Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 12 · 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.🗣️ Testers say your cupcakes are too sweet. What is the next step? (a) stop listening (b) raise the price (c) improve the recipe (d) launch it as it is
2. 2.📣 Is this stall message honest and clear, or misleading? “Only 1 left!” (there are 50) (a) misleading (b) honest and clear
3. 3.To make 10 bags of popcorn, Ishaan spends ₹10 on corn, ₹5 on oil and ₹25 on paper bags. What does one cost to make (in ₹)?
4. 4.One jute bag costs ₹56 to make. Lakshmi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
5. 5.📋 Helpful or unhelpful research question: “My idea is great, isn’t it?” (a) an unhelpful question (b) a helpful question
6. 6.🚀 Which step of starting a business is this: see what bugs people? (a) step 2 (b) step 1 (c) step 7 (d) step 5
7. 7.📜 Who should explain tax or legal rules for a business? (a) an adult or an expert (b) a random video (c) nobody (d) a classmate
8. 8.Which of these is a helpful habit for an entrepreneur? (a) learning from mistakes (b) giving up after one try (c) never asking anyone (d) ignoring complaints
9. 9.⭐ Is this a clear unique selling point (USP): “personalised with names”? (a) not a USP (b) a clear USP
10. 10.To make 50 fruit cups, Tara spends ₹70 on fruit, ₹15 on cups and ₹15 on spoons. What does one cost to make (in ₹)?
11. 11.Which of these is a running cost? (a) a folding table (b) a cloth banner (c) a cooler box (d) seeds and soil
12. 12.True or false: “Best lemonade in the whole world!!!” is honest and clear. (a) False (b) True
13. 13.A stall’s fixed costs are ₹210. Each bag of popcorn costs ₹24 to make and sells for ₹30. How many must be sold to break even?
14. 14.📜 A teen asks about tax or legal rules for a business. Who should answer? (a) no one (b) a classmate (c) a random website (d) an adult or an expert
15. 15.🔍 Which is the odd one out? (a) delivered to your door (b) free name tags (c) it is a product (d) ready in five minutes
16. 16.🧪 Why make a small test batch before a big launch? (a) to learn cheaply (b) to waste money (c) it is a rule (d) to look busy
17. 17.🔍 Which is the odd one out? (a) asking customers (b) blaming others (c) working with a team (d) learning from mistakes
18. 18.📱 A 12-year-old wants to post about the stall online. What first? (a) share home address (b) ask a stranger (c) post right away (d) ask a parent
19. 19.🛒 A family has little money. What should it buy first? (a) the wants (b) the costliest thing (c) the most fun thing (d) the needs
20. 20.🙋 Why is “You love my idea, right?” a poor research question? (a) it is too polite (b) it is too short (c) it has a question mark (d) it pushes for a yes
21. 21.🚀 Starting a business: which comes first — launch the business or make a small test batch? (a) launch the business (b) make a small test batch
22. 22.🤝 At a team stall, whose job is it? Someone takes the money. (a) the record keeper (b) the maker (c) the cashier (d) the marketer
23. 23.🎪 School-fair stall plan: which comes first — prepare the items or pick one simple product? (a) prepare the items (b) pick one simple product
24. 24.True or false: “money from sales” is income (money in). (a) True (b) False
25. 25.📋 What is market research? (a) making a logo (b) counting your money (c) printing posters (d) asking what buyers want
26. 26.Meera’s fair stall sells 15 cups of lemonade at ₹20 each. How much money comes in from sales (in ₹)?
27. 27.🚀 Rohan made 500 bookmarks before asking anyone. What went wrong? (a) nothing at all (b) he made too few (c) he skipped testing (d) he asked too many
28. 28.One glass of chai costs ₹27 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
29. 29.Rohan’s fair stall sells 24 bags of popcorn at ₹25 each. How much money comes in from sales (in ₹)?
30. 30.📊 Revenue or profit: left after all costs? (a) revenue (b) profit
31. 31.🔍 Which is the odd one out? (a) chat at the bus stop (b) a buyer tells her cousin (c) a friend tells a friend (d) a notice-board sheet
32. 32.💡 A need is something… (a) only rich people buy (b) nice but not needed (c) we must have to live (d) made of plastic
33. 33.Which of these is social media? (a) chat at the bus stop (b) a parent’s status post (c) a chart by the gate (d) a buyer tells her cousin
34. 34.🔍 Which is the odd one out? (a) ignoring a customer (b) listening to complaints (c) dirty hands with food (d) arguing with a buyer
35. 35.📋 Helpful or unhelpful research question: “What do you dislike about the snacks now?” (a) an unhelpful question (b) a helpful question
36. 36.True or false: “spending all the profit” is a helpful habit for an entrepreneur. (a) False (b) True
37. 37.One bag of popcorn costs Aarav ₹31 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
38. 38.😊 Good or poor customer service: saying thank you? (a) poor service (b) good service
39. 39.Which of these is good customer service? (a) serving friends first (b) counting change wrongly (c) a sticky, messy table (d) giving correct change
40. 40.🔍 Three of these are for the same customers. Which is the odd one out? (a) homemade compost (b) seedlings in pots (c) plant name labels (d) cloth toys for cats

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