Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 34 · 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.Nisha asked 21 classmates about a craft stall. 15 said they would buy. How many said they would not?
2. 2.To make 10 fruit cups, Ishaan spends ₹55 on fruit, ₹25 on cups and ₹10 on spoons. What does one cost to make (in ₹)?
3. 3.Which of these is income (money in)? (a) paying the stall fee (b) bus fare to the market (c) a card order paid (d) printing posters
4. 4.🚀 Starting a business: which comes first — ask possible customers or see what bugs people? (a) ask possible customers (b) see what bugs people
5. 5.Which of these is honest business? (a) hiding a broken part (b) secret higher prices (c) true photos of items (d) fake discount tags
6. 6.🏷️ Good or poor business name: “Green Thumb Saplings”? (a) a good business name (b) a poor business name
7. 7.📆 Why repay a loan on time? (a) it does not matter (b) to keep trust (c) to pay more interest (d) to lose friends
8. 8.😊 Good or poor customer service: listening to complaints? (a) poor service (b) good service
9. 9.True or false: “cash from selling plants” is income (money in). (a) True (b) False
10. 10.Which product is mainly for elderly people? (a) dog-treat biscuits (b) plant name labels (c) homemade compost (d) large-print calendars
11. 11.A batch of 10 cupcakes costs ₹40 to make. Dev sells all 10 at ₹7 each. What is the total profit on the batch (in ₹)?
12. 12.Which of these is reinvesting in the business? (a) a piggy bank for later (b) a new video game (c) profit put in a bank (d) better paint for cards
13. 13.Which of these is an unsafe practice? (a) selling in a known place (b) covering food (c) hot oil near small kids (d) washing hands first
14. 14.One clay diya costs ₹45 to make and Kabir sells it for ₹54. What is the markup in percent?
15. 15.⚖️ Honest or dishonest business: secret higher prices? (a) dishonest (b) honest
16. 16.📋 What is market research? (a) counting your money (b) printing posters (c) making a logo (d) asking what buyers want
17. 17.🚀 Helpful or unhelpful for an entrepreneur: asking customers? (a) a helpful habit (b) an unhelpful habit
18. 18.📒 One-time cost or running cost: a folding table? (a) a one-time cost (b) a running cost
19. 19.🧭 Why not try to sell to everyone? (a) focus is a waste (b) it is easier to focus (c) everyone buys anyway (d) it is illegal
20. 20.📒 Why write down every sale and cost? (a) to know the real profit (b) no reason (c) to look busy (d) to fill a notebook
21. 21.📋 Helpful or unhelpful research question: “Do you like things?” (a) an unhelpful question (b) a helpful question
22. 22.Rohan asked 100 people about a bookmark stall and 46% said yes. How many people said yes?
23. 23.Which product is mainly for young children? (a) large-print calendars (b) pet-bowl cleaning (c) puppet shows (d) seedlings in pots
24. 24.🪙 Your customers are Class 3 kids. Which price suits them? (a) a pocket-money price (b) a very high price (c) a secret price (d) no fixed price
25. 25.🔁 Why use the same colours on posters and the stall? (a) it costs more (b) to confuse buyers (c) no reason (d) people recognise you
26. 26.True or false: “card paper” is a one-time cost. (a) True (b) False
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.🤝 At a team stall, whose job is it? Someone gives the change. (a) the record keeper (b) the marketer (c) the maker (d) the cashier
29. 29.📒 Income or expense: payment for a cake order? (a) income (b) expense
30. 30.True or false: “the price on your board” is the cost price. (a) False (b) True
31. 31.🔍 Which is the odd one out? (a) grabbing their spot (b) copying a rival’s logo (c) spreading rumours (d) friendlier service
32. 32.❄️ On a cold winter morning, which stall would most people want? (a) hot drinks (b) ice lollies (c) water guns (d) paper fans
33. 33.Which of these is a poor logo idea? (a) your own drawing (b) a blurry photo (c) clear at a small size (d) easy to draw by hand
34. 34.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) talk to parents (c) borrow online alone (d) take it secretly
35. 35.📊 Revenue or profit: all money from sales? (a) profit (b) revenue
36. 36.🔍 Which is the odd one out? (a) greeting with a smile (b) saying thank you (c) chatting on the phone (d) fixing mistakes quickly
37. 37.Which of these is good customer service? (a) a sticky, messy table (b) saying thank you (c) rude replies (d) counting change wrongly
38. 38.A small business selling painted pebbles had a revenue of ₹1300 and a profit of ₹670. What were its costs (in ₹)?
39. 39.True or false: “run by directors” is true of a sole trader. (a) True (b) False
40. 40.A stall’s fixed costs are ₹68. Each bag of popcorn costs ₹20 to make and sells for ₹24. How many must be sold to break even?

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