Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 28 · 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.🔢 Asking 30 people or 3 people — which tells you more? (a) 30 people (b) 3 people (c) both the same (d) neither
2. 2.Saanvi’s income was ₹300 and the profit was ₹50. One expense was ₹180 (paper cups). How much was the other expense, for ribbon (in ₹)?
3. 3.Which of these is saving? (a) a new video game (b) profit put in a bank (c) more seeds for next time (d) sweets for yourself
4. 4.A stall’s fixed costs are ₹231. Each painted pebble costs ₹7 to make and sells for ₹14. How many must be sold to break even?
5. 5.It costs ₹23 to make one clay diya. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
6. 6.True or false: “the price on your board” is the selling price. (a) False (b) True
7. 7.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) saving (c) spending
8. 8.🧪 Why make a small test batch before a big launch? (a) it is a rule (b) to look busy (c) to learn cheaply (d) to waste money
9. 9.Which of these is income (money in)? (a) paying the stall fee (b) printing posters (c) bus fare to the market (d) money from sales
10. 10.📋 What is market research? (a) counting your money (b) asking what buyers want (c) making a logo (d) printing posters
11. 11.🔁 Idea → test → launch: why this order? (a) less risk of loss (b) it is faster to lose (c) no reason (d) it looks nice
12. 12.🎪 School-fair stall plan: which comes first — prepare the items or pick one simple product? (a) prepare the items (b) pick one simple product
13. 13.🎪 School-fair stall plan: which comes first — choose what to sell or prepare the items? (a) choose what to sell (b) prepare the items
14. 14.Arjun’s stall made a profit of ₹1400. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
15. 15.🔍 Three of these are for the same customers. Which is the odd one out? (a) exam revision cards (b) notebook covering (c) timetable bookmarks (d) plant name labels
16. 16.🚀 Starting a business: which comes first — do a quick survey or think of an idea? (a) do a quick survey (b) think of an idea
17. 17.Which of these is an unhelpful habit for an entrepreneur? (a) learning from mistakes (b) keeping promises (c) spotting problems (d) giving up after one try
18. 18.One bag of popcorn costs ₹20 to make and Farhan sells it for ₹25. What is the markup in percent?
19. 19.🏢 Sole trader or company: one owner runs it? (a) a company (b) a sole trader
20. 20.Which of these is a poor business name? (a) “Green Thumb Saplings” (b) “Maths Buddies” (c) “The Losers’ Stall” (d) “Bright Bookmarks”
21. 21.🍋 Lemonade stall: what should you check first? (a) the logo colour (b) a big loan (c) how famous it is (d) clean water, clean hands
22. 22.🎪 School-fair stall plan: which comes first — serve customers or make a budget? (a) serve customers (b) make a budget
23. 23.Which product is mainly for young children? (a) exam revision cards (b) seedlings in pots (c) balloon animals (d) large-print calendars
24. 24.True or false: for plant name labels, young children are the target customers. (a) False (b) True
25. 25.Which of these is a solution idea? (a) water bottles get lost (b) maths help for juniors (c) no shade at the bus stop (d) pets alone all day
26. 26.One glass of chai costs ₹55 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
27. 27.🔍 Which is the odd one out? (a) no shade at the bus stop (b) a used-book swap stall (c) plants die in holidays (d) water bottles get lost
28. 28.❄️ On a cold winter morning, which stall would most people want? (a) paper fans (b) ice lollies (c) hot drinks (d) water guns
29. 29.😊 Good or poor customer service: clean, covered food? (a) good service (b) poor service
30. 30.Which of these is true of a sole trader? (a) owned by shareholders (b) a separate legal body (c) owner owes the debts (d) run by directors
31. 31.A stall’s fixed costs are ₹27 and each painted pebble makes ₹3 profit. Ananya sells 28. What is the profit after paying the fixed costs (in ₹)?
32. 32.One fruit cup costs ₹56 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
33. 33.🔍 Which is the odd one out? (a) designer sunglasses (b) a fancy phone cover (c) a bigger TV (d) drinking water
34. 34.True or false: “a pet-sitting service” is a solution idea. (a) False (b) True
35. 35.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
36. 36.🛡️ Safe or unsafe for a kids’ business: selling in a known place? (a) a safe practice (b) an unsafe practice
37. 37.🗣️ Testers say your cupcakes are too sweet. What is the next step? (a) launch it as it is (b) improve the recipe (c) raise the price (d) stop listening
38. 38.🎨 Selling handmade crafts: what should you check first? (a) cost of the materials (b) the rival’s address (c) a huge loan (d) a famous logo
39. 39.🏷️ What is a brand? (a) a type of loan (b) how people know you (c) your cash box (d) your stall table
40. 40.⚖️ Honest or dishonest business: clear prices for all? (a) dishonest (b) honest

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