Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 5 · 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.🚀 Starting a business: which comes first — see what bugs people or ask possible customers? (a) see what bugs people (b) ask possible customers
2. 2.🏢 Sole trader or company: one owner runs it? (a) a company (b) a sole trader
3. 3.🛍️ Why do businesses that meet needs often sell all year? (a) people always need them (b) needs are always free (c) nobody buys needs (d) needs are toys
4. 4.Which of these is a want? (a) soap (b) rice and dal (c) designer sunglasses (d) a warm blanket
5. 5.🎯 Who is the main target customer for colouring sheets? (a) pet owners (b) gardeners (c) young children (d) elderly people
6. 6.📋 Helpful or unhelpful research question: “What did you eat on your birthday last year?” (a) a helpful question (b) an unhelpful question
7. 7.One glass of chai costs ₹35 to make and Ananya sells it for ₹42. What is the markup in percent?
8. 8.🔍 Which is the odd one out? (a) knives with no adult (b) sharing your address (c) washing hands first (d) hot oil near small kids
9. 9.🏷️ What is a brand? (a) a type of loan (b) your stall table (c) how people know you (d) your cash box
10. 10.One painted pebble costs ₹20 to make and Vihaan sells it for ₹24. What is the markup in percent?
11. 11.True or false: “cost of making one” is the cost price. (a) False (b) True
12. 12.True or false: “a school uniform” is a need. (a) True (b) False
13. 13.A batch of 10 handmade cards costs ₹30 to make. Meera sells all 10 at ₹6 each. What is the total profit on the batch (in ₹)?
14. 14.😊 Good or poor customer service: serving friends first? (a) poor service (b) good service
15. 15.📒 One-time cost or running cost: card paper? (a) a one-time cost (b) a running cost
16. 16.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
17. 17.One friendship band costs ₹32 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
18. 18.True or false: “Would you buy this at the school fair?” is a helpful research question. (a) False (b) True
19. 19.True or false: “Things” is a good business name. (a) False (b) True
20. 20.To make 20 glasses of chai, Tara spends ₹40 on tea leaves, ₹135 on milk and ₹25 on paper cups. What does one cost to make (in ₹)?
21. 21.A small business sells 56 glasses of chai at ₹5 each. Its costs are ₹130. What is its profit (in ₹)?
22. 22.Vihaan pays ₹165 for a table and a banner (fixed costs). Each cupcake sold makes ₹5 profit. How many must be sold to break even?
23. 23.Lakshmi makes 23 glasses of chai at a cost of ₹11 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
24. 24.🔍 Which is the odd one out? (a) counting change wrongly (b) sorry for a long wait (c) saying thank you (d) fixing mistakes quickly
25. 25.👔 Who does this — an entrepreneur or an employee? Someone who owns the business. (a) an entrepreneur (b) an employee
26. 26.True or false: “a short video post” is a poster. (a) True (b) False
27. 27.A batch of 10 cups of lemonade costs ₹30 to make. Diya sells all 10 at ₹4 each. What is the total profit on the batch (in ₹)?
28. 28.One jute bag costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
29. 29.True or false: someone who keeps the profit or loss — that is what an entrepreneur does. (a) False (b) True
30. 30.🎨 Why not copy a famous logo? (a) copying is smart (b) it is too easy (c) logos are free (d) it is someone else’s
31. 31.A batch of 20 fruit cups costs ₹80 to make. Riya sells each one for ₹11. What is the profit on each one (in ₹)?
32. 32.True or false: “designer sunglasses” is a need. (a) True (b) False
33. 33.🗣️ Testers say your cupcakes are too sweet. What is the next step? (a) launch it as it is (b) stop listening (c) improve the recipe (d) raise the price
34. 34.True or false: someone who owns the business — that is what an entrepreneur does. (a) True (b) False
35. 35.🗣️ A teammate made a mistake with the change. What helps most? (a) leave the stall (b) fix it together calmly (c) tell everyone (d) shout at them
36. 36.🚀 Which step of starting a business is this: do a quick survey? (a) step 3 (b) step 1 (c) step 5 (d) step 7
37. 37.📒 Income or expense: a card order paid? (a) expense (b) income
38. 38.True or false: “two or three colours” is a poor logo idea. (a) False (b) True
39. 39.🔁 Making a bigger batch usually makes each item… (a) free (b) a little cheaper (c) much costlier (d) always the same
40. 40.📖 Tutoring juniors: what should you check first? (a) no one knows (b) their parents agree (c) the fee is huge (d) you skip school

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