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Here is a sample test for Business Mathematics and Logical Reasoning:
Section 1: Business Mathematics
1. A company has fixed expenses of $10,000 per month and variable expenses of $5 per unit produced. If the company produces 2,000 units in a month, what is the total expense?
a. $10,000
b. $20,000
c. $30,000
d. $40,000
2. If the selling price of a product is $50 and the profit margin is 25%, what is the cost of the product?
a. $12.50
b. $25
c. $37.50
d. $50
3. If a business has a net income of $50,000 and a revenue of $250,000, what is the profit margin?
a. 5%
b. 20%
c. 25%
d. 50%
4. A company has a debt-to-equity ratio of 0.5. If the total equity is $100,000, what is the total debt?
a. $50,000
b. $75,000
c. $100,000
d. $125,000
5. A business has a cash flow of $10,000 and a net income of $5,000. What is the operating cash flow?
a. $5,000
b. $10,000
c. $15,000
d. $20,000
Section 2: Logical Reasoning
1. All birds can fly. Penguins are birds. Can penguins fly?
a. Yes
b. No
c. Maybe
d. Not enough information
2. All cats are animals. All animals have four legs. Can a cat have three legs?
a. Yes
b. No
c. Maybe
d. Not enough information
3. Some pencils are blue. All blue things are colorful. Are all pencils colorful?
a. Yes
b. No
c. Maybe
d. Not enough information
4. Some dogs are friendly. All friendly dogs wag their tails. Do all dogs wag their tails?
a. Yes
b. No
c. Maybe
d. Not enough information
5. All cars have four wheels. Some bicycles have four wheels. Are all bicycles cars?
a. Yes
b. No
c. Maybe
d. Not enough information
Answers:
Section 1: 1. b, 2. c, 3. b, 4. a, 5. c
Section 2: 1. b, 2. b, 3. c, 4. d, 5. b
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