Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 29 · 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.🔎 Is this a problem or a solution idea: “a plant-watering service”? (a) a problem (b) a solution idea
2. 2.📒 Income or expense: payment for a cake order? (a) expense (b) income
3. 3.🛒 Need or want: a toy robot? (a) a want (b) a need
4. 4.Kavya’s fair stall pays a ₹60 stall fee and ₹580 for materials, and sells each potted plant for ₹20. How many must be sold to cover all the costs?
5. 5.Which product is mainly for young children? (a) timetable bookmarks (b) newspaper reading aloud (c) plant name labels (d) colouring sheets
6. 6.One handmade card costs Riya ₹44 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
7. 7.Which product is mainly for elderly people? (a) cloth toys for cats (b) exam revision cards (c) plant name labels (d) video-call help
8. 8.🏪 Fair or unfair way to compete: breaking their sign? (a) a fair way to compete (b) an unfair way
9. 9.True or false: for video-call help, pet owners are the target customers. (a) False (b) True
10. 10.📊 Revenue or profit: all money from sales? (a) revenue (b) profit
11. 11.🛒 A family has little money. What should it buy first? (a) the wants (b) the costliest thing (c) the needs (d) the most fun thing
12. 12.🌧️ Your plant stall is outdoors. What is a risk? (a) a nice logo (b) clear prices (c) rain on sale day (d) too many buyers
13. 13.Which of these is an unfair way to compete? (a) copying a rival’s logo (b) a cleaner stall (c) a new flavour (d) faster service
14. 14.🔎 Is this a problem or a solution idea: “plants die in holidays”? (a) a solution idea (b) a problem
15. 15.One friendship band costs Aarav ₹16 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
16. 16.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) spending (b) reinvesting (c) saving
17. 17.🪙 Your customers are Class 3 kids. Which price suits them? (a) a very high price (b) no fixed price (c) a pocket-money price (d) a secret price
18. 18.True or false: “a sticky, messy table” is poor customer service. (a) False (b) True
19. 19.Arjun’s stall made a profit of ₹300. Arjun saves 20% of it. How many rupees are saved?
20. 20.Arjun’s fair stall pays a ₹20 stall fee and ₹260 for materials. It sells 27 friendship bands at ₹20 each. What is the profit (in ₹)?
21. 21.Which of these is a problem people have? (a) old books thrown away (b) a shade-cloth project (c) a plant-watering service (d) a fruit-cup stall
22. 22.A small business sells 42 handmade cards at ₹15 each. What is its revenue (in ₹)?
23. 23.🎪 School-fair stall plan: which comes first — set up the stall or make a budget? (a) set up the stall (b) make a budget
24. 24.🏢 Sole trader or company: run by directors? (a) a company (b) a sole trader
25. 25.Which of these is an expense (money out)? (a) a card order paid (b) money from sales (c) cash from selling plants (d) bus fare to the market
26. 26.Which product is mainly for pet owners? (a) timetable bookmarks (b) cloth toys for cats (c) homemade compost (d) large-print calendars
27. 27.👔 Who does this — an entrepreneur or an employee? Someone who follows the owner’s plan. (a) an employee (b) an entrepreneur
28. 28.Which product is mainly for school students? (a) homemade compost (b) puppet shows (c) timetable bookmarks (d) newspaper reading aloud
29. 29.❓ Before building anything, what should you ask? (a) who has this problem? (b) what is the logo? (c) which colour is best? (d) how rich will I be?
30. 30.🔍 Which is the odd one out? (a) a cleaner stall (b) lying about a rival (c) copying a rival’s logo (d) spreading rumours
31. 31.📱 Grandparents find video calls confusing. Which idea helps? (a) selling sweets (b) phone help for elders (c) a cricket coaching (d) a kite stall
32. 32.Which of these is true of a company? (a) owner keeps all profit (b) one owner runs it (c) owner owes the debts (d) owners’ risk is limited
33. 33.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
34. 34.Kabir plans to make 28 glasses of chai. Each needs ₹10 of materials, and a banner costs ₹110 once. What total budget is needed (in ₹)?
35. 35.Which of these is an unsafe practice? (a) keeping cash in a box (b) selling in a known place (c) visiting strangers alone (d) washing hands first
36. 36.🎉 After the break-even point, each extra item sold… (a) is free (b) adds loss (c) changes nothing (d) adds profit
37. 37.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
38. 38.True or false: “What do you dislike about the snacks now?” is an unhelpful research question. (a) False (b) True
39. 39.🎪 School-fair stall plan: which comes first — get permission first or make a budget? (a) get permission first (b) make a budget
40. 40.🔍 Which is the odd one out? (a) a tidy stall table (b) saying thank you (c) serving friends first (d) fixing mistakes quickly

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