Question 1

What is the purpose of a prototype in start-up development?

Accepted Answer

To test and validate the product idea

Answer

To market the product to customers

Answer

To secure funding from investors

Answer

To develop the final product

Question 2

What is the meaning of the term 'unicorn' in the start-up ecosystem?

Accepted Answer

A start-up valued at $1 billion or more

Answer

A start-up with a single founder

Answer

A start-up with no revenue

Answer

A start-up focused on non-profit ventures

Question 3

What is a pivot in the context of start-up development?

Accepted Answer

A change in business strategy

Answer

An expansion into new markets

Answer

A merger with another company

Answer

A financial investment

Question 4

What does the term 'bootstrapping' mean in the context of start-ups?

Accepted Answer

Self-funding

Answer

Acquiring loans from banks

Answer

Launching a crowdfunding campaign

Answer

Seeking venture capital

Question 5

What is the purpose of a business model canvas for a start-up?

Accepted Answer

To visualize and plan the key aspects of the business

Answer

To design the company logo

Answer

To develop marketing strategies

Answer

To track financial performance

Question 6

What is a venture capitalist?

Accepted Answer

An investor

Answer

A marketing expert

Answer

A business consultant

Answer

A software developer

Question 7

What is the purpose of a minimum viable product (MVP) in start-up development?

Accepted Answer

To test the market

Answer

To secure funding

Answer

To generate immediate profit

Answer

To establish long-term goals

Question 8

What is a pitch deck in the context of a start-up?

Accepted Answer

A presentation

Answer

A product prototype

Answer

A financial statement

Answer

A marketing campaign

Question 9

Which of the following is an example of a start-up company?

Accepted Answer

Uber

Answer

McDonald's

Answer

Amazon

Answer

Coca-Cola

Question 10

What is one common characteristic of successful start-ups?

Accepted Answer

Innovation

Answer

Stagnation

Answer

Complacency

Answer

Conservatism

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