Entrepreneurship for Kids Worksheet: Final Test

Entrepreneurship lesson 24: Final test: entrepreneurship · Set 8 · 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.🔎 Is this a problem or a solution idea: “old books thrown away”? (a) a solution idea (b) a problem
2. 2.True or false: “pets alone all day” is a solution idea. (a) False (b) True
3. 3.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) spending (b) saving (c) reinvesting
4. 4.True or false: “Shop” is a poor business name. (a) True (b) False
5. 5.To make 25 cups of lemonade, Ishaan spends ₹10 on lemons, ₹60 on sugar and ₹5 on paper cups. What does one cost to make (in ₹)?
6. 6.🔍 Which is the odd one out? (a) selling alone after dark (b) washing hands first (c) knives with no adult (d) sharing your address
7. 7.🚀 Helpful or unhelpful for an entrepreneur: keeping promises? (a) an unhelpful habit (b) a helpful habit
8. 8.📆 Why repay a loan on time? (a) to keep trust (b) it does not matter (c) to pay more interest (d) to lose friends
9. 9.A stall’s fixed costs are ₹12 and each fruit cup makes ₹2 profit. Zoya has sold 9 fruit cups so far. Has the stall broken even yet? (a) Yes (b) No
10. 10.True or false: “paper cups” is a running cost. (a) True (b) False
11. 11.Kavya’s fair stall pays a ₹10 stall fee and ₹45 for materials. It sells 29 painted pebbles at ₹5 each. What is the profit (in ₹)?
12. 12.A small family shop borrows ₹500 from a bank at 7% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
13. 13.True or false: “a warm blanket” is a need. (a) False (b) True
14. 14.Ananya’s income was ₹160 and the profit was ₹80. One expense was ₹30 (paper cups). How much was the other expense, for ribbon (in ₹)?
15. 15.🚀 Which step of starting a business is this: do a quick survey? (a) step 4 (b) step 3 (c) step 2 (d) step 6
16. 16.Which of these is word of mouth? (a) a parent’s status post (b) an online photo update (c) a buyer tells her cousin (d) a chart by the gate
17. 17.📋 Helpful or unhelpful research question: “Isn’t my lemonade the best ever?” (a) an unhelpful question (b) a helpful question
18. 18.Kavya’s fair stall pays a ₹130 stall fee and ₹145 for materials. It sells 20 bags of popcorn at ₹25 each. What is the profit (in ₹)?
19. 19.🤝 At a team stall, whose job is it? Someone checks the cash box. (a) the record keeper (b) the maker (c) the marketer (d) the cashier
20. 20.Which of these is a poster? (a) a post on a family page (b) a teacher recommends it (c) an online photo update (d) a chart by the gate
21. 21.🛒 Need or want: school shoes? (a) a want (b) a need
22. 22.👔 Who does this — an entrepreneur or an employee? Someone who owns the business. (a) an employee (b) an entrepreneur
23. 23.🔍 Which is the odd one out? (a) makes the cards (b) packs the snacks (c) gives the change (d) pots the plants
24. 24.True or false: “a sign at the stall” is a poster. (a) False (b) True
25. 25.Which of these is a want? (a) a roof over your head (b) drinking water (c) soap (d) designer sunglasses
26. 26.Which of these is not a unique selling point? (a) ready in five minutes (b) personalised with names (c) we sell things (d) delivered to your door
27. 27.📝 When should you do market research? (a) before you spend money (b) only on holidays (c) never (d) after you close
28. 28.📚 Families throw away old school books every year. Which idea helps? (a) a toy sale (b) a used-book swap (c) a new bookshop (d) a juice stall
29. 29.True or false: “clear prices for all” is dishonest business. (a) False (b) True
30. 30.Which of these is good customer service? (a) arguing with a buyer (b) rude replies (c) ignoring a customer (d) saying thank you
31. 31.Which of these is a need? (a) bus fare to school (b) a party dress (c) a third pair of shoes (d) a fancy phone cover
32. 32.True or false: “a school uniform” is a want. (a) True (b) False
33. 33.🔍 Which is the odd one out? (a) a fair, lower price (b) lying about a rival (c) spreading rumours (d) posting fake reviews
34. 34.Which of these is not a unique selling point? (a) personalised with names (b) delivered to your door (c) we have a table (d) made from waste paper
35. 35.True or false: for puppet shows, young children are the target customers. (a) True (b) False
36. 36.🎪 School-fair stall plan: which comes first — put up the price board or prepare the items? (a) put up the price board (b) prepare the items
37. 37.🔍 Which is the odd one out? (a) phone help for elders (b) old books thrown away (c) a plant-watering service (d) a shade-cloth project
38. 38.🏢 Sole trader or company: owner keeps all profit? (a) a company (b) a sole trader
39. 39.Which of these is a good logo idea? (a) too many small details (b) a blurry photo (c) your own drawing (d) tiny unreadable text
40. 40.🧍 Three people are waiting. What is good service? (a) make them leave (b) serve them in turn (c) take a break (d) serve friends first

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