Entrepreneur IQ Test: Assess Your Business Smarts in 10 Questions

Are you a business genius? Take this 10-question IQ test for entrepreneurs to evaluate your business intelligence and strategic thinking.

LD Web Desk LD Web Desk
Jul 12, 2024 - 15:46 Updated: Jul 12, 2024 - 15:49

1. A company has a debt-to-equity ratio of 2:1. If the company's equity is valued at $500,000, what is the value of its debt?

$1,000,000
$500,000
$250,000
$750,000

2. An entrepreneur borrows $15,000 at an annual interest rate of 8%. If the loan is to be paid back in equal monthly installments over 3 years, what is the monthly payment?

$466.67
$472.56
$488.59
$500.00

3. If a store sells a product at a 20% discount, and the discounted price is $80, what was the original price?

$90
$95
$100
$105

4. A company’s sales in January are $100,000, and they increase by 10% each month. What will the sales be in April?

$121,000
$130,000
$133,100
$146,410

5. If the cost of manufacturing 100 units is $500, what will be the cost of manufacturing 250 units, assuming the cost is directly proportional to the number of units produced?

$750
$1,000
$1,250
$1,500

6. If the revenue of a company doubles every year, and its current revenue is $50,000, what will be its revenue after 3 years?

$100,000
$200,000
$400,000
$800,000

7. A company's profit margin is 25%. If its revenue is $1,000,000, what is the profit?

$150,000
$200,000
$250,000
$300,000

8. If a startup’s valuation is $5 million after 2 years and it follows an exponential growth model with a growth rate of 20% per year, what was its initial valuation?

$2,500,000
$3,000,000
$3,472,222
$4,166,667

9. An entrepreneur wants to divide a $50,000 investment equally among 5 different projects. If each project returns 8% profit annually, what is the total annual profit?

$2,000
$2,500
$4,000
$5,000

10. A business spends 40% of its budget on marketing, 30% on salaries, and the remaining $60,000 on other expenses. What is the total budget?

$100,000
$120,000
$150,000
$200,000