Question 1

Feedback from many potential customers will only confuse the entrepreneur, so prototyping must be done discretely. The fewer people testing the prototype, the better.

Accepted Answer

A) True 
 B)False

Question 2

Developing and testing a Minimum Viable Product (MVP) focuses on ______________ first, and then in _________________.

Accepted Answer

A)  Product development, customer engagement 
B)  Customer engagement, product development 
C)  Customer development, product design 
D)  Product design, product functionality 
E)  Product development, profitability 
A)  Product development, customer engagement 
B)  Customer engagement, product development 
C)  Customer development, product design 
D)  Product design, product functionality 
E)  Product development, profitability

Question 3

Generally, entrepreneurs move from one low fidelity prototype into several high fidelity prototypes because more testing has to happen to understand highly customized details.

Accepted Answer

A) True 
 B)False

Question 4

In co-creation, target customers are engaged _______ and ________ in the process of idea generation and product development.

Accepted Answer

A)  Late, conclusively 
B)  Early, as observers 
C)  Early, continuously 
D)  As observers, listeners 
E)  None of the above 
A)  Late, conclusively 
B)  Early, as observers 
C)  Early, continuously 
D)  As observers, listeners 
E)  None of the above

Question 5

The core purpose of prototyping is to get feedback which can be acted on.

Accepted Answer

A) True 
 B)False

Question 6

In recent years, the cost and complexity of 3D printing have _________ .

Accepted Answer

A)  Risen dramatically 
B)  Fallen dramatically 
C)  More or less remained equal 
D)  Increased and fallen respectively 
E)  Have fallen and increased respectively 
A)  Risen dramatically 
B)  Fallen dramatically 
C)  More or less remained equal 
D)  Increased and fallen respectively 
E)  Have fallen and increased respectively

Question 7

The growth of online crowdfunding and pitch videos, which are central to crowdfunding campaigns, have highlighted the value of ___________.

Accepted Answer

A)  Prototyping 
B)  Raising money 
C)  Final products 
D)  3D printing 
E)  None of the above 
A)  Prototyping 
B)  Raising money 
C)  Final products 
D)  3D printing 
E)  None of the above

Question 8

The most vital stage in the prototyping process is __________ .

Accepted Answer

A)  Learning & iterating 
B)  Testing assumptions 
C)  Representing assumptions 
D)  Analyzing feedback 
E)  All the stages are equally important 
A)  Learning & iterating 
B)  Testing assumptions 
C)  Representing assumptions 
D)  Analyzing feedback 
E)  All the stages are equally important

Question 9

Which are the steps of the prototyping process?

Accepted Answer

A)  Learning & iterating, Analyzing feedback, Representing assumptions, and Testing assumptions 
B)  Learning & iterating, Analyzing feedback, and Testing assumptions 
C)  Learning & iterating, Representing assumptions, Testing assumptions 
D)  Analyzing feedback, Representing assumptions, and Testing assumptions 
E)  Learning & analyzing, Representing assumptions, and testing feedback 
A)  Learning & iterating, Analyzing feedback, Representing assumptions, and Testing assumptions 
B)  Learning & iterating, Analyzing feedback, and Testing assumptions 
C)  Learning & iterating, Representing assumptions, Testing assumptions 
D)  Analyzing feedback, Representing assumptions, and Testing assumptions 
E)  Learning & analyzing, Representing assumptions, and testing feedback

Question 10

"Works-like" prototypes are valuable to test the market acceptance of the design of the product.

Accepted Answer

A) True 
 B)False

Question 11

What type of prototype model aims to simply test the design of the product?

Accepted Answer

A)  Low fidelity prototype 
B)  High fidelity prototype 
C)  Looks-like prototype 
D)  Works-like prototype 
E)  All prototype models; that is the whole point 
A)  Low fidelity prototype 
B)  High fidelity prototype 
C)  Looks-like prototype 
D)  Works-like prototype 
E)  All prototype models; that is the whole point

Question 12

Presenting a "Looks-like" prototype to the customer is challenging because it demands the customer to imagine the functionality of the product.

Accepted Answer

A) True 
 B)False

Question 13

A "minimum viable product" (MVP) is a version of a new product concept which allows a team to collect the maximum amount of feedback with the least effort.

Accepted Answer

A) True 
 B)False

Question 14

While historically 3D printing has been for ____________ and ____________, increasingly 3D printing is becoming an ____________.

Accepted Answer

A)  end manufacturing products, prototyping, model-making platform 
B)  model-making, plastic prototyping, final prototyping platform 
C)  paper prototyping, plastic prototyping, model-making platform 
D)  prototyping, model-making, end manufacturing platform 
E)  design prototyping, final products, functional prototyping platform 
A)  end manufacturing products, prototyping, model-making platform 
B)  model-making, plastic prototyping, final prototyping platform 
C)  paper prototyping, plastic prototyping, model-making platform 
D)  prototyping, model-making, end manufacturing platform 
E)  design prototyping, final products, functional prototyping platform

Question 15

What type of prototype model looks and functions like the final product concept?

Accepted Answer

A)  Low fidelity prototype 
B)  High fidelity prototype 
C)  Looks-like prototype 
D)  Works-like prototype 
E)  All prototype models, it is the whole point. 
A)  Low fidelity prototype 
B)  High fidelity prototype 
C)  Looks-like prototype 
D)  Works-like prototype 
E)  All prototype models, it is the whole point.

