Testing and Experimenting New Ideas in Entrepreneurship MCQ
Testing and Experimenting New Ideas in Entrepreneurship MCQ
1. What dimension of curiosity is when one enjoys the process of learning about others by talking, listening, and observing?
Answer
Correct Answer:
social curiosity
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2. A(n) ______ provides you with a better understanding of your own idea and how it interacts with customers. It is a way of compiling your thoughts and ideas into one visual, easy-to-understand, logical document or set of documents.
Answer
Correct Answer:
storyboard
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3. A small-scale study conducted to assess the feasibility of a product or service is a ______.
Answer
Correct Answer:
pilot experiment
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4. ______ is an important strength for many entrepreneurs because experimenting, prototyping, hypothesizing and interviewing would often never come to fruition without it.
Answer
Correct Answer:
Curiosity
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5. What dimension of curiosity is defined by recognizing a gap in knowledge, the frustration this brings, and the determination to fill it?
Answer
Correct Answer:
deprivation sensitivity
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6. One of the most important parts of an experiment is ______.
Answer
Correct Answer:
customer engagement in your product or service
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7. Which tip listed in the text to help build your curiosity strengths includes asking questions and listening to responses, avoiding being judgmental, encouraging others to ask questions, and avoiding playing the expert in the room?
Answer
Correct Answer:
be a curiosity ambassador
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8. During the ______ test, the customer thinks they are interfacing with the real product, but it is actually you behind the scenes manually providing the service.
Answer
Correct Answer:
Wizard of Oz
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9. Customers, partners, suppliers, distributors, and even real estate agents with whom you should interact when generating data and experimenting are called ______.
Answer
Correct Answer:
stakeholders
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10. The first of six steps in the scientific process of experimentation is ______.
Answer
Correct Answer:
asking lots of questions
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11. A(n) ______ is an assumption that is tested through research and experimentation.
Answer
Correct Answer:
hypothesis
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12. Value in ______ is what the service is offered at a competitive price. Value in ______ focuses on the availability and accessibility of the product.
Answer
Correct Answer:
exchange; distribution
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13. neckentrepreneurship2e_ch07_q01
Answer
Correct Answer:
experiment
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14. A ______ prototype is a more sophisticated version of a mockup that has enough functionality to allow users to really interact with the product or service.
Answer
Correct Answer:
high-fidelity
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15. _____ is a testing technique where you try to book orders for your product before it has been developed.
Answer
Correct Answer:
Preselling
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16. Storyboard easy form of prototyping that provides a
Answer
Correct Answer:
high-level view of thoughts
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17. Pilot Experiment is a
Answer
Correct Answer:
small-scale study
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18. A version of a new product that allows a team to collect the maximum amount of validated learning about customers with the least effort are called
Answer
Correct Answer:
MVP (Minimum Viable Product)
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19. In hypothesis an assumption that is tested through research and _____
Answer
Correct Answer:
Experimentation
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20. Which method is used to prove or disprove the validity of an idea or hypothesis.
Answer
Correct Answer:
Experiment
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