Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 16 · 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: “no healthy snack nearby” is a solution idea. (a) True (b) False
2. 2.Which of these is not a unique selling point? (a) we are open (b) ready in five minutes (c) personalised with names (d) free name tags
3. 3.☕ Chai stall: what should you check first? (a) a big banner (b) a fancy name (c) the cup colours (d) an adult runs the stove
4. 4.True or false: someone who follows the owner’s plan — that is what an employee does. (a) True (b) False
5. 5.🎪 School-fair stall plan: which comes first — ask parents and school or serve customers? (a) ask parents and school (b) serve customers
6. 6.🤝 Two teammates both want to be cashier. A fair fix? (a) take turns (b) shout louder (c) flip the table (d) quit the team
7. 7.🛒 Need or want: school shoes? (a) a need (b) a want
8. 8.Which of these is a one-time cost? (a) tea leaves and milk (b) seeds and soil (c) a cash box (d) paper cups
9. 9.True or false: “a parent’s status post” is social media. (a) False (b) True
10. 10.🎪 School-fair stall plan: which comes first — serve customers or list all the costs? (a) serve customers (b) list all the costs
11. 11.A stall’s fixed costs are ₹50. Each painted pebble costs ₹19 to make and sells for ₹29. How many must be sold to break even?
12. 12.🏢 Sole trader or company: a separate legal body? (a) a sole trader (b) a company
13. 13.Which of these is a want? (a) a school uniform (b) a bigger TV (c) medicine when ill (d) a warm blanket
14. 14.True or false: “chatting on the phone” is poor customer service. (a) True (b) False
15. 15.A small family shop borrows ₹200 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
16. 16.🔍 Which is the odd one out? (a) an adult at the stove (b) visiting strangers alone (c) hot oil near small kids (d) leaving cash lying out
17. 17.Which of these is an unsafe practice? (a) selling in a known place (b) keeping cash in a box (c) visiting strangers alone (d) an adult at the stove
18. 18.True or false: “chatting on the phone” is good customer service. (a) True (b) False
19. 19.📊 Revenue or profit: price × number sold? (a) revenue (b) profit
20. 20.True or false: for plant name labels, elderly people are the target customers. (a) True (b) False
21. 21.Which of these is a clear unique selling point? (a) it is a product (b) same as every stall (c) we have a table (d) a sugar-free recipe
22. 22.📋 Helpful or unhelpful research question: “Isn’t my lemonade the best ever?” (a) an unhelpful question (b) a helpful question
23. 23.🏦 Interest on a loan is… (a) a discount (b) free money (c) the cost of borrowing (d) a gift
24. 24.Which of these is spending on yourself? (a) profit put in a bank (b) more seeds for next time (c) sweets for yourself (d) buying a second juicer
25. 25.True or false: “learning from mistakes” is a helpful habit for an entrepreneur. (a) False (b) True
26. 26.True or false: “same as every stall” is not a unique selling point. (a) False (b) True
27. 27.📋 Helpful or unhelpful research question: “How much would you pay for one?” (a) a helpful question (b) an unhelpful question
28. 28.🔎 Is this a problem or a solution idea: “plants die in holidays”? (a) a problem (b) a solution idea
29. 29.Which of these is true of a company? (a) owner owes the debts (b) run by directors (c) owner keeps all profit (d) one owner runs it
30. 30.📖 Tutoring juniors: what should you check first? (a) the fee is huge (b) you skip school (c) their parents agree (d) no one knows
31. 31.Which of these is a poster? (a) a short video post (b) a teacher recommends it (c) a post on a family page (d) a flyer in the lift
32. 32.🚀 Helpful or unhelpful for an entrepreneur: working with a team? (a) an unhelpful habit (b) a helpful habit
33. 33.🤝 Why do entrepreneurs work with other people? (a) to make them work free (b) they never do (c) no one can do it alone (d) to take their money
34. 34.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
35. 35.🎯 Who is the main target customer for pet-bowl cleaning? (a) young children (b) pet owners (c) elderly people (d) school students
36. 36.Which of these is a need? (a) a third pair of shoes (b) a video game (c) notebooks for school (d) a fancy phone cover
37. 37.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
38. 38.🚀 Starting a business: which comes first — fix what people disliked or count profit and learn? (a) fix what people disliked (b) count profit and learn
39. 39.💡 An entrepreneur is a person who… (a) only buys things (b) starts a business (c) works for a salary (d) never takes a risk
40. 40.Which of these is the cashier’s job? (a) calls out the offers (b) adds up the costs (c) plans the stall sign (d) takes the money

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