Question Option1 Option2 Option3 Option4 CorrectOpti

The reason for very high TRUE FALSE NA NA 1

rate of failure in startups is
known. Startups fail
because their strategy is
based on the wrong facts
The fundamental unit of Pivot value MVP Validated 4
progress in the Lean Startup hypothesis Minimum Learning
is this.  It is a rigorous value
method for demonstrating product
that a team has discovered
valuable truths.
The primary goal of the Build abusiness Figure out the Figure out Raise 2
startup is to plan right thing to your market enough
build niche money so
that you
have your
long runway
A Pivot is a key term in LS A change is A directive to A structured Something a 3
thinking.  I is defined as vision change change receiver does
business designed to in football
direction test a new after
fundamental catching the
hypothesis ball in traffic
This includes a business Startup vision Startup Value Rapid 2
model, a product road map, strategy Hypothesis Elevator
a point of view about Pitch
partners and competitors,
and ideas who the customer
will be. It is
Done when you realize a Channel Pivot Value Capture Zoom in Zoom out 4
single feature is inadequate Pivot Pivot pivot
to support the whole
product
A pivot where you switch Business Value Capture Technology About face 1
from one to the other of the Architecture Pivot Pivot pivot
two major business choices Pivot
– high margin/low volume
or low margin/high volume
The value of a network as a True FALSE na na 1
whole is proportional to the
square of the number of
participants is Metcalfe's
Law:
The techniques of studying Premium Competitor Branding Corporate 2
the market share, strengths, analysis analysis analysis analysis
shortcomings, and
strategies of competitors
are classified as
Traditional product linear process A feedback Use An agile 1
development process is loop process validated process
learning
Which of the following is Customer pains Gain creators Jobs to be Revenue 4
not present in the Value done resources
proposition canvas
Lean product development agile process linear process A feedback lean supply 1
uses loop process chain
Quick decision and flexibility Proprietorship Private limited Partnership Public 1
of operations are company limited
advantageous in which form company
of business Quick decision
and flexibility of operations
are advantageous in which
form of business
Lean start up Combines Combines lean Combines is traditional 1
efficient management waterfall Product
inventory and lean model of development
management, customer base product process
minimum developmen
viable product, t and agile
total quality method
management
Which form of business has Proprietorship Private limited All of the None of the 1
a limited life company above above
What is a balance team Group of Group of close With family Former 1
people with friends members colleagues
shared goals and relatives
and
complementary
skills
The cycle which is central to Learn Build Build Measure Idea Code Learn 2
principles of Lean Start up is Measure Learn Data Measure
Build
A Pivot is a key term in A change in A decision to To test a Something a 2
Lean start up thinking. It is vision discard present new receiver
defined as course of fundamental does in
business and hypothesis football after
start with new catching the
business model ball in traffic
The primary purpose of the True FALSE NA NA 2
Lean Startup is to be able to
produce a new product by
spending less on
development.
What does JIT stand for Just In Just In Time Just in Just in 2
Technology Terminology Transit
A lean system operates with True FALSE NA NA 1
fewer resources than
traditional systems do.
A successful market Analog Antilog Prelog Does not 1
example that already exist-you
answers some of your must check
critical questions is a: everything
Ries believes that, True FALSE NA NA 1
Entrepreneurship requires
managerial discipline. The
just Do It attitude won't cut
it.
Startups often accidently True FALSE NA NA 1
build something that no one
wants.
Personalized service Not an usual Wizard of OZ Minimal Concierge 4
conducted at extremely way to test a Test Viable Minimum
small scale designed to test product Product viable
the leap of faith product
assumptions in a company's
growth model is
The statement from a Positive it Good news Negative It Something 3
manager or engineer, I means you just hit a is frequently you might
learned something. is what Validated Learning used to say after you
Learning Milestone justify failuretold your
spouse that
he or she
was too fat
Asking what customers A good idea. A good way to Ineffective or Is an 3
want is It's a good way exit from the misleading. important
to get out of Land of the Customers part of
the building. Living Dead do not know Genchi
 what they Gembutsu
really want.
How can we gain competitive Only a is only b and c only d is All are 4
advantage correct are correct correct correct
a. Innovative technology
b.Efficient cost management c.
Building brand d. Distribution
channel with easy access
Which of the following shows Business model Modeling Creative Innovation 4
the process of creating flexibility
something new
A corporate manager who Ecopreneur Technopreneur Social 3
starts a new initiative for their Intrapreneur Entrepreneur
company which entails setting
up a new distinct business unit
and board of directors can be
regarded as