Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 26 · 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.📋 Helpful or unhelpful research question: “Which flavour would you choose: lemon or mint?” (a) an unhelpful question (b) a helpful question
2. 2.📱 A 12-year-old wants to post about the stall online. What first? (a) share home address (b) post right away (c) ask a parent (d) ask a stranger
3. 3.Ishaan pays ₹220 for a table and a banner (fixed costs). Each paper bookmark sold makes ₹10 profit. How many must be sold to break even?
4. 4.Lakshmi makes 11 cups of lemonade at a cost of ₹31 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
5. 5.True or false: “You love my idea, right?” is an unhelpful research question. (a) False (b) True
6. 6.True or false: “easy to draw by hand” is a poor logo idea. (a) False (b) True
7. 7.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) reinvesting (c) spending
8. 8.🔍 Which is the odd one out? (a) it is a product (b) a new flavour each week (c) ready in five minutes (d) personalised with names
9. 9.🔍 Three of these are for the same customers. Which is the odd one out? (a) plant name labels (b) large-print calendars (c) newspaper reading aloud (d) video-call help
10. 10.📣 Is this stall message honest and clear, or misleading? “Plant saplings ₹25 — water twice a week” (a) misleading (b) honest and clear
11. 11.Meera’s record for a rainy day:
    Income: ₹160 (sales)
    Expense: ₹50 (paper cups)
    Expense: ₹120 (sugar)
    How much is the loss (in ₹)?
12. 12.True or false: “juniors find maths hard” is a solution idea. (a) True (b) False
13. 13.A stall’s fixed costs are ₹105 and each bag of popcorn makes ₹7 profit. Ishaan sells 20. What is the profit after paying the fixed costs (in ₹)?
14. 14.🔍 Which is the odd one out? (a) personalised with names (b) a new flavour each week (c) free name tags (d) we sell things
15. 15.Arjun’s record for the day:
    Income: ₹370 (morning sales)
    Income: ₹60 (evening sales)
    Expense: ₹40 (lemons)
    Expense: ₹170 (sugar)
    What is the profit (in ₹)?
16. 16.Meera’s stall took in ₹200 on Friday, ₹200 on Saturday and ₹220 on Sunday. What was the total income (in ₹)?
17. 17.🎪 School-fair stall plan: which comes first — make or buy the stock or put up the price board? (a) make or buy the stock (b) put up the price board
18. 18.Which of these is a helpful habit for an entrepreneur? (a) giving up after one try (b) never asking anyone (c) copying a rival exactly (d) asking customers
19. 19.True or false: someone who takes the business risk — that is what an employee does. (a) True (b) False
20. 20.Which of these is dishonest business? (a) a refund if it breaks (b) true photos of items (c) fake discount tags (d) clear prices for all
21. 21.🚀 Starting a business: which comes first — ask possible customers or see what bugs people? (a) ask possible customers (b) see what bugs people
22. 22.🗣️ A teammate made a mistake with the change. What helps most? (a) shout at them (b) fix it together calmly (c) tell everyone (d) leave the stall
23. 23.A stall’s fixed costs are ₹161 and each cup of lemonade makes ₹7 profit. Farhan has sold 24 cups of lemonade so far. Has the stall broken even yet? (a) No (b) Yes
24. 24.True or false: “Cures colds in one sip!” is honest and clear. (a) True (b) False
25. 25.🧾 Is it OK to say your cookies are “sugar-free” when they are not? (a) no, it is dishonest (b) yes, if it sells (c) yes, everyone does (d) only on weekends
26. 26.🔍 Which is the odd one out? (a) “Chai Corner” (b) “Qxzrt Plvv” (c) “Bright Bookmarks” (d) “Green Thumb Saplings”
27. 27.A small family shop borrows ₹200 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
28. 28.True or false: “a bigger TV” is a need. (a) True (b) False
29. 29.True or false: “owned by shareholders” is true of a sole trader. (a) False (b) True
30. 30.🤝 At a team stall, whose job is it? Someone pots the plants. (a) the cashier (b) the record keeper (c) the maker (d) the marketer
31. 31.🧴 Water bottles in class keep getting mixed up. Which idea solves it? (a) bottle name stickers (b) louder school bells (c) more homework (d) a kite stall
32. 32.📱 Grandparents find video calls confusing. Which idea helps? (a) a cricket coaching (b) a kite stall (c) phone help for elders (d) selling sweets
33. 33.🔒 What should NEVER go in a stall post? (a) what you sell (b) the stall name (c) the price (d) your home address
34. 34.🏢 Sole trader or company: owned by shareholders? (a) a company (b) a sole trader
35. 35.Vihaan asked 50 people about a card stall and 30% said yes. How many people said yes?
36. 36.Lakshmi asked 50 people about a craft stall and 2% said yes. How many people said yes?
37. 37.Diya has ₹300 to spend on rolls of ribbon. One roll of ribbon costs ₹15. What is the greatest number of rolls of ribbon Diya can buy?
38. 38.A batch of 20 bags of popcorn costs ₹120 to make. Dev sells all 20 at ₹12 each. What is the total profit on the batch (in ₹)?
39. 39.🎪 Your stall is at a school fair. Who are most of the visitors? (a) airline pilots (b) tourists (c) students and parents (d) farmers
40. 40.A batch of 25 cups of lemonade costs ₹300 to make. Saanvi sells all 25 at ₹15 each. What is the total profit on the batch (in ₹)?

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