Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 11 · 40 questions

Business tip (Ready to run a stall): Find the topic of the question: ideas, customers, research, money sums, pricing, records, marketing, service, teamwork, safety or business basics. Use that lesson’s tip and read every option before you choose. For ₹ sums, write the rule first (profit = SP − CP, break-even = fixed ÷ profit on one, markup = cost × % ÷ 100), then calculate.

1. 1.True or false: someone who keeps the profit or loss — that is what an entrepreneur does. (a) True (b) False
2. 2.Which of these is a want? (a) rice and dal (b) notebooks for school (c) a toy robot (d) school shoes
3. 3.Which of these is a want? (a) school shoes (b) designer sunglasses (c) drinking water (d) a warm blanket
4. 4.Ishaan has a budget of ₹600. The stock costs ₹300 and the stall fee is ₹280. Is the budget enough? (a) No (b) Yes
5. 5.A stall’s fixed costs are ₹55 and each cupcake makes ₹11 profit. Saanvi has sold 10 cupcakes so far. Has the stall broken even yet? (a) Yes (b) No
6. 6.🧪 Why make a small test batch before a big launch? (a) to look busy (b) to learn cheaply (c) it is a rule (d) to waste money
7. 7.🔍 Which is the odd one out? (a) a cooler box (b) card paper (c) a cash box (d) a juicer
8. 8.⭐ Is this a clear unique selling point (USP): “we sell things”? (a) a clear USP (b) not a USP
9. 9.Which of these is an unfair way to compete? (a) a cleaner stall (b) a fair, lower price (c) better quality (d) breaking their sign
10. 10.Diya’s fair stall pays a ₹350 stall fee and ₹400 for materials. It sells 55 friendship bands at ₹30 each. What is the profit (in ₹)?
11. 11.🛒 Need or want: designer sunglasses? (a) a want (b) a need
12. 12.🏷️ Good or poor business name: “Qxzrt Plvv”? (a) a good business name (b) a poor business name
13. 13.🔍 Which is the odd one out? (a) “Chai Corner” (b) “Green Thumb Saplings” (c) “Qxzrt Plvv” (d) “Paper Petals Cards”
14. 14.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
15. 15.🧴 Water bottles in class keep getting mixed up. Which idea solves it? (a) louder school bells (b) bottle name stickers (c) more homework (d) a kite stall
16. 16.🎯 Who is the main target customer for colouring sheets? (a) pet owners (b) gardeners (c) young children (d) elderly people
17. 17.👔 Who does this — an entrepreneur or an employee? Someone who starts a new business. (a) an entrepreneur (b) an employee
18. 18.True or false: “Only 1 left!” (there are 50) is misleading. (a) False (b) True
19. 19.One bag of popcorn costs ₹60 to make and Joseph sells it for ₹120. What is the markup in percent?
20. 20.🤝 At a team stall, whose job is it? Someone designs the poster. (a) the record keeper (b) the cashier (c) the maker (d) the marketer
21. 21.🔁 Why does good service matter so much? (a) it costs a lot (b) buyers come back (c) it is slower (d) it does not
22. 22.True or false: “a cooler box” is a one-time cost. (a) True (b) False
23. 23.Which of these is dishonest business? (a) a refund if it breaks (b) true photos of items (c) correct change (d) false health claims
24. 24.Which of these is a poor logo idea? (a) two or three colours (b) a blurry photo (c) a simple lemon shape (d) clear at a small size
25. 25.True or false: “trying small first” is an unhelpful habit for an entrepreneur. (a) False (b) True
26. 26.A batch of 25 cups of lemonade costs ₹125 to make. Zoya sells each one for ₹14. What is the profit on each one (in ₹)?
27. 27.❄️ On a cold winter morning, which stall would most people want? (a) ice lollies (b) paper fans (c) hot drinks (d) water guns
28. 28.📋 Helpful or unhelpful research question: “How often do you buy a snack at school?” (a) a helpful question (b) an unhelpful question
29. 29.True or false: “maths help for juniors” is a solution idea. (a) True (b) False
30. 30.Which of these is an unsafe practice? (a) an adult at the stove (b) washing hands first (c) visiting strangers alone (d) keeping cash in a box
31. 31.True or false: “lemons” is a one-time cost. (a) False (b) True
32. 32.🧭 Why not try to sell to everyone? (a) everyone buys anyway (b) it is illegal (c) it is easier to focus (d) focus is a waste
33. 33.👪 A teen wants to borrow for a business idea. First step? (a) talk to parents (b) take it secretly (c) ask strangers (d) borrow online alone
34. 34.Which of these is income (money in)? (a) bus fare to the market (b) buying paper cups (c) printing posters (d) tutoring fees received
35. 35.🚀 Helpful or unhelpful for an entrepreneur: planning ahead? (a) an unhelpful habit (b) a helpful habit
36. 36.Farhan’s income was ₹280 and the profit was ₹60. One expense was ₹100 (lemons). How much was the other expense, for card paper (in ₹)?
37. 37.A batch of 50 bags of popcorn costs ₹550 to make. Ananya sells each one for ₹14. What is the profit on each one (in ₹)?
38. 38.🌱 What is the best way to start a first business? (a) quit school for it (b) copy a big company (c) borrow a lot at once (d) start small and test
39. 39.🔍 Which is the odd one out? (a) a new flavour each week (b) we sell things (c) ready in five minutes (d) a sugar-free recipe
40. 40.🔍 Which is the odd one out? (a) giving up after one try (b) staying curious (c) saving for the business (d) being honest

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