Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 30 · 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.True or false: “it has a price” is not a unique selling point. (a) True (b) False
2. 2.🔍 Which is the odd one out? (a) giving up after one try (b) being honest (c) never asking anyone (d) spending all the profit
3. 3.📋 Helpful or unhelpful research question: “Would you buy this at the school fair?” (a) an unhelpful question (b) a helpful question
4. 4.True or false: “clear at a small size” is a poor logo idea. (a) False (b) True
5. 5.🔍 Which is the odd one out? (a) rice and dal (b) soap (c) medicine when ill (d) a video game
6. 6.🎯 Who is the main target customer for colouring sheets? (a) school students (b) elderly people (c) pet owners (d) young children
7. 7.🧾 A fixed cost is one that… (a) is always zero (b) is not paid per item (c) grows with each item (d) is paid by customers
8. 8.Aarav has a budget of ₹600. The stock costs ₹170 and the stall fee is ₹480. Is the budget enough? (a) No (b) Yes
9. 9.A stall’s fixed costs are ₹264 and each handmade card makes ₹11 profit. Meera sells 44. What is the profit after paying the fixed costs (in ₹)?
10. 10.📝 Before any kids’ business, what comes first? (a) printing posters (b) buying stock (c) parents’ permission (d) taking a loan
11. 11.Which of these is true of a sole trader? (a) owned by shareholders (b) owners’ risk is limited (c) a separate legal body (d) one owner runs it
12. 12.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
13. 13.🪴 Plant sale: what should you check first? (a) a long name (b) a TV advert (c) the plants are healthy (d) the pots are gold
14. 14.✍️ A good business name is… (a) short and easy to say (b) rude (c) very long (d) impossible to spell
15. 15.🚀 Starting a business: which comes first — count profit and learn or open the stall for all? (a) count profit and learn (b) open the stall for all
16. 16.🔍 Which is the odd one out? (a) soap (b) sweets every day (c) school shoes (d) bus fare to school
17. 17.🔍 Three of these are for the same customers. Which is the odd one out? (a) colouring sheets (b) cloth toys for cats (c) pet-bowl cleaning (d) dog-treat biscuits
18. 18.A small business sells 59 fruit cups at ₹15 each. Its costs are ₹820. What is its profit (in ₹)?
19. 19.⚖️ Honest or dishonest business: made-up reviews? (a) dishonest (b) honest
20. 20.Which of these is a need? (a) a fancy phone cover (b) a warm blanket (c) a video game (d) a glitter pen set
21. 21.Which of these is word of mouth? (a) a chart by the gate (b) a post on a family page (c) a friend tells a friend (d) a sign at the stall
22. 22.Diya asked 20 people about a popcorn stall and 18 said yes. What percent said yes?
23. 23.⚖️ “Break-even” means… (a) sales = all costs (b) profit is huge (c) you stopped selling (d) you borrowed money
24. 24.🛒 Need or want: a video game? (a) a want (b) a need
25. 25.🔍 Which is the odd one out? (a) maths help for juniors (b) a pet-sitting service (c) a shade-cloth project (d) plants die in holidays
26. 26.A stall’s fixed costs are ₹144 and each fruit cup makes ₹9 profit. Riya has sold 19 fruit cups so far. Has the stall broken even yet? (a) Yes (b) No
27. 27.📆 Why repay a loan on time? (a) it does not matter (b) to keep trust (c) to pay more interest (d) to lose friends
28. 28.Which of these is not a unique selling point? (a) we sell things (b) made from waste paper (c) ready in five minutes (d) free name tags
29. 29.🔎 Is this a problem or a solution idea: “a fruit-cup stall”? (a) a problem (b) a solution idea
30. 30.Kavya’s fair stall sells 37 painted pebbles at ₹10 each. How much money comes in from sales (in ₹)?
31. 31.🧍 Three people are waiting. What is good service? (a) serve friends first (b) make them leave (c) take a break (d) serve them in turn
32. 32.💰 You gave ₹5 too little change by mistake. What do you do? (a) blame the buyer (b) keep it quietly (c) give it back, say sorry (d) close the stall
33. 33.Which of these is saving? (a) better paint for cards (b) a piggy bank for later (c) a cinema ticket (d) a new video game
34. 34.Ishaan’s stall took in ₹90 on Friday, ₹390 on Saturday and ₹270 on Sunday. What was the total income (in ₹)?
35. 35.True or false: “ice” is a one-time cost. (a) True (b) False
36. 36.Which of these is income (money in)? (a) buying lemons (b) paying the stall fee (c) tutoring fees received (d) bus fare to the market
37. 37.🎯 Who is the main target customer for homemade compost? (a) school students (b) pet owners (c) gardeners (d) young children
38. 38.🔍 Which is the odd one out? (a) makes the cards (b) packs the snacks (c) files the bills (d) pots the plants
39. 39.🔍 Which is the odd one out? (a) gives the change (b) packs the snacks (c) pots the plants (d) makes the cards
40. 40.📋 Helpful or unhelpful research question: “Do you agree my stall will be famous?” (a) a helpful question (b) an unhelpful question

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids