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Worksheets

Business and Economics

Total questions: 20

Worksheet time: 10hrs 0mins

Name
Class
Date
1.

Mia wants to start a stall selling smoothies at school. What is she starting?

a)

A group project

b)

A business

c)

A video game

d)

A school club

2.

Jayden buys a toy at the school market. What is the toy?

a)

A need

b)

A service

c)

A good

d)

A resource

3.

To make his smoothies, Leo uses bananas, ice, and water. What kind of resources are these?

a)

Human resources

b)

Natural resources

c)

Capital resources

d)

Magical resources

4.

Lily uses a blender and cups to make her lemonade. What are the blender and cups?

a)

Natural resources

b)

Things from the canteen

c)

Capital resources

d)

Things from a recipe

5.

At Market Day, Zoe wants to sell 100 cupcakes but only has enough icing for 50. What problem is she facing?

a)

Too much time

b)

Scarcity – not enough resources

c)

Bad cooking

d)

Forgetting the recipe

6.

Ezra has a cool idea for a business and works hard to make it happen. What is he?

a)

An entrepreneur

b)

A teacher

c)

A customer

d)

A helper

7.

Bella wants to run a stall where she paints nails. What skill does she need to succeed?

a)

Hiding from customers

b)

Being creative and friendly

c)

Copying others

d)

Buying expensive products

8.

Sam wants to buy a pencil case and some lollies, but he only has $5. What should he do?

a)

Get both anyway

b)

Only buy the lollies

c)

Ask a friend to pay

d)

Choose what he needs more

9.

You see an ad on YouTube for a game that looks fun. What is the ad trying to do?

a)

Make you do homework

b)

Show you a story

c)

Make you want to buy or download the game

d)

Confuse you

10.

Why do we pay tax when we buy things like toys or lunch?

a)

To help pay for schools, roads, and hospitals

b)

Because shops want more money

c)

To get free stuff

d)

So we can be in clubs

11.

Levi buys a toy for $11. How much of that could be GST (10%)?

a)

$1.10

b)

$10

c)

$2.00

d)

$0.50

12.

Layla writes a list of how much she will spend on making cookies, signs, and tablecloths. What is this called?

a)

A shopping list

b)

A dream list

c)

A budget

d)

A menu

13.

Before buying a backpack, Ava checks two websites for the best price. What is she doing?

a)

Shopping fast

b)

Being a smart shopper

c)

Guessing

d)

Spending for fun

14.

Mason spends $5 making bookmarks and earns $12. What has he made?

a)

A mess

b)

A new product

c)

A profit of $7

d)

A loss

15.

Ruby is choosing between two phone plans: one is cheaper but has fewer features. What is she doing?

a)

Comparing money choices

b)

Guessing which is better

c)

Asking her cat

d)

Avoiding the decision

16.

If you want to keep your money safe for saving, where should you put it?

a)

In your sock drawer

b)

In a game case

c)

In a bank account

d)

On your desk

17.

Before deciding what to sell, your group asks students what they like. Why is this helpful?

a)

So you can make posters.

b)

So you don’t guess what people want.

c)

So you can skip class.

d)

So you can copy another group.

18.

Your class surveyed which Market Day items were most popular. What is the best way to show this?

a)

Draw a funny cartoon

b)

Write it in a paragraph

c)

Make a bar graph

d)

Say it once and forget it

19.

On Market Day, your group sets prices, sells items, and talks to customers. What are you doing?

a)

Shopping

b)

Running a real business

c)

Watching others

d)

Playing a game

20.

You’re planning a cookie stall. What is one thing your business plan should include?

a)

A joke

b)

The name of your best friend

c)

What you’ll sell, how much it costs, and what you’ll need

d)

Your school lunch