Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 43 · 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: “made-up reviews” is honest business. (a) True (b) False
2. 2.Which of these is a poor business name? (a) “Things” (b) “Paper Petals Cards” (c) “Sunny Sips” (d) “Maths Buddies”
3. 3.Which of these is dishonest business? (a) correct change (b) made-up reviews (c) a refund if it breaks (d) clear prices for all
4. 4.🏪 What is a competitor? (a) a customer (b) a supplier (c) your teammate (d) a rival seller
5. 5.😊 Good or poor customer service: a sticky, messy table? (a) good service (b) poor service
6. 6.🔍 Which is the odd one out? (a) “Zzkkq Bites” (b) “Chai Corner” (c) “Paper Petals Cards” (d) “Bright Bookmarks”
7. 7.It costs ₹7 to make one cup of lemonade. Ishaan sells it for ₹18. What is the profit on one (in ₹)?
8. 8.📊 After the launch, what should you keep doing? (a) stop counting (b) keep records and review (c) hide your costs (d) ignore customers
9. 9.Kavya makes 26 clay diyas at a cost of ₹32 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
10. 10.A small family shop borrows ₹300 from a bank at 6% simple interest per year. How much interest is due after 3 years (in ₹)?
11. 11.🎨 Good or poor logo idea: a blurry photo? (a) a poor logo idea (b) a good logo idea
12. 12.True or false: “a plant-watering service” is a problem people have. (a) False (b) True
13. 13.🔍 Which is the odd one out? (a) rice and dal (b) a roof over your head (c) soap (d) a fancy phone cover
14. 14.A small business sells 36 glasses of chai at ₹20 each. Its costs are ₹40. What is its profit (in ₹)?
15. 15.True or false: for dog-treat biscuits, pet owners are the target customers. (a) False (b) True
16. 16.A small family shop borrows ₹700 from a bank at 7% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
17. 17.Which of these is not a unique selling point? (a) personalised with names (b) made from waste paper (c) a new flavour each week (d) it has a price
18. 18.A stall’s fixed costs are ₹14 and each bag of popcorn makes ₹2 profit. Gurpreet sells 25. What is the profit after paying the fixed costs (in ₹)?
19. 19.True or false: “designer sunglasses” is a want. (a) True (b) False
20. 20.👤 A sole trader is… (a) a school club (b) a bank (c) a one-owner business (d) a big company
21. 21.Vihaan plans to make 17 paper bookmarks. Each needs ₹9 of materials, and a banner costs ₹160 once. What total budget is needed (in ₹)?
22. 22.Vihaan pays ₹285 for a table and a banner (fixed costs). Each clay diya sold makes ₹15 profit. How many must be sold to break even?
23. 23.🔍 Three of these are for the same customers. Which is the odd one out? (a) puppet shows (b) newspaper reading aloud (c) balloon animals (d) colouring sheets
24. 24.🤝 At a team stall, whose job is it? Someone pots the plants. (a) the marketer (b) the cashier (c) the maker (d) the record keeper
25. 25.One handmade card costs ₹45 to make and Kavya sells it for ₹54. What is the markup in percent?
26. 26.True or false: “one owner runs it” is true of a sole trader. (a) False (b) True
27. 27.True or false: “Best lemonade in the whole world!!!” is honest and clear. (a) True (b) False
28. 28.🚀 Which step of starting a business is this: improve from feedback? (a) step 4 (b) step 5 (c) step 3 (d) step 7
29. 29.🔍 Which is the odd one out? (a) water bottles get lost (b) bottle name stickers (c) old books thrown away (d) no shade at the bus stop
30. 30.🔎 Where do good business ideas often come from? (a) pure luck (b) everyday problems (c) only TV shows (d) copying a friend
31. 31.Lakshmi pays ₹140 for a table and a banner (fixed costs). Each clay diya sold makes ₹10 profit. How many must be sold to break even?
32. 32.Which of these is saving? (a) more seeds for next time (b) an emergency fund (c) buying a second juicer (d) sweets for yourself
33. 33.🎉 After the break-even point, each extra item sold… (a) adds loss (b) is free (c) adds profit (d) changes nothing
34. 34.A batch of 10 glasses of chai costs ₹60 to make. Aarav sells each one for ₹9. What is the profit on each one (in ₹)?
35. 35.A batch of 10 handmade cards costs ₹40 to make. Saanvi sells each one for ₹7. What is the profit on each one (in ₹)?
36. 36.📋 What is market research? (a) asking what buyers want (b) counting your money (c) printing posters (d) making a logo
37. 37.One potted plant costs ₹58 to make and Saanvi sells it for ₹87. What is the markup in percent?
38. 38.🔍 Which is the odd one out? (a) ready in five minutes (b) a new flavour each week (c) we have a table (d) delivered to your door
39. 39.🗣️ Testers say your cupcakes are too sweet. What is the next step? (a) raise the price (b) improve the recipe (c) stop listening (d) launch it as it is
40. 40.Diya’s record for a rainy day:
    Income: ₹70 (sales)
    Expense: ₹20 (sugar)
    Expense: ₹80 (posters)
    How much is the loss (in ₹)?

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