Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 14 · 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: “the price on your board” is the cost price. (a) True (b) False
2. 2.🎪 School-fair stall plan: which comes first — sell and give change or count money and records? (a) sell and give change (b) count money and records
3. 3.Which of these is a poor logo idea? (a) too many small details (b) clear at a small size (c) a simple lemon shape (d) easy to draw by hand
4. 4.🎪 School-fair stall plan: which comes first — make a budget or get permission first? (a) make a budget (b) get permission first
5. 5.🏪 Fair or unfair way to compete: a new flavour? (a) a fair way to compete (b) an unfair way
6. 6.🔁 Reinvesting means… (a) hiding it (b) putting profit back in (c) spending it on games (d) giving it away
7. 7.😊 Good or poor customer service: rude replies? (a) good service (b) poor service
8. 8.Which of these is a solution idea? (a) no shade at the bus stop (b) a fruit-cup stall (c) old books thrown away (d) water bottles get lost
9. 9.🧪 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
10. 10.📣 Is this stall message honest and clear, or misleading? “Best lemonade in the whole world!!!” (a) honest and clear (b) misleading
11. 11.📅 When is the best time to update your records? (a) the same day (b) never (c) once a year (d) whenever you like
12. 12.🚀 Which step of starting a business is this: open the stall for all? (a) step 6 (b) step 1 (c) step 5 (d) step 2
13. 13.📍 Where should a plant stall look for customers? (a) inside a cinema (b) at a swimming pool (c) on a train roof (d) near homes with gardens
14. 14.🗣️ Testers say your cupcakes are too sweet. What is the next step? (a) launch it as it is (b) raise the price (c) improve the recipe (d) stop listening
15. 15.🧭 Why not try to sell to everyone? (a) it is easier to focus (b) everyone buys anyway (c) focus is a waste (d) it is illegal
16. 16.🗣️ The cheapest marketing is often… (a) shouting (b) TV adverts (c) huge billboards (d) happy customers
17. 17.Arjun’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹120 (evening sales)
    Expense: ₹60 (lemons)
    Expense: ₹50 (posters)
    What is the profit (in ₹)?
18. 18.☔ In the monsoon, which would sell best at a school gate? (a) woollen sweaters (b) ice lollies (c) umbrellas and raincoats (d) paper kites
19. 19.True or false: “a plant-watering service” is a problem people have. (a) False (b) True
20. 20.📒 One-time cost or running cost: a cooler box? (a) a running cost (b) a one-time cost
21. 21.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
22. 22.A small family shop borrows ₹500 from a bank at 4% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
23. 23.Meera’s fair stall sells 15 clay diyas at ₹10 each. How much money comes in from sales (in ₹)?
24. 24.True or false: “a card order paid” is income (money in). (a) False (b) True
25. 25.True or false: “sweets every day” is a want. (a) True (b) False
26. 26.A small family shop borrows ₹500 from a bank at 8% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
27. 27.Which of these is the maker’s job? (a) designs the poster (b) adds up the costs (c) pots the plants (d) gives the change
28. 28.🚀 Starting a business: which comes first — do a quick survey or improve from feedback? (a) do a quick survey (b) improve from feedback
29. 29.It costs ₹32 to make one clay diya. Kavya sells it for ₹33. What is the profit on one (in ₹)?
30. 30.⚖️ “Break-even” means… (a) profit is huge (b) you stopped selling (c) sales = all costs (d) you borrowed money
31. 31.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
32. 32.🚀 Starting a business: which comes first — open the stall for all or keep records and review? (a) open the stall for all (b) keep records and review
33. 33.Which of these is an unfair way to compete? (a) a new flavour (b) a cleaner stall (c) friendlier service (d) posting fake reviews
34. 34.Gurpreet’s fair stall sells 11 clay diyas at ₹5 each. How much money comes in from sales (in ₹)?
35. 35.Meera’s stall budget is ₹210. A price board cost ₹20, napkins cost ₹40 and card paper cost ₹90. How many rupees of the budget are left?
36. 36.🤝 At a team stall, whose job is it? Someone packs the snacks. (a) the cashier (b) the maker (c) the record keeper (d) the marketer
37. 37.A batch of 10 paper bookmarks costs ₹60 to make. Kabir sells each one for ₹10. What is the profit on each one (in ₹)?
38. 38.🏷️ Good or poor business name: “Paper Petals Cards”? (a) a poor business name (b) a good business name
39. 39.📱 Grandparents find video calls confusing. Which idea helps? (a) a kite stall (b) selling sweets (c) phone help for elders (d) a cricket coaching
40. 40.🐷 Saving, reinvesting or spending: more seeds for next time? (a) spending (b) saving (c) reinvesting

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