Write Ups #9 Questions and Answers

l. For statement 1-5. Write True if the statement is correct and False if otherwise.

1. A vision statement is what you want to accomplish.

2. A mission statement is how you want to do it.
3. Henry Ford said, "If I listen to my costumer how to solve their problem of transportation, I
would give them faster horses".
4. A fix point is a specific problem that prospective customers of your business are experiencing.
5. When you identified a particular costumer, you now try to understand non-leading costumer
questions.

ll. Read the following and choose the correct answer.

1. What do you call the riskiest assumption?

a) when you create the product and then you found out that the problem that is supposed to be
solving actually doesn't exist
b) when you don't assume
c) creating assumptions
d) when you don't think of assumptions

2. In a start-up, what would you do before creating a product?

a) you have to find the costumer persona to identify the problems they are trying to solve
b) you have to think for a plan
c) you have to exercise
d) you have to find the materials needed

3. What is a vision statement?

a) what you want to accomplish

b) what you want to fail
c) it is how you want to do it
d) it is how you fail it

4. What is a mission statement?

a) what you want to accomplish

b) what you want to fail
c) it is how you want to do it
d) it is how you fail it

5. In lean start-up, what do they want you to do?

a) they want you as a start-up to create a maximum variable product

 b) they want you to be unable to iterate to the process
c) they want you as a start-up to create a minimum variable product and be able to iterate to the
process
d) they want you to stop your plan

Answers:

l.

1. True
2. True
3. True
4. False
5. False

ll.

1. A
2. A
3. A
4. C
5. C