Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 17 · 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: “Free cards!*” (*not free) is misleading. (a) False (b) True
2. 2.🏷️ Good or poor business name: “Sunny Sips”? (a) a poor business name (b) a good business name
3. 3.📊 Revenue or profit: money in before costs? (a) revenue (b) profit
4. 4.True or false: “owner owes the debts” is true of a sole trader. (a) False (b) True
5. 5.True or false: “counting change wrongly” is good customer service. (a) False (b) True
6. 6.One potted plant costs ₹45 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
7. 7.Which of these is poor customer service? (a) giving correct change (b) greeting with a smile (c) fixing mistakes quickly (d) chatting on the phone
8. 8.One cupcake costs Ananya ₹53 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
9. 9.A batch of 50 paper bookmarks costs ₹100 to make. What does one cost to make (in ₹)?
10. 10.Which of these is an unfair way to compete? (a) a fair, lower price (b) friendlier service (c) posting fake reviews (d) a new flavour
11. 11.🚀 Helpful or unhelpful for an entrepreneur: trying small first? (a) an unhelpful habit (b) a helpful habit
12. 12.🚀 Starting a business: which comes first — count profit and learn or fix what people disliked? (a) count profit and learn (b) fix what people disliked
13. 13.A batch of 50 handmade cards costs ₹500 to make. What does one cost to make (in ₹)?
14. 14.Nisha asked 20 people about maths help for juniors and 1 said yes. What percent said yes?
15. 15.To make 20 cupcakes, Diya spends ₹15 on flour, ₹35 on butter and ₹30 on paper cases. What does one cost to make (in ₹)?
16. 16.A batch of 10 fruit cups costs ₹110 to make. What does one cost to make (in ₹)?
17. 17.True or false: “free name tags” is not a unique selling point. (a) True (b) False
18. 18.True or false: “trying small first” is a helpful habit for an entrepreneur. (a) False (b) True
19. 19.🏷️ What is a brand? (a) your stall table (b) how people know you (c) your cash box (d) a type of loan
20. 20.🚀 Starting a business: which comes first — ask possible customers or think of an idea? (a) ask possible customers (b) think of an idea
21. 21.🎪 School-fair stall plan: which comes first — choose what to sell or list all the costs? (a) choose what to sell (b) list all the costs
22. 22.📦 Why work out the cost of ONE item? (a) it does not matter (b) to spend more (c) to look clever (d) to set a good price
23. 23.🎯 Who is the main target customer for seedlings in pots? (a) elderly people (b) gardeners (c) school students (d) young children
24. 24.A batch of 20 paper bookmarks costs ₹220 to make. Kabir sells all 20 at ₹12 each. What is the total profit on the batch (in ₹)?
25. 25.True or false: “cash from selling plants” is income (money in). (a) True (b) False
26. 26.🎯 A want can still be a good business when… (a) many people want it (b) it is not safe (c) it breaks the rules (d) nobody likes it
27. 27.🎯 What should a good business idea solve? (a) only the owner’s boredom (b) nothing at all (c) a made-up problem (d) a real problem or need
28. 28.📉 A price below the cost leads to… (a) a profit (b) free stock (c) break-even (d) a loss
29. 29.A batch of 10 paper bookmarks costs ₹110 to make. Kabir sells each one for ₹17. What is the profit on each one (in ₹)?
30. 30.A stall’s fixed costs are ₹224 and each clay diya makes ₹7 profit. Meera has sold 32 clay diyas so far. Has the stall broken even yet? (a) No (b) Yes
31. 31.True or false: “saying thank you” is good customer service. (a) True (b) False
32. 32.True or false: someone who takes the business risk — that is what an entrepreneur does. (a) False (b) True
33. 33.🔍 Which is the odd one out? (a) staying curious (b) spending all the profit (c) trying small first (d) planning ahead
34. 34.It costs ₹27 to make one handmade card. On the last day Rohan sells it for only ₹17. How much is the loss on one (in ₹)?
35. 35.Which of these is a running cost? (a) lemons (b) a cooler box (c) a cloth banner (d) a juicer
36. 36.True or false: “clean, covered food” is good customer service. (a) False (b) True
37. 37.True or false: “owner owes the debts” is true of a company. (a) True (b) False
38. 38.Which of these is income (money in)? (a) paying the stall fee (b) a card order paid (c) buying paper cups (d) bus fare to the market
39. 39.📣 Is this stall message honest and clear, or misleading? “Price: ask me, it depends on you 😉” (a) honest and clear (b) misleading
40. 40.🎨 Good or poor logo idea: too many small details? (a) a good logo idea (b) a poor logo idea

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