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Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 41 · 40 questions
TalentJR

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.

NameDateTime takenScore ___ / 40
  1. 1.Ishaan’s stall made a profit of ₹1500. Ishaan saves 20% of it. How many rupees are saved?
  2. 2.Which of these is saving? (a) more seeds for next time (b) buying a second juicer (c) profit put in a bank (d) sweets for yourself
  3. 3.One cupcake costs ₹34 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  4. 4.🔍 Three of these are for the same customers. Which is the odd one out? (a) timetable bookmarks (b) exam revision cards (c) puppet shows (d) notebook covering
  5. 5.True or false: for notebook covering, school students are the target customers. (a) True (b) False
  6. 6.Which of these is an expense (money out)? (a) cash from selling plants (b) bus fare to the market (c) a card order paid (d) tutoring fees received
  7. 7.True or false: “a party dress” is a want. (a) True (b) False
  8. 8.🛡️ Safe or unsafe for a kids’ business: keeping cash in a box? (a) an unsafe practice (b) a safe practice
  9. 9.True or false: “Doctors say our chai makes you taller” is honest and clear. (a) True (b) False
  10. 10.🛒 Need or want: medicine when ill? (a) a need (b) a want
  11. 11.🏦 Interest on a loan is… (a) the cost of borrowing (b) free money (c) a gift (d) a discount
  12. 12.Which of these is good customer service? (a) serving friends first (b) arguing with a buyer (c) greeting with a smile (d) counting change wrongly
  13. 13.Which of these is a want? (a) notebooks for school (b) a warm blanket (c) a video game (d) medicine when ill
  14. 14.🛡️ Safe or unsafe for a kids’ business: an adult at the stove? (a) an unsafe practice (b) a safe practice
  15. 15.Meera asked 25 people about a bookmark stall and 12 said yes. What percent said yes?
  16. 16.Which of these is a problem people have? (a) phone help for elders (b) old books thrown away (c) a shade-cloth project (d) maths help for juniors
  17. 17.📦 Why work out the cost of ONE item? (a) to set a good price (b) to look clever (c) to spend more (d) it does not matter
  18. 18.One fruit cup costs ₹57 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹32 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹26 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.📣 Is this stall message honest and clear, or misleading? “Best lemonade in the whole world!!!” (a) honest and clear (b) misleading
  22. 22.True or false: “counting change wrongly” is good customer service. (a) False (b) True
  23. 23.🚀 Helpful or unhelpful for an entrepreneur: saving for the business? (a) a helpful habit (b) an unhelpful habit
  24. 24.👥 Whom should you ask about a snack for Class 6? (a) a shopkeeper far away (b) Class 6 students (c) only yourself (d) only your parents
  25. 25.Kavya’s stall took in ₹390 on Friday, ₹70 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?
  26. 26.☕ Chai stall: what should you check first? (a) the cup colours (b) a big banner (c) an adult runs the stove (d) a fancy name
  27. 27.True or false: “Things” is a good business name. (a) False (b) True
  28. 28.To make 10 handmade cards, Ananya spends ₹40 on card paper, ₹15 on colour pens and ₹15 on envelopes. What does one cost to make (in ₹)?
  29. 29.🔍 Which is the odd one out? (a) designs the poster (b) packs the snacks (c) makes the cards (d) pots the plants
  30. 30.🎯 Who is the main target customer for puppet shows? (a) elderly people (b) gardeners (c) young children (d) pet owners
  31. 31.Which of these is dishonest business? (a) correct change (b) a refund if it breaks (c) hiding a broken part (d) true photos of items
  32. 32.One bag of popcorn costs ₹22 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  33. 33.Which of these is a safe practice? (a) visiting strangers alone (b) washing hands first (c) sharing your address (d) selling alone after dark
  34. 34.A stall’s fixed costs are ₹154. Each bag of popcorn costs ₹10 to make and sells for ₹17. How many must be sold to break even?
  35. 35.📜 Who should explain tax or legal rules for a business? (a) a classmate (b) nobody (c) an adult or an expert (d) a random video
  36. 36.👔 Who does this — an entrepreneur or an employee? Someone who works for an employer. (a) an employee (b) an entrepreneur
  37. 37.Nisha pays ₹225 for a table and a banner (fixed costs). Each cup of lemonade sold makes ₹9 profit. How many must be sold to break even?
  38. 38.🔎 Is this a problem or a solution idea: “maths help for juniors”? (a) a solution idea (b) a problem
  39. 39.📒 Income or expense: payment for a cake order? (a) expense (b) income
  40. 40.Which of these is an unhelpful habit for an entrepreneur? (a) blaming others (b) keeping promises (c) planning ahead (d) staying curious

Answer key

  1. 300
  2. profit put in a bank
  3. 51
  4. puppet shows
  5. True
  6. bus fare to the market
  7. True
  8. a safe practice
  9. False
  10. a need
  11. the cost of borrowing
  12. greeting with a smile
  13. a video game
  14. a safe practice
  15. 48
  16. old books thrown away
  17. to set a good price
  18. 57
  19. 40
  20. 13
  21. misleading
  22. False
  23. a helpful habit
  24. Class 6 students
  25. 770
  26. an adult runs the stove
  27. False
  28. 7
  29. designs the poster
  30. young children
  31. hiding a broken part
  32. 33
  33. washing hands first
  34. 22
  35. an adult or an expert
  36. an employee
  37. 25
  38. a solution idea
  39. income
  40. blaming others

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