Question 1

Different prototypes may emphasize different product elements in order to confirm a final product design.

Accepted Answer

A) True 
 B)False

Question 2

Prototyping demonstrated commitment and will contribute substantially to securing funding.

Accepted Answer

A) True 
 B)False

Question 3

Simulations are a great way to prototype services.

Accepted Answer

A) True 
 B)False

Question 4

If you want to test an electronic product, you are going to have to build a version of the final product completely.
Multiple Choice

Accepted Answer

A) True 
 B)False

Question 5

Products that fail in the marketplace are generally based on incorrect assumptions about what the target market values.

Accepted Answer

A) True 
 B)False

Question 6

Currently in the market you can purchase a 3D printer for between $________ and $_________ which could print in an array of plastic types and colors.

Accepted Answer

A)  10,000 and 50,0000 
B)  3,0000 and 6,000 
C)  1,000 and 5,000 
D)  500 and 1,000 
E)  200 and 700 
A)  10,000 and 50,0000 
B)  3,0000 and 6,000 
C)  1,000 and 5,000 
D)  500 and 1,000 
E)  200 and 700

Question 7

Chances are, that before you build a 3D printing prototype, it makes more sense to build a _____________, which can address many questions quickly and efficiently.

Accepted Answer

A)  Wood and plastic prototype 
B)  Functional prototype 
C)  Paper prototype 
D)  Electronic prototype 
E)  None of the above 
A)  Wood and plastic prototype 
B)  Functional prototype 
C)  Paper prototype 
D)  Electronic prototype 
E)  None of the above

Question 8

The most challenging aspect about the prototyping process is to quickly learn and then develop additional prototypes based on customer feedback.

Accepted Answer

A) True 
 B)False

Question 9

Introducing a new product or service involves substantial risk, and upwards of ___________ innovations fail, depending on industry.

Accepted Answer

A)  20 - 50% 
B)  40 - 70% 
C)  50 - 90% 
D)  60 - 90% 
E)  70 - 90% 
A)  20 - 50% 
B)  40 - 70% 
C)  50 - 90% 
D)  60 - 90% 
E)  70 - 90%

Question 10

An entrepreneur must possess special technical skills necessary to create the appropriate prototype, otherwise the testing of the product won't be insightful.

Accepted Answer

A) True 
 B)False

Question 11

Entrepreneurs should _____________ to develop a new product when exploring a venture idea.

Accepted Answer

A)  Focus on raising money 
B)  Resist the temptation 
C)  Save all their strength 
D)  Immediately try 
E)  d and a 
A)  Focus on raising money 
B)  Resist the temptation 
C)  Save all their strength 
D)  Immediately try 
E)  d and a

Question 12

A well designed prototype conveys that the entrepreneur has thought through the __________ , going from ____________ to ____________.

Accepted Answer

A)  Design plan, the idea, the final product 
B)  Complete prototyping process, the idea, the final prototype 
C)  Complete prototyping process, the idea, the final manufacture 
D)  Production plan, the idea, the final manufacture 
E)  None of the above 
A)  Design plan, the idea, the final product 
B)  Complete prototyping process, the idea, the final prototype 
C)  Complete prototyping process, the idea, the final manufacture 
D)  Production plan, the idea, the final manufacture 
E)  None of the above

Question 13

Low fidelity prototypes express the rough product concept.

Accepted Answer

A) True 
 B)False

Question 14

Production prototypes assist in the _______ planning of production.

Accepted Answer

A)  Early 
B)  Final 
C)  Prototype 
D)  Financial 
E)  All of the above 
A)  Early 
B)  Final 
C)  Prototype 
D)  Financial 
E)  All of the above

Question 15

__________ is a type of 'additive manufacturing' where a medium, such as plastic, ceramic, or metal, is extruded through a computer-controlled tool head which lays down the medium in layers thus building up a real life product of three dimensions.

Accepted Answer

A)  Paper prototyping by adding different material pieces 
B)  3D printing 
C)  Plastic/ceramic/metal line manufacturing 
D)  Wood prototyping by adding different material pieces 
E)  Magic prototyping 
A)  Paper prototyping by adding different material pieces 
B)  3D printing 
C)  Plastic/ceramic/metal line manufacturing 
D)  Wood prototyping by adding different material pieces 
E)  Magic prototyping

Question 16

Often it is more useful to _____________ your prototype in order to discover unexpected opportunities.

Accepted Answer

A)  Independently design 
B)  Self-assess 
C)  Co-create with the target audience 
D)  Co-assess with the target audience 
E)  a and d 
A)  Independently design 
B)  Self-assess 
C)  Co-create with the target audience 
D)  Co-assess with the target audience 
E)  a and d

Question 17

The entrepreneur's perception of his/her product will be similar to that of the target customer.