Question 16

Prototyping is the process of putting together working models in order to present ideas, test aspects of design, and gather early customer feedback. The more time and care you take to build the prototype, the better.

Accepted Answer

A) True 
 B)False

Question 17

Prototyping is the process of quickly putting together ___________.

Accepted Answer

A)  Working models 
B)  Tangible inventions 
C)  Product designs 
D)  An idea of a service 
E)  A paper prototype 
A)  Working models 
B)  Tangible inventions 
C)  Product designs 
D)  An idea of a service 
E)  A paper prototype

Question 18

"Looks-like" prototypes are valuable to test market acceptance of the functionality of the product.

Accepted Answer

A) True 
 B)False

Question 19

What type of prototype model aims to test the functionality of the product?

Accepted Answer

A)  Low fidelity prototype 
B)  High fidelity prototype 
C)  Looks-like prototype 
D)  Works-like prototype 
E)  All prototype models; that is the whole point 
A)  Low fidelity prototype 
B)  High fidelity prototype 
C)  Looks-like prototype 
D)  Works-like prototype 
E)  All prototype models; that is the whole point

Question 20

Developing fully-created products when exploring a new venture is usually __________, _____________ and ____________.

Accepted Answer

A)  Productive, enlightening, costly 
B)  Productive, enlightening, profitable 
C)  Time-consuming, costly, more enlightening than prototyping 
D)  Time-consuming, costly, extremely risky 
E)  Productive, costly, extremely risky 
A)  Productive, enlightening, costly 
B)  Productive, enlightening, profitable 
C)  Time-consuming, costly, more enlightening than prototyping 
D)  Time-consuming, costly, extremely risky 
E)  Productive, costly, extremely risky

Feedback from many potential customers will only confuse the entrepreneur, so prototyping must be done discretely. The fewer people testing the prototype, the better.

Developing and testing a Minimum Viable Product (MVP) focuses on first, and then in ___.

Generally, entrepreneurs move from one low fidelity prototype into several high fidelity prototypes because more testing has to happen to understand highly customized details.

In co-creation, target customers are engaged _ and __ in the process of idea generation and product development.

The core purpose of prototyping is to get feedback which can be acted on.

In recent years, the cost and complexity of 3D printing have _________ .

The growth of online crowdfunding and pitch videos, which are central to crowdfunding campaigns, have highlighted the value of ___________.

The most vital stage in the prototyping process is __________ .

Which are the steps of the prototyping process?

"Works-like" prototypes are valuable to test the market acceptance of the design of the product.

What type of prototype model aims to simply test the design of the product?

Presenting a "Looks-like" prototype to the customer is challenging because it demands the customer to imagine the functionality of the product.

A "minimum viable product" (MVP) is a version of a new product concept which allows a team to collect the maximum amount of feedback with the least effort.

While historically 3D printing has been for and , increasingly 3D printing is becoming an .

What type of prototype model looks and functions like the final product concept?

Prototyping is the process of putting together working models in order to present ideas, test aspects of design, and gather early customer feedback. The more time and care you take to build the prototype, the better.

Prototyping is the process of quickly putting together ___________.

"Looks-like" prototypes are valuable to test market acceptance of the functionality of the product.

What type of prototype model aims to test the functionality of the product?

Developing fully-created products when exploring a new venture is usually ____, _ and ______.

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

Feedback from many potential customers will only confuse the entrepreneur, so prototyping must be done discretely. The fewer people testing the prototype, the better.

Developing and testing a Minimum Viable Product (MVP) focuses on ______________ first, and then in _________________.

Generally, entrepreneurs move from one low fidelity prototype into several high fidelity prototypes because more testing has to happen to understand highly customized details.

In co-creation, target customers are engaged _______ and ________ in the process of idea generation and product development.

The core purpose of prototyping is to get feedback which can be acted on.

In recent years, the cost and complexity of 3D printing have _________ .

The growth of online crowdfunding and pitch videos, which are central to crowdfunding campaigns, have highlighted the value of ___________.

The most vital stage in the prototyping process is __________ .

Which are the steps of the prototyping process?

"Works-like" prototypes are valuable to test the market acceptance of the design of the product.

What type of prototype model aims to simply test the design of the product?

Presenting a "Looks-like" prototype to the customer is challenging because it demands the customer to imagine the functionality of the product.

A "minimum viable product" (MVP) is a version of a new product concept which allows a team to collect the maximum amount of feedback with the least effort.

While historically 3D printing has been for ____________ and ____________, increasingly 3D printing is becoming an ____________.

What type of prototype model looks and functions like the final product concept?

Prototyping is the process of putting together working models in order to present ideas, test aspects of design, and gather early customer feedback. The more time and care you take to build the prototype, the better.

Prototyping is the process of quickly putting together ___________.

"Looks-like" prototypes are valuable to test market acceptance of the functionality of the product.

What type of prototype model aims to test the functionality of the product?

Developing fully-created products when exploring a new venture is usually __________, _____________ and ____________.

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

Developing and testing a Minimum Viable Product (MVP) focuses on first, and then in ___.

In co-creation, target customers are engaged _ and __ in the process of idea generation and product development.

While historically 3D printing has been for and , increasingly 3D printing is becoming an .

Developing fully-created products when exploring a new venture is usually ____, _ and ______.