Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 18 · 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.📅 How should a team share out the profit? (a) the loudest takes all (b) a secret way (c) as agreed beforehand (d) nobody gets any
2. 2.🗺️ How can you learn about your target customers? (a) guess at home (b) copy a rival (c) ask and watch them (d) ask nobody
3. 3.🧾 What belongs in the batch cost? (a) only the cheapest one (b) your pocket money (c) every material used (d) the selling price
4. 4.Tara asked 25 people about a lemonade stall and 68% said yes. How many people said yes?
5. 5.🛡️ Safe or unsafe for a kids’ business: a parent knows the plan? (a) an unsafe practice (b) a safe practice
6. 6.Which of these is a solution idea? (a) no shade at the bus stop (b) juniors find maths hard (c) a plant-watering service (d) old books thrown away
7. 7.🔍 Which is the odd one out? (a) it is a product (b) it has a price (c) we sell things (d) a sugar-free recipe
8. 8.🚀 Helpful or unhelpful for an entrepreneur: blaming others? (a) a helpful habit (b) an unhelpful habit
9. 9.😊 Good or poor customer service: ignoring a customer? (a) poor service (b) good service
10. 10.📝 When should you do market research? (a) after you close (b) only on holidays (c) never (d) before you spend money
11. 11.🔍 Three of these are for the same customers. Which is the odd one out? (a) cloth toys for cats (b) pet-bowl cleaning (c) dog-treat biscuits (d) colouring sheets
12. 12.🔍 Which is the odd one out? (a) plants die in holidays (b) phone help for elders (c) no healthy snack nearby (d) old books thrown away
13. 13.True or false: “the price you sell at” is the selling price. (a) True (b) False
14. 14.Tara pays ₹70 for a table and a banner (fixed costs). Each clay diya sold makes ₹5 profit. How many must be sold to break even?
15. 15.Tara’s fair stall sells 11 fruit cups at ₹15 each. How much money comes in from sales (in ₹)?
16. 16.🏷️ Good or poor business name: “Sunny Sips”? (a) a good business name (b) a poor business name
17. 17.💸 Why is spending all your savings on stock risky? (a) it always sells (b) stock is free (c) it may not sell (d) savings grow
18. 18.🎨 Selling handmade crafts: what should you check first? (a) a famous logo (b) a huge loan (c) cost of the materials (d) the rival’s address
19. 19.🔍 Which is the odd one out? (a) gives the change (b) takes the money (c) designs the poster (d) checks the cash box
20. 20.⚖️ “Break-even” means… (a) profit is huge (b) you borrowed money (c) sales = all costs (d) you stopped selling
21. 21.🔍 Which is the odd one out? (a) giving up after one try (b) learning from mistakes (c) asking customers (d) planning ahead
22. 22.🎨 Good or poor logo idea: easy to draw by hand? (a) a poor logo idea (b) a good logo idea
23. 23.True or false: “Cures colds in one sip!” is honest and clear. (a) False (b) True
24. 24.🔁 Making a bigger batch usually makes each item… (a) much costlier (b) free (c) always the same (d) a little cheaper
25. 25.Rohan’s stall made a profit of ₹1900. Rohan saves 20% of it. How many rupees are saved?
26. 26.True or false: “Fresh lemonade, ₹10 a cup, Stall 4” is misleading. (a) True (b) False
27. 27.Which product is mainly for gardeners? (a) homemade compost (b) pet-bowl cleaning (c) balloon animals (d) cloth toys for cats
28. 28.Aarav’s record for a rainy day:
    Income: ₹280 (sales)
    Expense: ₹170 (card paper)
    Expense: ₹150 (lemons)
    How much is the loss (in ₹)?
29. 29.Which of these is a poor business name? (a) “Shop” (b) “Bright Bookmarks” (c) “Maths Buddies” (d) “Green Thumb Saplings”
30. 30.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting
31. 31.🚀 Which step of starting a business is this: try out a sample? (a) step 6 (b) step 1 (c) step 4 (d) step 5
32. 32.To make 20 paper bookmarks, Kabir spends ₹70 on card paper, ₹60 on ribbon and ₹50 on stickers. What does one cost to make (in ₹)?
33. 33.📝 A customer has an idea to improve your cards. You should… (a) argue (b) thank them and note it (c) ignore it (d) tell them to go
34. 34.📋 Helpful or unhelpful research question: “Do you like things?” (a) an unhelpful question (b) a helpful question
35. 35.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
36. 36.👥 Whom should you ask about a snack for Class 6? (a) a shopkeeper far away (b) only your parents (c) only yourself (d) Class 6 students
37. 37.To make 50 cupcakes, Kabir spends ₹135 on flour, ₹155 on butter and ₹60 on paper cases. What does one cost to make (in ₹)?
38. 38.🔍 Which is the odd one out? (a) card paper (b) seeds and soil (c) a juicer (d) ice
39. 39.🛡️ Safe or unsafe for a kids’ business: selling alone after dark? (a) a safe practice (b) an unsafe practice
40. 40.🚀 Starting a business: which comes first — improve from feedback or launch the business? (a) improve from feedback (b) launch the business

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