
Prototyping Of Startup Ideas & Reflection and Action
Quiz
•
Financial Education
•
9th - 12th Grade
•
Practice Problem
•
Hard
Sriram R
FREE Resource
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
5 mins • 11 pts
What is the main purpose of prototyping in entrepreneurship?
To make money quickly.
To identify problems early.
To create a final product immediately.
To impress friends.
2.
MULTIPLE CHOICE QUESTION
5 mins • 11 pts
Why is getting feedback important during the prototyping process?
To ignore criticism.
To discourage further work.
To make the product perfect.
To improve the idea.
3.
MULTIPLE CHOICE QUESTION
5 mins • 11 pts
What is one benefit of creating a prototype for a startup?
It increases the risk of failure.
It reduces the need for improvements.
It makes the idea less tangible.
It attracts potential investors.
4.
MULTIPLE CHOICE QUESTION
5 mins • 11 pts
Which of the following is NOT a benefit of prototyping in entrepreneurship?
Identifying problems early.
Making the product perfect immediately.
Learning from failures.
Visualizing the business idea.
5.
MULTIPLE CHOICE QUESTION
5 mins • 11 pts
What can prototyping help the Grade 8 Students to build?
Fear of failure.
Initial investment.
Business skills.
Competitive spirit.
6.
MULTIPLE CHOICE QUESTION
5 mins • 11 pts
How can prototyping help in reducing the risk of a startup's failure?
By making the product perfect immediately.
By hiding the flaws of the idea.
By identifying and fixing problems early.
By avoiding feedback from others.
7.
MULTIPLE CHOICE QUESTION
5 mins • 11 pts
What is one way in which a prototype can benefit an entrepreneur in attracting customers?
By being expensive and luxurious.
By being complex and hard to understand.
By being simple and easy to use.
By being similar to other existing products
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