Card 2 / 18: Which of those attributes are favored by the lean startup concepts?

A) Experimentation and Iteration

B) Elaborate upfront planning
C) Customer feedback
D) Agile development
E) Waterfall development

Card 3 / 18: What is the primary task of a startup?

A) Execute a well-established business model
B) Write an elaborated business plan
C) Search for a scalable, repeatable and profitable business model
D) All the above
E) None of the above

Card 4 / 18: How a lean startup works?

A) Write a detailed business plan, operate in stealth, release fully functional prototypes
B) Test hypotheses, discover early adopting customers, release MVP (minimum viable product)
C) All the above
D) None of the above

Card 6 / 18: What is the "business model canvas"?

A) A short version of the business plan
B) A framework to summarize the start-up hypotheses
C) A 5 years financial forecast for the start-up revenues.
D) A diagram depicts how the start-up will create value for both the stake holders and the clients

Card 7 / 18: How to write a "business plan" for a traditional startup?

A) Describe the size of the opportunity
B) Identify the problem and the solution
C) Include a 4 years forecast for income, profits, and cash flow
D) All the above
E) None of the above

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 10 / 18: What is the lean startup?

A) Lean start-up is smaller version of big corporations.
B) Lean start-up is an organization designed to execute a scalable, repeatable and profitable
business model
C) Lean start-up is a temporary organization designed to search for a scalable, repeatable and
profitable business model
D) All the above
E) 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 12 / 18: How a lean startup reacts to invalidated hypotheses?

A) Fire the CEO (chef executive officer)
B) Fire the CFO (chef financial officer)
C) Pivot to a new set of hypotheses
D) Ramp up marketing and hire more sales professionals
E) All the above

Card 13 / 18: What is the "business model"?

A) Describes the problem and the solution for an organization
B) Describes how an organization creates, delivers, and captures value
C) Describes a forecast for income, profits, and cash flow
D) All the above
E) 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