Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 31 · 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.🚀 Starting a business: which comes first — count profit and learn or ask possible customers? (a) count profit and learn (b) ask possible customers
2. 2.🛒 A family has little money. What should it buy first? (a) the wants (b) the costliest thing (c) the most fun thing (d) the needs
3. 3.Ananya’s stall made a profit of ₹1900. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
4. 4.🔍 Which is the odd one out? (a) sharing your address (b) a parent knows the plan (c) visiting strangers alone (d) hot oil near small kids
5. 5.🧍 Three people are waiting. What is good service? (a) take a break (b) make them leave (c) serve friends first (d) serve them in turn
6. 6.🙋 Why is “You love my idea, right?” a poor research question? (a) it has a question mark (b) it pushes for a yes (c) it is too polite (d) it is too short
7. 7.True or false: “medicine when ill” is a want. (a) True (b) False
8. 8.🏷️ What is a brand? (a) your cash box (b) a type of loan (c) your stall table (d) how people know you
9. 9.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
10. 10.⚖️ “Break-even” means… (a) you borrowed money (b) sales = all costs (c) profit is huge (d) you stopped selling
11. 11.A batch of 20 paper bookmarks costs ₹180 to make. What does one cost to make (in ₹)?
12. 12.📝 When should you do market research? (a) before you spend money (b) after you close (c) never (d) only on holidays
13. 13.🔍 Which is the odd one out? (a) elders find phones hard (b) phone help for elders (c) water bottles get lost (d) juniors find maths hard
14. 14.🔍 Which is the odd one out? (a) personalised with names (b) ready in five minutes (c) it has a price (d) delivered to your door
15. 15.Which of these is not a unique selling point? (a) a sugar-free recipe (b) free name tags (c) it has a price (d) ready in five minutes
16. 16.Which of these is dishonest business? (a) correct change (b) clear prices for all (c) secret higher prices (d) a refund if it breaks
17. 17.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
18. 18.🔎 Is this a problem or a solution idea: “water bottles get lost”? (a) a problem (b) a solution idea
19. 19.😊 Good or poor customer service: saying thank you? (a) good service (b) poor service
20. 20.Kavya pays ₹84 for a table and a banner (fixed costs). Each clay diya sold makes ₹3 profit. How many must be sold to break even?
21. 21.A batch of 25 cups of lemonade costs ₹150 to make. Riya sells each one for ₹15. What is the profit on each one (in ₹)?
22. 22.🔍 Which is the odd one out? (a) “Bright Bookmarks” (b) “The Losers’ Stall” (c) “Shop” (d) “Qxzrt Plvv”
23. 23.🚀 Starting a business: which comes first — fix what people disliked or spot a problem? (a) fix what people disliked (b) spot a problem
24. 24.🧾 What belongs in the batch cost? (a) every material used (b) your pocket money (c) only the cheapest one (d) the selling price
25. 25.🛒 Need or want: a school uniform? (a) a need (b) a want
26. 26.📒 Income or expense: cash from selling plants? (a) income (b) expense
27. 27.🧪 Why make a small test batch before a big launch? (a) to waste money (b) to look busy (c) to learn cheaply (d) it is a rule
28. 28.Which of these is a problem people have? (a) maths help for juniors (b) a shade-cloth project (c) elders find phones hard (d) phone help for elders
29. 29.🎪 School-fair stall plan: which comes first — work out the profit or prepare the items? (a) work out the profit (b) prepare the items
30. 30.Which of these is true of a company? (a) owner owes the debts (b) owners’ risk is limited (c) owner keeps all profit (d) one owner runs it
31. 31.Which of these is the cashier’s job? (a) takes the money (b) makes the cards (c) pots the plants (d) designs the poster
32. 32.True or false: for homemade compost, gardeners are the target customers. (a) False (b) True
33. 33.True or false: for cloth toys for cats, young children are the target customers. (a) False (b) True
34. 34.True or false: for cloth toys for cats, pet owners are the target customers. (a) True (b) False
35. 35.🔍 Which is the odd one out? (a) “Chai Corner” (b) “The Losers’ Stall” (c) “Stuff and More Stuff” (d) “Zzkkq Bites”
36. 36.Which of these is income (money in)? (a) bus fare to the market (b) buying paper cups (c) buying lemons (d) money from sales
37. 37.📒 One-time cost or running cost: seeds and soil? (a) a one-time cost (b) a running cost
38. 38.🎯 A want can still be a good business when… (a) it is not safe (b) many people want it (c) it breaks the rules (d) nobody likes it
39. 39.📋 Helpful or unhelpful research question: “Which flavour would you choose: lemon or mint?” (a) an unhelpful question (b) a helpful question
40. 40.A batch of 50 cups of lemonade costs ₹150 to make. Aarav sells all 50 at ₹11 each. What is the total profit on the batch (in ₹)?

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