Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 24 · 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.📝 When should you do market research? (a) before you spend money (b) after you close (c) only on holidays (d) never
2. 2.🐷 Saving, reinvesting or spending: better paint for cards? (a) spending (b) saving (c) reinvesting
3. 3.Which of these is honest business? (a) fake discount tags (b) a refund if it breaks (c) false health claims (d) hiding a broken part
4. 4.🛡️ What is a good way to lower a risk? (a) blame others (b) plan for it early (c) ignore it (d) hope for luck
5. 5.Which of these is an unsafe practice? (a) washing hands first (b) covering food (c) keeping cash in a box (d) visiting strangers alone
6. 6.Farhan asked 100 people about a lemonade stall and 46 said yes. What percent said yes?
7. 7.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
8. 8.A stall’s fixed costs are ₹52. Each cup of lemonade costs ₹25 to make and sells for ₹29. How many must be sold to break even?
9. 9.🔍 Which is the odd one out? (a) a cash box (b) paper cups (c) sugar (d) lemons
10. 10.Which of these is a fair way to compete? (a) a cleaner stall (b) spreading rumours (c) grabbing their spot (d) copying a rival’s logo
11. 11.Which of these is an expense (money out)? (a) money from sales (b) buying paper cups (c) a card order paid (d) cash from selling plants
12. 12.🛡️ Safe or unsafe for a kids’ business: washing hands first? (a) an unsafe practice (b) a safe practice
13. 13.👪 A teen wants to borrow for a business idea. First step? (a) borrow online alone (b) take it secretly (c) ask strangers (d) talk to parents
14. 14.Which of these is income (money in)? (a) cash from selling plants (b) bus fare to the market (c) buying paper cups (d) paying the stall fee
15. 15.🔁 Making a bigger batch usually makes each item… (a) much costlier (b) free (c) a little cheaper (d) always the same
16. 16.Which of these is saving? (a) more seeds for next time (b) profit put in a bank (c) a new video game (d) buying a second juicer
17. 17.True or false: “What colour is your phone?” is a helpful research question. (a) False (b) True
18. 18.A stall’s fixed costs are ₹60 and each handmade card makes ₹3 profit. Meera has sold 23 handmade cards so far. Has the stall broken even yet? (a) No (b) Yes
19. 19.Vihaan’s stall made a profit of ₹900. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
20. 20.True or false: “Where do you buy bookmarks now?” is an unhelpful research question. (a) False (b) True
21. 21.Which product is mainly for gardeners? (a) video-call help (b) cloth toys for cats (c) seedlings in pots (d) exam revision cards
22. 22.Lakshmi plans to make 13 handmade cards. Each needs ₹9 of materials, and a banner costs ₹280 once. What total budget is needed (in ₹)?
23. 23.In Ananya’s class vote, a plant sale got 27 votes and a bookmark stall got 26 votes. Which idea got more votes? (a) a bookmark stall (b) a plant sale
24. 24.Which of these is reinvesting in the business? (a) a new video game (b) sweets for yourself (c) more seeds for next time (d) a piggy bank for later
25. 25.A stall’s fixed costs are ₹75 and each handmade card makes ₹5 profit. Joseph sells 20. What is the profit after paying the fixed costs (in ₹)?
26. 26.Aarav’s fair stall sells 39 jute bags at ₹20 each. How much money comes in from sales (in ₹)?
27. 27.A batch of 20 cupcakes costs ₹200 to make. Vihaan sells each one for ₹11. What is the profit on each one (in ₹)?
28. 28.One potted plant costs ₹38 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
29. 29.🐷 Saving, reinvesting or spending: a new video game? (a) reinvesting (b) spending (c) saving
30. 30.🧾 What belongs in the batch cost? (a) your pocket money (b) only the cheapest one (c) every material used (d) the selling price
31. 31.🔍 Which is the odd one out? (a) a plant-watering service (b) bottle name stickers (c) a used-book swap stall (d) elders find phones hard
32. 32.True or false: “saying thank you” is poor customer service. (a) False (b) True
33. 33.🔁 Why use the same colours on posters and the stall? (a) no reason (b) people recognise you (c) to confuse buyers (d) it costs more
34. 34.True or false: “a short video post” is social media. (a) False (b) True
35. 35.A stall’s fixed costs are ₹300 and each cupcake makes ₹15 profit. Riya sells 27. What is the profit after paying the fixed costs (in ₹)?
36. 36.Which of these is poor customer service? (a) a sticky, messy table (b) fixing mistakes quickly (c) a tidy stall table (d) giving correct change
37. 37.🔍 Which is the odd one out? (a) a short video post (b) a sign at the stall (c) a notice-board sheet (d) a flyer in the lift
38. 38.True or false: “a new flavour each week” is not a unique selling point. (a) False (b) True
39. 39.🔢 Asking 30 people or 3 people — which tells you more? (a) 3 people (b) neither (c) both the same (d) 30 people
40. 40.One friendship band costs Riya ₹27 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit

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