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Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 116 · 40 questions
TalentJR

Business tip (Plan before you spend): One-time cost: bought once and used many times. Running cost: bought again for every batch. Money left = budget − all the costs. Total budget needed = materials for every item + one-time costs. Greatest number you can buy = money ÷ price of one, rounded down to a whole number.

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  1. 1.🔍 Which is the odd one out? (a) ice (b) a cooler box (c) paper cups (d) sugar
  2. 2.True or false: “tea leaves and milk” is a one-time cost. (a) True (b) False
  3. 3.Which of these is a one-time cost? (a) lemons (b) a folding table (c) tea leaves and milk (d) card paper
  4. 4.🔍 Which is the odd one out? (a) lemons (b) a cloth banner (c) ice (d) sugar
  5. 5.Joseph has a budget of ₹600. The stock costs ₹290 and the stall fee is ₹260. Is the budget enough? (a) No (b) Yes
  6. 6.📒 One-time cost or running cost: a folding table? (a) a one-time cost (b) a running cost
  7. 7.True or false: “ice” is a running cost. (a) False (b) True
  8. 8.True or false: “a cash box” is a one-time cost. (a) False (b) True
  9. 9.True or false: “a cloth banner” is a running cost. (a) True (b) False
  10. 10.🔍 Which is the odd one out? (a) tea leaves and milk (b) a cash box (c) paper cups (d) card paper
  11. 11.Aarav plans to make 12 glasses of chai. Each needs ₹3 of materials, and a banner costs ₹130 once. What total budget is needed (in ₹)?
  12. 12.Diya’s stall budget is ₹450. A price board cost ₹30, card paper cost ₹170 and sugar cost ₹80. How many rupees of the budget are left?
  13. 13.Which of these is a running cost? (a) a cooler box (b) seeds and soil (c) a cash box (d) a juicer
  14. 14.Lakshmi plans to make 45 cups of lemonade. Each needs ₹8 of materials, and a banner costs ₹60 once. What total budget is needed (in ₹)?
  15. 15.True or false: “a juicer” is a running cost. (a) False (b) True
  16. 16.Which of these is a running cost? (a) a folding table (b) a cash box (c) a cloth banner (d) card paper
  17. 17.Joseph plans to make 34 potted plants. Each needs ₹6 of materials, and a banner costs ₹80 once. What total budget is needed (in ₹)?
  18. 18.🔍 Which is the odd one out? (a) a price board (b) ice (c) seeds and soil (d) lemons
  19. 19.📒 One-time cost or running cost: card paper? (a) a one-time cost (b) a running cost
  20. 20.True or false: “card paper” is a running cost. (a) True (b) False
  21. 21.True or false: “ice” is a one-time cost. (a) False (b) True
  22. 22.Nisha plans to make 29 glasses of chai. Each needs ₹10 of materials, and a banner costs ₹150 once. What total budget is needed (in ₹)?
  23. 23.📒 One-time cost or running cost: paper cups? (a) a one-time cost (b) a running cost
  24. 24.True or false: “paper cups” is a running cost. (a) True (b) False
  25. 25.True or false: “a juicer” is a one-time cost. (a) True (b) False
  26. 26.🔍 Which is the odd one out? (a) a folding table (b) paper cups (c) a cloth banner (d) a price board
  27. 27.🔍 Which is the odd one out? (a) tea leaves and milk (b) lemons (c) a juicer (d) paper cups
  28. 28.Rohan has a budget of ₹600. The stock costs ₹140 and the stall fee is ₹440. Is the budget enough? (a) No (b) Yes
  29. 29.Tara has ₹260 to spend on rolls of ribbon. One roll of ribbon costs ₹12. What is the greatest number of rolls of ribbon Tara can buy?
  30. 30.True or false: “a price board” is a running cost. (a) False (b) True
  31. 31.Riya’s stall budget is ₹620. Lemons cost ₹220, paper cups cost ₹110 and ribbon cost ₹240. How many rupees of the budget are left?
  32. 32.Diya plans to make 30 clay diyas. Each needs ₹4 of materials, and a banner costs ₹230 once. What total budget is needed (in ₹)?
  33. 33.Ishaan’s stall budget is ₹520. Lemons cost ₹190, napkins cost ₹110 and paper cups cost ₹190. How many rupees of the budget are left?
  34. 34.Aarav’s stall budget is ₹640. Paper cups cost ₹250, seeds cost ₹90 and a banner cost ₹220. How many rupees of the budget are left?
  35. 35.📒 One-time cost or running cost: tea leaves and milk? (a) a running cost (b) a one-time cost
  36. 36.Zoya’s stall budget is ₹440. Sugar cost ₹100, a banner cost ₹20 and paper cups cost ₹190. How many rupees of the budget are left?
  37. 37.True or false: “card paper” is a one-time cost. (a) True (b) False
  38. 38.Aarav’s stall budget is ₹860. Lemons cost ₹190, card paper cost ₹290 and ribbon cost ₹190. How many rupees of the budget are left?
  39. 39.📒 One-time cost or running cost: seeds and soil? (a) a one-time cost (b) a running cost
  40. 40.📒 One-time cost or running cost: a cash box? (a) a running cost (b) a one-time cost

Answer key

  1. a cooler box
  2. False
  3. a folding table
  4. a cloth banner
  5. Yes
  6. a one-time cost
  7. True
  8. True
  9. False
  10. a cash box
  11. 166
  12. 170
  13. seeds and soil
  14. 420
  15. False
  16. card paper
  17. 284
  18. a price board
  19. a running cost
  20. True
  21. False
  22. 440
  23. a running cost
  24. True
  25. True
  26. paper cups
  27. a juicer
  28. Yes
  29. 21
  30. False
  31. 50
  32. 350
  33. 30
  34. 80
  35. a running cost
  36. 130
  37. False
  38. 190
  39. a running cost
  40. a one-time cost

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