← Final test: entrepreneurship lesson New set →

Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 13 · 40 questions
TalentJR

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.

NameDateTime takenScore ___ / 40
  1. 1.🔍 Three of these are for the same customers. Which is the odd one out? (a) notebook covering (b) timetable bookmarks (c) newspaper reading aloud (d) exam revision cards
  2. 2.🔁 Why does good service matter so much? (a) it does not (b) it is slower (c) it costs a lot (d) buyers come back
  3. 3.🧴 Water bottles in class keep getting mixed up. Which idea solves it? (a) a kite stall (b) more homework (c) louder school bells (d) bottle name stickers
  4. 4.🔍 Three of these are for the same customers. Which is the odd one out? (a) colouring sheets (b) balloon animals (c) homemade compost (d) puppet shows
  5. 5.Rohan’s stall budget is ₹590. Lemons cost ₹40, ribbon cost ₹110 and a price board cost ₹200. How many rupees of the budget are left?
  6. 6.❓ Before building anything, what should you ask? (a) which colour is best? (b) how rich will I be? (c) what is the logo? (d) who has this problem?
  7. 7.Which of these is a need? (a) a bigger TV (b) a video game (c) rice and dal (d) a fancy phone cover
  8. 8.🏷️ Good or poor business name: “Qxzrt Plvv”? (a) a good business name (b) a poor business name
  9. 9.Which of these is a running cost? (a) a price board (b) a juicer (c) card paper (d) a cooler box
  10. 10.One bag of popcorn costs ₹14 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.True or false: “the price you sell at” is the selling price. (a) True (b) False
  12. 12.👥 Whom should you ask about a snack for Class 6? (a) a shopkeeper far away (b) only your parents (c) Class 6 students (d) only yourself
  13. 13.🏢 Sole trader or company: owner keeps all profit? (a) a company (b) a sole trader
  14. 14.💡 A need is something… (a) made of plastic (b) only rich people buy (c) we must have to live (d) nice but not needed
  15. 15.One paper bookmark costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  16. 16.A stall’s fixed costs are ₹264 and each potted plant makes ₹8 profit. Joseph sells 50. What is the profit after paying the fixed costs (in ₹)?
  17. 17.🔍 Three of these are for the same customers. Which is the odd one out? (a) cloth toys for cats (b) pet-bowl cleaning (c) large-print calendars (d) dog-treat biscuits
  18. 18.One friendship band costs ₹16 to make and Diya sells it for ₹24. What is the markup in percent?
  19. 19.🔍 Which is the odd one out? (a) a third pair of shoes (b) notebooks for school (c) soap (d) school shoes
  20. 20.Diya asked 20 people about a popcorn stall and 90% said yes. How many people said yes?
  21. 21.A stall’s fixed costs are ₹153 and each clay diya makes ₹9 profit. Ananya sells 24. What is the profit after paying the fixed costs (in ₹)?
  22. 22.A batch of 10 cupcakes costs ₹120 to make. What does one cost to make (in ₹)?
  23. 23.🚀 Which step of starting a business is this: try out a sample? (a) step 4 (b) step 1 (c) step 5 (d) step 2
  24. 24.📒 One-time cost or running cost: paper cups? (a) a one-time cost (b) a running cost
  25. 25.True or false: “listening to complaints” is good customer service. (a) True (b) False
  26. 26.True or false: “a plant-watering service” is a solution idea. (a) False (b) True
  27. 27.Which of these is an unsafe practice? (a) washing hands first (b) leaving cash lying out (c) an adult at the stove (d) covering food
  28. 28.😊 Good or poor customer service: serving friends first? (a) good service (b) poor service
  29. 29.Ishaan plans to make 12 cupcakes. Each needs ₹5 of materials, and a banner costs ₹80 once. What total budget is needed (in ₹)?
  30. 30.🎪 School-fair stall plan: which comes first — set up the stall or list all the costs? (a) set up the stall (b) list all the costs
  31. 31.🎪 School-fair stall plan: which comes first — list all the costs or get permission first? (a) list all the costs (b) get permission first
  32. 32.🪴 Plant sale: what should you check first? (a) the pots are gold (b) the plants are healthy (c) a long name (d) a TV advert
  33. 33.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  34. 34.True or false: “old books thrown away” is a solution idea. (a) True (b) False
  35. 35.Which of these is a want? (a) soap (b) rice and dal (c) a party dress (d) drinking water
  36. 36.🚀 Which step of starting a business is this: think of an idea? (a) step 4 (b) step 3 (c) step 5 (d) step 2
  37. 37.🏢 Sole trader or company: owner owes the debts? (a) a sole trader (b) a company
  38. 38.True or false: “a party dress” is a want. (a) True (b) False
  39. 39.📜 Who should explain tax or legal rules for a business? (a) a classmate (b) nobody (c) a random video (d) an adult or an expert
  40. 40.Which of these is the cashier’s job? (a) calls out the offers (b) makes the cards (c) gives the change (d) adds up the costs

Answer key

  1. newspaper reading aloud
  2. buyers come back
  3. bottle name stickers
  4. homemade compost
  5. 240
  6. who has this problem?
  7. rice and dal
  8. a poor business name
  9. card paper
  10. 14
  11. True
  12. Class 6 students
  13. a sole trader
  14. we must have to live
  15. 66
  16. 136
  17. large-print calendars
  18. 50
  19. a third pair of shoes
  20. 18
  21. 63
  22. 12
  23. step 4
  24. a running cost
  25. True
  26. True
  27. leaving cash lying out
  28. poor service
  29. 140
  30. list all the costs
  31. get permission first
  32. the plants are healthy
  33. what the buyer pays
  34. False
  35. a party dress
  36. step 2
  37. a sole trader
  38. True
  39. an adult or an expert
  40. gives the change

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