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Card 8 / 18: What are the lessons learned from observing startup failures and successes?
A) Business plans rarely survive the first costumer contact
B) Forecasting start-up income, profits, and cash flow is in vain.
C) Start-ups are not smaller versions of big businesses.
D) All the above
E) None of the above
Card 9 / 18: What are the lean startup key principles?
A) Business plan, stealth mode development, waterfall development
B) Business model canvas, customer development, agile development
C) All the above
D) None of the above
Card 11 / 18: How a lean startup approaches the customer development activities?
A) Hire a professional sales team to get as many customers as possible and be profitable from day
one
B) Get out of office and interview potential customers and partners to test the start-up hypotheses
C) All the above
D) None of the above
Card 14 / 18: What is the lean startup customer development sequence? A. Customer Creation B.
Customer Discovery C. Company Building D. Customer Validation
A) A -> B -> C -> D
B) D -> C -> B -> A
C) B -> D -> A -> C
D) C -> A -> D -> B
Card 15 / 18: How can the lean startup change the entrepreneurial economy?
A) Lean startup increases the risk appetite of VCs (venture capitalists)
B) Lean startup reduces the cost of failure
C) Lean startup shorten the technology development cycles
D) Lean startup democratizes the venture capital industry
Card 16 / 18: What is the agile development phases sequence? A. Analysis & Design B. Evaluation
C. Planning D. Testing
A) A -> B -> C -> D
B) D -> C -> B -> A
C) B -> D -> A -> C
D) C -> A -> D -> B