Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 22 · 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.Which of these is a want? (a) a warm blanket (b) a third pair of shoes (c) drinking water (d) a school uniform
2. 2.🔁 Why use the same colours on posters and the stall? (a) no reason (b) to confuse buyers (c) people recognise you (d) it costs more
3. 3.🏪 Fair or unfair way to compete: posting fake reviews? (a) a fair way to compete (b) an unfair way
4. 4.🍋 Lemonade stall: what should you check first? (a) clean water, clean hands (b) the logo colour (c) a big loan (d) how famous it is
5. 5.One cup of lemonade costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
6. 6.🔍 Which is the odd one out? (a) counting change wrongly (b) serving friends first (c) rude replies (d) a tidy stall table
7. 7.One fruit cup costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
8. 8.📒 Income or expense: payment for a cake order? (a) income (b) expense
9. 9.Which of these is a safe practice? (a) knives with no adult (b) an adult at the stove (c) visiting strangers alone (d) sharing your address
10. 10.True or false: “learning from mistakes” is a helpful habit for an entrepreneur. (a) False (b) True
11. 11.🔁 Making a bigger batch usually makes each item… (a) free (b) always the same (c) a little cheaper (d) much costlier
12. 12.🧾 Is it OK to say your cookies are “sugar-free” when they are not? (a) yes, if it sells (b) no, it is dishonest (c) yes, everyone does (d) only on weekends
13. 13.Which of these is a want? (a) sweets every day (b) medicine when ill (c) a warm blanket (d) soap
14. 14.🚀 Helpful or unhelpful for an entrepreneur: breaking promises? (a) a helpful habit (b) an unhelpful habit
15. 15.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
16. 16.🎯 Who is the main target customer for exam revision cards? (a) school students (b) pet owners (c) young children (d) gardeners
17. 17.It costs ₹31 to make one handmade card. On the last day Ishaan sells it for only ₹30. How much is the loss on one (in ₹)?
18. 18.📣 Which kind of marketing is this: chat at the bus stop? (a) social media (b) word of mouth (c) a poster
19. 19.⭐ Is this a clear unique selling point (USP): “a sugar-free recipe”? (a) a clear USP (b) not a USP
20. 20.🗣️ Testers say your cupcakes are too sweet. What is the next step? (a) raise the price (b) stop listening (c) improve the recipe (d) launch it as it is
21. 21.Which of these is the record keeper’s job? (a) adds up the costs (b) takes the money (c) gives the change (d) calls out the offers
22. 22.🔍 Which is the odd one out? (a) medicine when ill (b) a fancy phone cover (c) a school uniform (d) bus fare to school
23. 23.One clay diya costs ₹29 to make. Meera wants a profit of ₹14 on each. What should the selling price be (in ₹)?
24. 24.🚀 Which step of starting a business is this: think of an idea? (a) step 2 (b) step 6 (c) step 3 (d) step 1
25. 25.☔ In the monsoon, which would sell best at a school gate? (a) paper kites (b) ice lollies (c) woollen sweaters (d) umbrellas and raincoats
26. 26.One bag of popcorn costs ₹40 to make and Rohan sells it for ₹44. What is the markup in percent?
27. 27.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) spending (c) saving
28. 28.🧾 What belongs in the batch cost? (a) every material used (b) your pocket money (c) only the cheapest one (d) the selling price
29. 29.👔 Who does this — an entrepreneur or an employee? Someone who starts a new business. (a) an entrepreneur (b) an employee
30. 30.Which of these is a one-time cost? (a) seeds and soil (b) card paper (c) paper cups (d) a juicer
31. 31.🙋 Why is “You love my idea, right?” a poor research question? (a) it is too polite (b) it has a question mark (c) it is too short (d) it pushes for a yes
32. 32.📝 A customer has an idea to improve your cards. You should… (a) argue (b) thank them and note it (c) tell them to go (d) ignore it
33. 33.🔍 Which is the odd one out? (a) a chart by the gate (b) a flyer in the lift (c) a buyer tells her cousin (d) a sign at the stall
34. 34.🛡️ Safe or unsafe for a kids’ business: covering food? (a) an unsafe practice (b) a safe practice
35. 35.🏢 Sole trader or company: owner keeps all profit? (a) a company (b) a sole trader
36. 36.True or false: “what you paid for it” is the cost price. (a) False (b) True
37. 37.🔎 Is this a problem or a solution idea: “phone help for elders”? (a) a problem (b) a solution idea
38. 38.Which of these is true of a sole trader? (a) owned by shareholders (b) a separate legal body (c) run by directors (d) owner keeps all profit
39. 39.One bag of popcorn costs ₹39 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
40. 40.🔍 Which is the odd one out? (a) a fruit-cup stall (b) phone help for elders (c) a used-book swap stall (d) old books thrown away

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