Lean Startup Methodology Quiz

What is the main purpose of the Lean Startup methodology?

• To create detailed business plans

• To reduce costs by eliminating marketing

• To test and validate ideas through fast iterations

• To hire the best employees

• To outsource product development

Which of the following is a key concept of Lean Startup?

• Plan, Execute, Review

• Build, Measure, Learn

• Innovate, Scale, Profit

• Design, Market, Sell

• Invest, Grow, Sustain

What does MVP stand for in Lean Startup methodology?

• Most Valuable Prototype

• Minimum Viable Product

• Maximum Visual Presentation

• Multi-Version Platform

• Minor Version Production

Which of the following is NOT a core principle of Lean Startup?

• Startups are experiments

• Entrepreneurs are everywhere

• Build-Measure-Learn feedback loop

• Always scale before testing

• Validated learning through experimentation

What is the purpose of an MVP in Lean Startup?

• To provide the final version of the product

• To test assumptions quickly and at a low cost

• To scale the business globally

• To replace all competitors

• To hire employees

What was Dropbox's MVP in its early stages?

• A fully built cloud storage platform

• A demo video explaining the product

• A subscription-based service

• A prototype of the app

• A free trial version

Which company tested the idea of short-term rentals by renting air mattresses in their living room?

• Dropbox

• Airbnb

• IMVU

• Tesla

• One Medical

In the Lean Startup cycle, what comes after building an MVP?

• Marketing

• Scaling

• Gathering customer feedback

• Fundraising

• Hiring developers

Which of the following is an example of Lean Startup in the Arts?

• Facebook's initial social network for Harvard students

• A biotech startup testing a medical device

• A director releasing short trailers to gauge audience interest

• Tesla Roadster

• One Medical's telehealth service

Which of the following is an example of Lean Startup in Engineering?

• Airbnb renting air mattresses

• Tesla Roadster testing the market for high-end electric cars

• Facebook launching for Harvard students

• IMVU testing user behavior

• Zappos selling shoes without stocking them