Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 19 · 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: “simplest to start” is true of a sole trader. (a) False (b) True
2. 2.A small family shop borrows ₹700 from a bank at 9% simple interest per year. How much interest is due after 1 year (in ₹)?
3. 3.True or false: “a cash box” is a running cost. (a) True (b) False
4. 4.😟 A customer says the lemonade is too sour. Best reply? (a) argue with them (b) say sorry, add sugar (c) laugh at them (d) ignore them
5. 5.Farhan pays ₹247 for a table and a banner (fixed costs). Each painted pebble sold makes ₹13 profit. How many must be sold to break even?
6. 6.⭐ Two stalls sell lemonade. What helps you stand out? (a) a higher price only (b) a rude sign (c) a unique selling point (d) a louder voice
7. 7.🪴 Plants in your colony dry up in the holidays. Which idea helps? (a) a chess club (b) plant-watering visits (c) a poster contest (d) plastic flowers
8. 8.🔍 Which is the odd one out? (a) hiding the prices (b) ignoring a customer (c) clean, covered food (d) rude replies
9. 9.Which of these is an unsafe practice? (a) selling in a known place (b) sharing your address (c) covering food (d) washing hands first
10. 10.🏷️ Good or poor business name: “Shop”? (a) a good business name (b) a poor business name
11. 11.One glass of chai costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
12. 12.🏷️ Good or poor business name: “Zzkkq Bites”? (a) a poor business name (b) a good business name
13. 13.🐷 Why save part of the profit? (a) saving is a loss (b) for bad days and goals (c) no reason (d) to waste it later
14. 14.Which of these is a problem people have? (a) maths help for juniors (b) a pet-sitting service (c) no healthy snack nearby (d) phone help for elders
15. 15.😊 Good or poor customer service: rude replies? (a) poor service (b) good service
16. 16.👔 Who does this — an entrepreneur or an employee? Someone who owns the business. (a) an entrepreneur (b) an employee
17. 17.Which of these is a safe practice? (a) hot oil near small kids (b) selling alone after dark (c) leaving cash lying out (d) an adult at the stove
18. 18.🎪 School-fair stall plan: which comes first — set up the stall or make or buy the stock? (a) set up the stall (b) make or buy the stock
19. 19.📋 Helpful or unhelpful research question: “What do you dislike about the snacks now?” (a) a helpful question (b) an unhelpful question
20. 20.It costs ₹30 to make one painted pebble. Ishaan sells it for ₹33. What is the profit on one (in ₹)?
21. 21.True or false: for seedlings in pots, school students are the target customers. (a) True (b) False
22. 22.Which of these is a helpful habit for an entrepreneur? (a) learning from mistakes (b) never asking anyone (c) giving up after one try (d) blaming others
23. 23.Farhan asked 50 people about a popcorn stall and 25 said yes. What percent said yes?
24. 24.🎨 Good or poor logo idea: two or three colours? (a) a poor logo idea (b) a good logo idea
25. 25.🔍 Which is the odd one out? (a) arguing with a buyer (b) greeting with a smile (c) serving friends first (d) chatting on the phone
26. 26.Which of these is good customer service? (a) dirty hands with food (b) chatting on the phone (c) giving correct change (d) ignoring a customer
27. 27.A batch of 10 potted plants costs ₹70 to make. Meera sells all 10 at ₹16 each. What is the total profit on the batch (in ₹)?
28. 28.🔍 Which is the odd one out? (a) ignoring complaints (b) spending all the profit (c) breaking promises (d) learning from mistakes
29. 29.👔 Who does this — an entrepreneur or an employee? Someone who follows the owner’s plan. (a) an entrepreneur (b) an employee
30. 30.🎨 Good or poor logo idea: your own drawing? (a) a good logo idea (b) a poor logo idea
31. 31.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
32. 32.Meera’s fair stall sells 33 cups of lemonade at ₹25 each. How much money comes in from sales (in ₹)?
33. 33.📖 Tutoring juniors: what should you check first? (a) you skip school (b) their parents agree (c) no one knows (d) the fee is huge
34. 34.Which of these is dishonest business? (a) correct change (b) a refund if it breaks (c) true photos of items (d) false health claims
35. 35.True or false: “What do you dislike about the snacks now?” is a helpful research question. (a) True (b) False
36. 36.Which product is mainly for elderly people? (a) homemade compost (b) cloth toys for cats (c) video-call help (d) timetable bookmarks
37. 37.Ananya has a budget of ₹1000. The stock costs ₹320 and the stall fee is ₹700. Is the budget enough? (a) Yes (b) No
38. 38.True or false: “money spent to get it” is the selling price. (a) False (b) True
39. 39.A stall’s fixed costs are ₹32. Each glass of chai costs ₹22 to make and sells for ₹26. How many must be sold to break even?
40. 40.True or false: someone who works for an employer — that is what an employee does. (a) False (b) True

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