EE 460 FINAL (QUIZ #1- #10) QUESTIONS
AND ANSWERS WITH SOLUTIONS 2024
Startups are essentially a smaller version of large companies - ANSWER False
Start-ups are about searching while large companies focus on execution - ANSWER True
When is comes to start-ups: - ANSWER -It is not important that that research be done completely in
house before testing assumptions outside the office
-It is not important to complete a comprehensive business plan before doing anything else
From the How to build a startup lessons 1-2: Founders of a start-up should seldom meet directly with
customers in the field to present a product solution and value proposition (that is the job of the Sale &
Marketing Manager) - ANSWER False
From the How to build a startup lessons 1-2: Choose the statement that is most accurate: - ANSWER - C
More start-ups fail due to a lack of customers
-More start-ups succeed rather than fail
-More start-ups fail from a failure of product development
The Product Development Process is described as (in order)? - ANSWER Define, Design, Build, Validate,
Release
What does ABET stand for? - ANSWER Accreditation Board of Engineering & Technology
During the project lifetime from inception to product release, the cost to implement design changes over
time hardly changes as all. - ANSWER False
what would you expect to happen to costs to implement design changes once a product is released into
production and in the field (in customers hands)? - ANSWER Design changes would be very expensive
because once the product is released to customers it is out of the direct control of a few people in the
development team
, The World-Class Engineer is typically identified as: - ANSWER Aware of the World, Solidly Grounded,
Technically Broad, Effective in Groups, Versatile, Customer Oriented
What is an MVP? - ANSWER Minimum Viable Product
Is an MVP essentially the Beta Product? - ANSWER False
What is the purpose of an MVP? - ANSWER Test ability of product to meet the minimum customer needs
Types of Value Propositions are: - ANSWER Derived from intersection of technology and market insight
Start-ups tend to over analyze the needs of the customer when communicating directly with them. -
ANSWER False
From the Lecture review the "Needs Statement" identifies and motivates the need for the project and
should: - ANSWER Should describe the problem being solved or unmet need
From the Lecture, Customer Value is Described as - ANSWER Benefits per Costs
From the Lecture, you should fall in love with the solution and not the problem. - ANSWER False
From the Lecture, in understanding What you want to do and Why, and How you will achieve it, the
"What" is the most important. - ANSWER False
Is it a waste of an engineer's time getting the customers opinion of competitive solutions? - ANSWER NO
A World Class Engineer is: - ANSWER 1. Recognizes Market Competition
2. Multidisciplinary
3. Satisfies Customer Need's
4. Has Business Knowledge
AND ANSWERS WITH SOLUTIONS 2024
Startups are essentially a smaller version of large companies - ANSWER False
Start-ups are about searching while large companies focus on execution - ANSWER True
When is comes to start-ups: - ANSWER -It is not important that that research be done completely in
house before testing assumptions outside the office
-It is not important to complete a comprehensive business plan before doing anything else
From the How to build a startup lessons 1-2: Founders of a start-up should seldom meet directly with
customers in the field to present a product solution and value proposition (that is the job of the Sale &
Marketing Manager) - ANSWER False
From the How to build a startup lessons 1-2: Choose the statement that is most accurate: - ANSWER - C
More start-ups fail due to a lack of customers
-More start-ups succeed rather than fail
-More start-ups fail from a failure of product development
The Product Development Process is described as (in order)? - ANSWER Define, Design, Build, Validate,
Release
What does ABET stand for? - ANSWER Accreditation Board of Engineering & Technology
During the project lifetime from inception to product release, the cost to implement design changes over
time hardly changes as all. - ANSWER False
what would you expect to happen to costs to implement design changes once a product is released into
production and in the field (in customers hands)? - ANSWER Design changes would be very expensive
because once the product is released to customers it is out of the direct control of a few people in the
development team
, The World-Class Engineer is typically identified as: - ANSWER Aware of the World, Solidly Grounded,
Technically Broad, Effective in Groups, Versatile, Customer Oriented
What is an MVP? - ANSWER Minimum Viable Product
Is an MVP essentially the Beta Product? - ANSWER False
What is the purpose of an MVP? - ANSWER Test ability of product to meet the minimum customer needs
Types of Value Propositions are: - ANSWER Derived from intersection of technology and market insight
Start-ups tend to over analyze the needs of the customer when communicating directly with them. -
ANSWER False
From the Lecture review the "Needs Statement" identifies and motivates the need for the project and
should: - ANSWER Should describe the problem being solved or unmet need
From the Lecture, Customer Value is Described as - ANSWER Benefits per Costs
From the Lecture, you should fall in love with the solution and not the problem. - ANSWER False
From the Lecture, in understanding What you want to do and Why, and How you will achieve it, the
"What" is the most important. - ANSWER False
Is it a waste of an engineer's time getting the customers opinion of competitive solutions? - ANSWER NO
A World Class Engineer is: - ANSWER 1. Recognizes Market Competition
2. Multidisciplinary
3. Satisfies Customer Need's
4. Has Business Knowledge