Accepted Answer

A) True 
 B)False

Question 18

An assumption to be tested with a prototype could be:

Accepted Answer

A)  Price 
B)  Product benefits 
C)  Product use 
D)  a and b 
E)  All of the above 
A)  Price 
B)  Product benefits 
C)  Product use 
D)  a and b 
E)  All of the above

Question 19

Prototyping will probably prolong the time-to-market, but is still worth it.

Accepted Answer

A) True 
 B)False

Question 20

____________ is the representation of a concept using paper or cardboard, markers and tape.

Accepted Answer

A)  Low fidelity prototyping 
B)  High fidelity prototyping 
C)  Looks-like prototyping 
D)  Paper prototyping 
E)  Works-like prototyping 
A)  Low fidelity prototyping 
B)  High fidelity prototyping 
C)  Looks-like prototyping 
D)  Paper prototyping 
E)  Works-like prototyping

Different prototypes may emphasize different product elements in order to confirm a final product design.

Prototyping demonstrated commitment and will contribute substantially to securing funding.

Simulations are a great way to prototype services.

If you want to test an electronic product, you are going to have to build a version of the final product completely. Multiple Choice

Products that fail in the marketplace are generally based on incorrect assumptions about what the target market values.

Currently in the market you can purchase a 3D printer for between $ and $_ which could print in an array of plastic types and colors.

Chances are, that before you build a 3D printing prototype, it makes more sense to build a _____________, which can address many questions quickly and efficiently.

The most challenging aspect about the prototyping process is to quickly learn and then develop additional prototypes based on customer feedback.

Introducing a new product or service involves substantial risk, and upwards of ___________ innovations fail, depending on industry.

An entrepreneur must possess special technical skills necessary to create the appropriate prototype, otherwise the testing of the product won't be insightful.

Entrepreneurs should _____________ to develop a new product when exploring a venture idea.

A well designed prototype conveys that the entrepreneur has thought through the , going from to __.

Low fidelity prototypes express the rough product concept.

Production prototypes assist in the _______ planning of production.

__________ is a type of 'additive manufacturing' where a medium, such as plastic, ceramic, or metal, is extruded through a computer-controlled tool head which lays down the medium in layers thus building up a real life product of three dimensions.

Often it is more useful to _____________ your prototype in order to discover unexpected opportunities.

The entrepreneur's perception of his/her product will be similar to that of the target customer.

An assumption to be tested with a prototype could be:

Prototyping will probably prolong the time-to-market, but is still worth it.

____________ is the representation of a concept using paper or cardboard, markers and tape.

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Financing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship

Filters

Exam 4: Prototyping Your Ideas

Different prototypes may emphasize different product elements in order to confirm a final product design.

Prototyping demonstrated commitment and will contribute substantially to securing funding.

Simulations are a great way to prototype services.

If you want to test an electronic product, you are going to have to build a version of the final product completely. Multiple Choice

Products that fail in the marketplace are generally based on incorrect assumptions about what the target market values.

Currently in the market you can purchase a 3D printer for between $________ and $_________ which could print in an array of plastic types and colors.

Chances are, that before you build a 3D printing prototype, it makes more sense to build a _____________, which can address many questions quickly and efficiently.

The most challenging aspect about the prototyping process is to quickly learn and then develop additional prototypes based on customer feedback.

Introducing a new product or service involves substantial risk, and upwards of ___________ innovations fail, depending on industry.

An entrepreneur must possess special technical skills necessary to create the appropriate prototype, otherwise the testing of the product won't be insightful.

Entrepreneurs should _____________ to develop a new product when exploring a venture idea.

A well designed prototype conveys that the entrepreneur has thought through the __________ , going from ____________ to ____________.

Low fidelity prototypes express the rough product concept.

Production prototypes assist in the _______ planning of production.

__________ is a type of 'additive manufacturing' where a medium, such as plastic, ceramic, or metal, is extruded through a computer-controlled tool head which lays down the medium in layers thus building up a real life product of three dimensions.

Often it is more useful to _____________ your prototype in order to discover unexpected opportunities.

The entrepreneur's perception of his/her product will be similar to that of the target customer.

An assumption to be tested with a prototype could be:

Prototyping will probably prolong the time-to-market, but is still worth it.

____________ is the representation of a concept using paper or cardboard, markers and tape.

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Building Your Pro Forma Financial Statements

Financing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship

Filters

Currently in the market you can purchase a 3D printer for between $ and $_ which could print in an array of plastic types and colors.

A well designed prototype conveys that the entrepreneur has thought through the , going from to __.