Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 33 · 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.🔍 Which is the odd one out? (a) bottle name stickers (b) no healthy snack nearby (c) plants die in holidays (d) old books thrown away
2. 2.🔍 Which is the odd one out? (a) files the bills (b) checks the cash box (c) writes each sale down (d) adds up the costs
3. 3.True or false: “You love my idea, right?” is an unhelpful research question. (a) False (b) True
4. 4.True or false: “owned by shareholders” is true of a sole trader. (a) True (b) False
5. 5.True or false: “money spent to get it” is the cost price. (a) False (b) True
6. 6.Which of these is a need? (a) a glitter pen set (b) a warm blanket (c) a toy robot (d) a video game
7. 7.True or false: for puppet shows, young children are the target customers. (a) False (b) True
8. 8.Aarav pays ₹216 for a table and a banner (fixed costs). Each painted pebble sold makes ₹12 profit. How many must be sold to break even?
9. 9.☔ In the monsoon, which would sell best at a school gate? (a) umbrellas and raincoats (b) paper kites (c) woollen sweaters (d) ice lollies
10. 10.❓ Before building anything, what should you ask? (a) what is the logo? (b) who has this problem? (c) which colour is best? (d) how rich will I be?
11. 11.🚀 Starting a business: which comes first — keep records and review or fix what people disliked? (a) keep records and review (b) fix what people disliked
12. 12.🎯 What is a target customer? (a) your competitor (b) every person on Earth (c) only your best friend (d) the group you sell to
13. 13.To make 20 paper bookmarks, Lakshmi spends ₹150 on card paper, ₹20 on ribbon and ₹30 on stickers. What does one cost to make (in ₹)?
14. 14.True or false: “skipping the planning” is a helpful habit for an entrepreneur. (a) False (b) True
15. 15.Which of these is a helpful habit for an entrepreneur? (a) ignoring complaints (b) spending all the profit (c) blaming others (d) working with a team
16. 16.True or false: “it is a product” is a clear unique selling point. (a) True (b) False
17. 17.🗺️ How can you learn about your target customers? (a) guess at home (b) ask and watch them (c) ask nobody (d) copy a rival
18. 18.Riya pays ₹494 for a table and a banner (fixed costs). Each paper bookmark sold makes ₹13 profit. How many must be sold to break even?
19. 19.🎨 Good or poor logo idea: your own drawing? (a) a good logo idea (b) a poor logo idea
20. 20.Which of these is the cashier’s job? (a) makes the cards (b) adds up the costs (c) writes each sale down (d) checks the cash box
21. 21.True or false: “What would make you buy it again?” is a helpful research question. (a) False (b) True
22. 22.True or false: “Where do you buy bookmarks now?” is an unhelpful research question. (a) True (b) False
23. 23.True or false: “a sticky, messy table” is poor customer service. (a) False (b) True
24. 24.⭐ Is this a clear unique selling point (USP): “ready in five minutes”? (a) a clear USP (b) not a USP
25. 25.True or false: “plants die in holidays” is a solution idea. (a) True (b) False
26. 26.A small family shop borrows ₹300 from a bank at 7% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
27. 27.Zoya asked 24 classmates about a card stall. 13 said they would buy. How many said they would not?
28. 28.Which of these is true of a company? (a) simplest to start (b) owner owes the debts (c) one owner runs it (d) run by directors
29. 29.🎪 School-fair stall plan: which comes first — work out the profit or sell and give change? (a) work out the profit (b) sell and give change
30. 30.🧾 What belongs in the batch cost? (a) the selling price (b) your pocket money (c) only the cheapest one (d) every material used
31. 31.True or false: “pets alone all day” is a problem people have. (a) False (b) True
32. 32.Which product is mainly for school students? (a) plant name labels (b) timetable bookmarks (c) cloth toys for cats (d) video-call help
33. 33.True or false: “owner owes the debts” is true of a company. (a) True (b) False
34. 34.True or false: “what you paid for it” is the selling price. (a) False (b) True
35. 35.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
36. 36.A batch of 25 cupcakes costs ₹125 to make. Saanvi sells all 25 at ₹11 each. What is the total profit on the batch (in ₹)?
37. 37.🪧 What must a good poster say? (a) nothing clear (b) only the logo (c) a secret code (d) what, price, where, when
38. 38.True or false: “buying lemons” is income (money in). (a) False (b) True
39. 39.One potted plant costs ₹40 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
40. 40.🎨 Good or poor logo idea: too many small details? (a) a poor logo idea (b) a good logo idea

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