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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. On the last day of selling, what does Evan use to make his lemonade?
(a) The bathtub.
(b) A big cooler and the garden hose.
(c) A big cooler and a spatula.
(d) A large bowl and 40 lemonade packages.

2. Why does Evan decide to sell his lemonade at $2 per cup in Chapter 7?
(a) He finds out a milkshake is more than that.
(b) He knows it is less than what the nearest store is charging.
(c) He wants to make more money per cup than his sister.
(d) He believes it is a fair price.

3. Why did Evan start the whole competition with Jessie to begin with?
(a) He was sick of Jessie always tagging along.
(b) He wanted to make a lot of money.
(c) He did not want Jessie in his class.
(d) He did not want Jessie hanging out with Megan.

4. After the fireworks, who do the Treskis compare themselves to?
(a) Small creatures.
(b) Wise philosophers.
(c) Smart politicians.
(d) Great business owners.

5. On Saturday, what does Evan say to Jessie?
(a) He will pulverize her in the competition.
(b) He is not setting up a lemonade stand.
(c) Paul is coming over to help with the lemonade stand.
(d) Jessie is a stupid baby.

6. What do Jessie and Megan do after setting up multiple lemonade stands?
(a) They watch TV and bake brownies.
(b) They make more lemonade mix.
(c) They go for a swim at the beach.
(d) They help out with all the stands.

7. Where does Evan keep his money from the lemonade stand?
(a) In a lock box.
(b) In his short's pocket.
(c) In a tennis shoe.
(d) In a carved cedar box.

8. Who likes Evan Treski?
(a) Megan.
(b) Shirley.
(c) Carly.
(d) Kelley.

9. What is a method of bargaining, so that you can reach an agreement?
(a) Competition.
(b) Negotiation.
(c) Allied.
(d) Agreement.

10. When will the family have a sit down about Jessie and Evan arguing?
(a) The morning before the first day of school.
(b) Tonight, once Jessie gets back from the beach.
(c) Right after the fireworks.
(d) This afternoon, and Jessie will not go to the beach.

11. Why does Evan say that he cannot play basketball as good as usual?
(a) He is not as good as Paul.
(b) It is hot.
(c) He does not care.
(d) He is tired.

12. What type of management is it when a business' methods and procedures are failing?
(a) Corporate.
(b) Economical.
(c) Crash.
(d) Crisis.

13. What is "profit margin"?
(a) Sales plus all operating costs divided by the number of sales. The result is a ratio.
(b) Sales plus all operating costs divided by the number of sales. The result is a ratio.
(c) Sales multiplied by costs divided by costs. The result is a round number.
(d) Sales plus value-added and goodwill divided by costs. The result is a whole number.

14. What promise does Jessie make to Megan after selling on Saturday?
(a) Jessie will invite Evan over to Megan's.
(b) There will be no lemonade stand the next day.
(c) They will only sell in the morning the next day.
(d) They will go to a movie the next day.

15. Why is Evan worried about his sister winning the lemonade competition?
(a) She will tell everyone, and they will make fun of him for losing to his little sister.
(b) He will look like he is dumb and fail fourth grade.
(c) She will have all the money, and he will not be able to get his iPod.
(d) She will tell everyone, and he will not be welcome at Jack's pool party.

Short Answer Questions

1. When Jessie returns from the beach, what are Evan and his friends doing?

2. How does the afternoon with his friends on Sunday at Jack's house get better for Evan?

3. What was the boom and rattle the Treskis heard at the end of the fireworks?

4. How does Jessie describe receipts?

5. Where does Evan find the key to Jessie's lock box?

(see the answer keys)

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