← Budgets lesson New set →

Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 457 · 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.📒 One-time cost or running cost: seeds and soil? (a) a running cost (b) a one-time cost
  2. 2.Which of these is a one-time cost? (a) paper cups (b) a folding table (c) card paper (d) lemons
  3. 3.Farhan’s stall budget is ₹570. Napkins cost ₹40, a price board cost ₹200 and lemons cost ₹280. How many rupees of the budget are left?
  4. 4.Vihaan plans to make 28 jute bags. Each needs ₹9 of materials, and a banner costs ₹230 once. What total budget is needed (in ₹)?
  5. 5.Zoya’s stall budget is ₹930. Seeds cost ₹270, a price board cost ₹250 and paper cups cost ₹240. How many rupees of the budget are left?
  6. 6.True or false: “a price board” is a running cost. (a) True (b) False
  7. 7.Meera plans to make 11 clay diyas. Each needs ₹10 of materials, and a banner costs ₹300 once. What total budget is needed (in ₹)?
  8. 8.🔍 Which is the odd one out? (a) lemons (b) sugar (c) card paper (d) a cloth banner
  9. 9.True or false: “paper cups” is a running cost. (a) False (b) True
  10. 10.True or false: “paper cups” is a one-time cost. (a) False (b) True
  11. 11.Which of these is a one-time cost? (a) a cooler box (b) seeds and soil (c) card paper (d) paper cups
  12. 12.True or false: “card paper” is a one-time cost. (a) False (b) True
  13. 13.True or false: “tea leaves and milk” is a running cost. (a) True (b) False
  14. 14.Which of these is a one-time cost? (a) tea leaves and milk (b) a cash box (c) card paper (d) seeds and soil
  15. 15.True or false: “a cash box” is a running cost. (a) True (b) False
  16. 16.Lakshmi has a budget of ₹1000. The stock costs ₹320 and the stall fee is ₹660. Is the budget enough? (a) Yes (b) No
  17. 17.Which of these is a running cost? (a) a folding table (b) a juicer (c) a price board (d) ice
  18. 18.🔍 Which is the odd one out? (a) paper cups (b) lemons (c) a juicer (d) ice
  19. 19.Diya plans to make 10 bags of popcorn. Each needs ₹4 of materials, and a banner costs ₹300 once. What total budget is needed (in ₹)?
  20. 20.🔍 Which is the odd one out? (a) a folding table (b) a price board (c) a juicer (d) card paper
  21. 21.True or false: “seeds and soil” is a one-time cost. (a) False (b) True
  22. 22.📒 One-time cost or running cost: lemons? (a) a running cost (b) a one-time cost
  23. 23.Which of these is a running cost? (a) a price board (b) sugar (c) a folding table (d) a cloth banner
  24. 24.📒 One-time cost or running cost: tea leaves and milk? (a) a running cost (b) a one-time cost
  25. 25.Rohan plans to make 16 paper bookmarks. Each needs ₹2 of materials, and a banner costs ₹60 once. What total budget is needed (in ₹)?
  26. 26.True or false: “a cloth banner” is a one-time cost. (a) False (b) True
  27. 27.🔍 Which is the odd one out? (a) a cloth banner (b) paper cups (c) a price board (d) a folding table
  28. 28.Kavya has a budget of ₹1000. The stock costs ₹410 and the stall fee is ₹560. Is the budget enough? (a) No (b) Yes
  29. 29.📒 One-time cost or running cost: a cash box? (a) a running cost (b) a one-time cost
  30. 30.Saanvi’s stall budget is ₹900. Ribbon cost ₹220, napkins cost ₹290 and card paper cost ₹280. How many rupees of the budget are left?
  31. 31.True or false: “a juicer” is a running cost. (a) False (b) True
  32. 32.True or false: “a folding table” is a one-time cost. (a) True (b) False
  33. 33.Ishaan’s stall budget is ₹380. Card paper cost ₹230, napkins cost ₹120 and ribbon cost ₹20. How many rupees of the budget are left?
  34. 34.📒 One-time cost or running cost: a juicer? (a) a one-time cost (b) a running cost
  35. 35.📒 One-time cost or running cost: ice? (a) a running cost (b) a one-time cost
  36. 36.📒 One-time cost or running cost: sugar? (a) a running cost (b) a one-time cost
  37. 37.Vihaan plans to make 38 painted pebbles. Each needs ₹7 of materials, and a banner costs ₹250 once. What total budget is needed (in ₹)?
  38. 38.Nisha has ₹110 to spend on packets of seeds. One packet of seeds costs ₹5. What is the greatest number of packets of seeds Nisha can buy?
  39. 39.Which of these is a one-time cost? (a) sugar (b) seeds and soil (c) a juicer (d) tea leaves and milk
  40. 40.True or false: “tea leaves and milk” is a one-time cost. (a) False (b) True

Answer key

  1. a running cost
  2. a folding table
  3. 50
  4. 482
  5. 170
  6. False
  7. 410
  8. a cloth banner
  9. True
  10. False
  11. a cooler box
  12. False
  13. True
  14. a cash box
  15. False
  16. Yes
  17. ice
  18. a juicer
  19. 340
  20. card paper
  21. False
  22. a running cost
  23. sugar
  24. a running cost
  25. 92
  26. True
  27. paper cups
  28. Yes
  29. a one-time cost
  30. 110
  31. False
  32. True
  33. 10
  34. a one-time cost
  35. a running cost
  36. a running cost
  37. 516
  38. 22
  39. a juicer
  40. False

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids