Challenge Your Business Acumen: 10-Question IQ Test for Entrepreneurs

Test your entrepreneurial IQ with our 10-question quiz designed for business minds. Discover your strengths and areas for growth!

LD Web Desk LD Web Desk
Jul 12, 2024 - 15:23 Updated: Jul 12, 2024 - 15:47

1. You are running a business and you have 100 units of a product. You sell 60 units and then buy another 80 units. How many units do you have now?

140
120
100
160

2. If it takes 5 machines 5 minutes to make 5 widgets, how long would it take 100 machines to make 100 widgets?

5 minutes
10 minutes
50 minutes
100 minutes

3. A startup spends 1/3 of its revenue on salaries, 1/4 on rent, and the remaining $100,000 on other expenses. What is the total revenue of the startup?

$300,000
$400,000
$600,000
$800,000

4. If the price of a product increases by 20% and the sales decrease by 20%, what is the net effect on the total revenue?

Decreases
Increases
No change
Cannot be determined

5. An investor buys a share for $50. After one year, the share price increases by 20%, but then the investor sells the share at a 10% loss from the new price. What is the selling price?

$54
$60
$45
$48

6. A company's profit is given by the formula: Profit = Revenue - Expenses. If the revenue is three times the expenses and the profit is $200,000, what are the expenses?

$50,000
$66,666
$75,000
$100,000

7. You invest $10,000 in a business that promises a return of 5% compounded annually. How much will your investment be worth at the end of 3 years?

$11,500.00
$11,576.25
$11,700.00
$11,800.25

8. If the ratio of the number of male employees to female employees in a company is 3:2 and there are 120 male employees, how many female employees are there?

40
60
80
90

9. A product’s price is increased by 15%, and its new price is $230. What was its original price?

$195
$200
$205
$210

10. If 8 workers can build 8 tables in 8 days, how many tables can 4 workers build in 4 days?

2
4
8
16