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Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 164 · 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.

NameDateTime takenScore ___ / 40
  1. 1.True or false: “ice” is a one-time cost. (a) True (b) False
  2. 2.Which of these is a running cost? (a) a cloth banner (b) a cash box (c) a juicer (d) ice
  3. 3.Joseph has a budget of ₹900. The stock costs ₹130 and the stall fee is ₹780. Is the budget enough? (a) No (b) Yes
  4. 4.Which of these is a running cost? (a) a juicer (b) a price board (c) a cooler box (d) card paper
  5. 5.Kabir has a budget of ₹500. The stock costs ₹140 and the stall fee is ₹380. Is the budget enough? (a) Yes (b) No
  6. 6.Which of these is a running cost? (a) a cooler box (b) a juicer (c) a price board (d) paper cups
  7. 7.True or false: “tea leaves and milk” is a running cost. (a) False (b) True
  8. 8.📒 One-time cost or running cost: sugar? (a) a running cost (b) a one-time cost
  9. 9.Which of these is a one-time cost? (a) lemons (b) paper cups (c) card paper (d) a price board
  10. 10.Which of these is a running cost? (a) a cloth banner (b) a folding table (c) sugar (d) a juicer
  11. 11.Which of these is a running cost? (a) a price board (b) lemons (c) a juicer (d) a cash box
  12. 12.📒 One-time cost or running cost: a cash box? (a) a one-time cost (b) a running cost
  13. 13.Kabir has ₹80 to spend on lemons. One lemon costs ₹12. What is the greatest number of lemons Kabir can buy?
  14. 14.📒 One-time cost or running cost: a price board? (a) a running cost (b) a one-time cost
  15. 15.True or false: “lemons” is a running cost. (a) False (b) True
  16. 16.True or false: “a cash box” is a running cost. (a) True (b) False
  17. 17.Vihaan’s stall budget is ₹740. Napkins cost ₹160, pots cost ₹90 and paper cups cost ₹210. How many rupees of the budget are left?
  18. 18.Gurpreet has a budget of ₹700. The stock costs ₹270 and the stall fee is ₹480. Is the budget enough? (a) Yes (b) No
  19. 19.True or false: “a folding table” is a running cost. (a) False (b) True
  20. 20.Aarav plans to make 13 cupcakes. Each needs ₹5 of materials, and a banner costs ₹80 once. What total budget is needed (in ₹)?
  21. 21.Vihaan has a budget of ₹300. The stock costs ₹70 and the stall fee is ₹270. Is the budget enough? (a) No (b) Yes
  22. 22.📒 One-time cost or running cost: a folding table? (a) a one-time cost (b) a running cost
  23. 23.🔍 Which is the odd one out? (a) a folding table (b) a cooler box (c) paper cups (d) a price board
  24. 24.🔍 Which is the odd one out? (a) card paper (b) a cash box (c) a cooler box (d) a folding table
  25. 25.📒 One-time cost or running cost: paper cups? (a) a running cost (b) a one-time cost
  26. 26.True or false: “card paper” is a running cost. (a) True (b) False
  27. 27.🔍 Which is the odd one out? (a) a cloth banner (b) card paper (c) tea leaves and milk (d) lemons
  28. 28.📒 One-time cost or running cost: lemons? (a) a running cost (b) a one-time cost
  29. 29.🔍 Which is the odd one out? (a) a price board (b) ice (c) a cash box (d) a folding table
  30. 30.📒 One-time cost or running cost: ice? (a) a one-time cost (b) a running cost
  31. 31.Joseph plans to make 44 painted pebbles. Each needs ₹8 of materials, and a banner costs ₹270 once. What total budget is needed (in ₹)?
  32. 32.True or false: “sugar” is a one-time cost. (a) False (b) True
  33. 33.🔍 Which is the odd one out? (a) tea leaves and milk (b) ice (c) a juicer (d) paper cups
  34. 34.Farhan has ₹470 to spend on rolls of ribbon. One roll of ribbon costs ₹5. What is the greatest number of rolls of ribbon Farhan can buy?
  35. 35.Vihaan plans to make 14 paper bookmarks. Each needs ₹8 of materials, and a banner costs ₹250 once. What total budget is needed (in ₹)?
  36. 36.Kavya has a budget of ₹600. The stock costs ₹160 and the stall fee is ₹480. Is the budget enough? (a) Yes (b) No
  37. 37.Which of these is a one-time cost? (a) seeds and soil (b) a cash box (c) lemons (d) paper cups
  38. 38.Farhan plans to make 21 cups of lemonade. Each needs ₹5 of materials, and a banner costs ₹210 once. What total budget is needed (in ₹)?
  39. 39.Zoya’s stall budget is ₹630. Sugar cost ₹270, napkins cost ₹80 and a banner cost ₹40. How many rupees of the budget are left?
  40. 40.True or false: “paper cups” is a one-time cost. (a) False (b) True

Answer key

  1. False
  2. ice
  3. No
  4. card paper
  5. No
  6. paper cups
  7. True
  8. a running cost
  9. a price board
  10. sugar
  11. lemons
  12. a one-time cost
  13. 6
  14. a one-time cost
  15. True
  16. False
  17. 280
  18. No
  19. False
  20. 145
  21. No
  22. a one-time cost
  23. paper cups
  24. card paper
  25. a running cost
  26. True
  27. a cloth banner
  28. a running cost
  29. ice
  30. a running cost
  31. 622
  32. False
  33. a juicer
  34. 94
  35. 362
  36. No
  37. a cash box
  38. 315
  39. 240
  40. False

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