Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 4 · 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 of these is a need? (a) a bigger TV (b) a glitter pen set (c) school shoes (d) designer sunglasses
2. 2.A small business sells 55 friendship bands at ₹25 each. Its costs are ₹220. What is its profit (in ₹)?
3. 3.💸 Why is spending all your savings on stock risky? (a) it always sells (b) it may not sell (c) stock is free (d) savings grow
4. 4.🔍 Which is the odd one out? (a) pets alone all day (b) water bottles get lost (c) no healthy snack nearby (d) a pet-sitting service
5. 5.Aarav has a budget of ₹300. The stock costs ₹120 and the stall fee is ₹170. Is the budget enough? (a) No (b) Yes
6. 6.Which product is mainly for pet owners? (a) puppet shows (b) cloth toys for cats (c) newspaper reading aloud (d) colouring sheets
7. 7.📅 How should a team share out the profit? (a) the loudest takes all (b) a secret way (c) nobody gets any (d) as agreed beforehand
8. 8.Which of these is a poor business name? (a) “Sunny Sips” (b) “Green Thumb Saplings” (c) “Things” (d) “Bright Bookmarks”
9. 9.Which of these is a fair way to compete? (a) breaking their sign (b) a fair, lower price (c) spreading rumours (d) grabbing their spot
10. 10.📒 Why write down every sale and cost? (a) no reason (b) to look busy (c) to fill a notebook (d) to know the real profit
11. 11.🔎 Is this a problem or a solution idea: “plants die in holidays”? (a) a solution idea (b) a problem
12. 12.Tara worked 2 hours and Joseph worked 3 hours at a stall selling painted pebbles. They share the ₹250 profit by hours worked. How many rupees does Tara get?
13. 13.True or false: “Handmade cards, ₹30 each, made by Class 7” is honest and clear. (a) True (b) False
14. 14.True or false: “a cloth banner” is a running cost. (a) True (b) False
15. 15.📣 Is this stall message honest and clear, or misleading? “Price: ask me, it depends on you 😉” (a) misleading (b) honest and clear
16. 16.🚀 Which step of starting a business is this: launch the business? (a) step 2 (b) step 4 (c) step 6 (d) step 1
17. 17.📋 Helpful or unhelpful research question: “Do you agree my stall will be famous?” (a) an unhelpful question (b) a helpful question
18. 18.One handmade card costs ₹50 to make and Dev sells it for ₹60. What is the markup in percent?
19. 19.🎯 Who is the main target customer for puppet shows? (a) elderly people (b) young children (c) school students (d) gardeners
20. 20.🛒 Need or want: a fancy phone cover? (a) a need (b) a want
21. 21.🧪 Why make a small test batch before a big launch? (a) to learn cheaply (b) to look busy (c) it is a rule (d) to waste money
22. 22.True or false: “spotting problems” is an unhelpful habit for an entrepreneur. (a) True (b) False
23. 23.Farhan pays ₹75 for a table and a banner (fixed costs). Each clay diya sold makes ₹15 profit. How many must be sold to break even?
24. 24.True or false: “How often do you buy a snack at school?” is a helpful research question. (a) True (b) False
25. 25.True or false: “asking customers” is an unhelpful habit for an entrepreneur. (a) True (b) False
26. 26.True or false: “saying thank you” is poor customer service. (a) False (b) True
27. 27.🔍 Which is the odd one out? (a) a juicer (b) sugar (c) a folding table (d) a cloth banner
28. 28.Which of these is good customer service? (a) hiding the prices (b) ignoring a customer (c) a sticky, messy table (d) fixing mistakes quickly
29. 29.🚀 Starting a business: which comes first — keep records and review or see what bugs people? (a) keep records and review (b) see what bugs people
30. 30.A batch of 10 paper bookmarks costs ₹80 to make. What does one cost to make (in ₹)?
31. 31.🎯 Who is the main target customer for pet-bowl cleaning? (a) elderly people (b) pet owners (c) young children (d) school students
32. 32.🎨 Good or poor logo idea: two or three colours? (a) a poor logo idea (b) a good logo idea
33. 33.😊 Good or poor customer service: clean, covered food? (a) good service (b) poor service
34. 34.🏷️ Good or poor business name: “Shop”? (a) a poor business name (b) a good business name
35. 35.Which of these is an unfair way to compete? (a) better quality (b) a cleaner stall (c) friendlier service (d) copying a rival’s logo
36. 36.Which of these is saving? (a) a new video game (b) more seeds for next time (c) a piggy bank for later (d) a cinema ticket
37. 37.True or false: “greeting with a smile” is poor customer service. (a) True (b) False
38. 38.True or false: “personalised with names” is not a unique selling point. (a) False (b) True
39. 39.🔍 Which is the odd one out? (a) hiding the prices (b) counting change wrongly (c) saying thank you (d) rude replies
40. 40.➖ Profit in your records = (a) income − expenses (b) income + expenses (c) expenses − income (d) just the income

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