Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 36 · 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: “Do you agree my stall will be famous?” is an unhelpful research question. (a) True (b) False
2. 2.Which of these is a clear unique selling point? (a) a sugar-free recipe (b) we have a table (c) same as every stall (d) it is a product
3. 3.Dev pays ₹32 for a table and a banner (fixed costs). Each fruit cup sold makes ₹4 profit. How many must be sold to break even?
4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
5. 5.Which of these is a need? (a) a sticker album (b) a glitter pen set (c) medicine when ill (d) a bigger TV
6. 6.A batch of 10 cupcakes costs ₹80 to make. What does one cost to make (in ₹)?
7. 7.Diya has ₹310 to spend on packets of seeds. One packet of seeds costs ₹4. What is the greatest number of packets of seeds Diya can buy?
8. 8.📊 Revenue or profit: all money from sales? (a) revenue (b) profit
9. 9.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) take it secretly (c) talk to parents (d) borrow online alone
10. 10.Which of these is a fair way to compete? (a) spreading rumours (b) breaking their sign (c) friendlier service (d) lying about a rival
11. 11.Vihaan’s income was ₹120 and the profit was ₹100. One expense was ₹10 (lemons). How much was the other expense, for paper cups (in ₹)?
12. 12.True or false: “clean, covered food” is poor customer service. (a) False (b) True
13. 13.A small business sells 41 friendship bands at ₹20 each. Its costs are ₹700. What is its profit (in ₹)?
14. 14.True or false: “ready in five minutes” is not a unique selling point. (a) False (b) True
15. 15.Arjun asked 50 people about maths help for juniors and 64% said yes. How many people said yes?
16. 16.🔍 Which is the odd one out? (a) a pet-sitting service (b) no shade at the bus stop (c) a plant-watering service (d) a used-book swap stall
17. 17.True or false: for exam revision cards, school students are the target customers. (a) True (b) False
18. 18.Which of these is a want? (a) a toy robot (b) drinking water (c) soap (d) bus fare to school
19. 19.True or false: “Where do you buy bookmarks now?” is a helpful research question. (a) True (b) False
20. 20.🔎 Is this a problem or a solution idea: “water bottles get lost”? (a) a solution idea (b) a problem
21. 21.Which of these is not a unique selling point? (a) ready in five minutes (b) free name tags (c) we sell things (d) a sugar-free recipe
22. 22.True or false: someone who is paid by the owner — that is what an entrepreneur does. (a) True (b) False
23. 23.🏢 Sole trader or company: run by directors? (a) a sole trader (b) a company
24. 24.🚀 Which step of starting a business is this: brainstorm solutions? (a) step 2 (b) step 3 (c) step 6 (d) step 5
25. 25.One glass of chai costs ₹20 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
26. 26.🚀 Starting a business: which comes first — open the stall for all or keep records and review? (a) open the stall for all (b) keep records and review
27. 27.📋 Helpful or unhelpful research question: “What is your favourite cricket team?” (a) an unhelpful question (b) a helpful question
28. 28.True or false: “a cloth banner” is a running cost. (a) False (b) True
29. 29.🧪 Why make a small test batch before a big launch? (a) to look busy (b) to waste money (c) it is a rule (d) to learn cheaply
30. 30.🚀 Starting a business: which comes first — count profit and learn or try out a sample? (a) count profit and learn (b) try out a sample
31. 31.A stall’s fixed costs are ₹120 and each fruit cup makes ₹15 profit. Rohan sells 24. What is the profit after paying the fixed costs (in ₹)?
32. 32.Which product is mainly for gardeners? (a) dog-treat biscuits (b) puppet shows (c) homemade compost (d) timetable bookmarks
33. 33.🚀 Helpful or unhelpful for an entrepreneur: never asking anyone? (a) an unhelpful habit (b) a helpful habit
34. 34.😊 Good or poor customer service: a clear price board? (a) good service (b) poor service
35. 35.True or false: “a separate legal body” is true of a sole trader. (a) True (b) False
36. 36.🔍 Which is the odd one out? (a) no shade at the bus stop (b) water bottles get lost (c) a fruit-cup stall (d) pets alone all day
37. 37.📆 Why repay a loan on time? (a) to pay more interest (b) it does not matter (c) to keep trust (d) to lose friends
38. 38.🚀 Starting a business: which comes first — fix what people disliked or do a quick survey? (a) fix what people disliked (b) do a quick survey
39. 39.🔍 Which is the odd one out? (a) free name tags (b) it has a price (c) we sell things (d) same as every stall
40. 40.Vihaan’s fair stall pays a ₹190 stall fee and ₹210 for materials, and sells each potted plant for ₹10. How many must be sold to cover all the costs?

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