NPTEL Entrepreneurship Week 2 Assignment Answers 2024
1. The value chain of a start-up firm tends to get built in reality based on:
- Aspirations that the firm would like to have
- Competencies that the firm builds
- Emotions that bind the founders
- The perceptions of investors
Answer :- b
2. The success of many start-ups such as RedBus, Swiggy, Airbnb, Uber and make my trip was based on
- Treating demand and supply separately
- Focussing only on demand
- Focussing only on supply
- Aggregating and linking demand and supply digitally
Answer :- d
3. Which of the following is not an ideal project for Ideation Workshop?
- Design of a new retail store format
- Design of a compact battery for smartphone
- Simplifying a multi-country production network
- Computerised improvement of an existing design
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4. The fundamental and the first step of design thinking is:
- Designing a product or service
- Empathising with the customer
- Prototyping
- Developing a market plan
Answer :-
5. What is the correct basic sequencing of entrepreneurial product or service development?
- Prototyping-Testing-Validation-Ideation-Commercialisation
- Prototyping-Ideation-Testing-Validation-Commercialisation
- Ideation-Validation-Testing-Prototyping-Commercialisation
- Ideation-Prototyping-Testing-Validation-Commercialisation
Answer :-
6. Prototype costs will usually be:
- Much lower than final product costs
- Much higher than final product costs
- Same as the final product costs
- None of the above
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7. The PCT process is ideal when the applicant is not sure of the national markets to target at the time of application because:
- Patents are automatically granted for all member states
- There is no need to approach national filings again
- The single PCT filing is treated as the initial application for any member country
- PCT applications are applicable for non-member states also
Answer :-
8. Myer-Briggs Type Indicator (MBTI) classifies the participants in the test into personality groupings. How many personality typology groups are offered as per MBTI?
- Four
- Twelve
- Sixteen
- Twenty
Answer :-
9. Why do start-up founders slow down once their firms reach a scale?
- Big businesses tend to be slow-growing
- Big businesses tend to become structured and bureaucratic
- Founders are not interested in big businesses
- Big businesses no longer require founders
Answer :-
10. Which of these is not one of the personality polarity pairs in MBTI?
- Extraversion – Introversion
- Sensing – Intuition
- Thinking – Speaking
- Judging – Perceiving
Answer :-
11. Holistic prototype development requires:
- A clear understanding of the problem that is being solved
- A creative solution to address the problem
- Design and manufacturing capability
- All of the above
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12. BDC entrepreneurial potential self-assessment considers:
- Only motivations
- Only aptitudes
- Only Attitudes
- All the above three
Answer :-
13. In MBTI personality typology, every participating person is assessed on:
- 16 opposing pairs of personality traits
- 4 opposing pairs of personality traits
- 2 opposing pairs of personality traits
- 8 opposing pairs of personality traits
Answer :-
14. What would turn out to be the risks of prototype development?
- Improper identification of the problem
- A solution misaligned to the problem
- Dependence on obsolete technologies and components
- Any or all of the above
Answer :-
15. Paperboat is an Indian startup that succeeded with a thematic grid that combined:
- Ethnic Indian beverages with Ethnic Indian packaging
- Global beverages with Ethnic Indian packaging
- Ethnic Indian beverages with Contemporary modern packaging
- Global beverages with Global packaging
Answer :-
16. A true design thinking and ideation exercise involves:
- Accepting the status quo
- Questioning the basics
- Relying on experts
- None of the above
Answer :-
17. For any start-up idea to fully succeed the following must be fulfilled:
- Desirability for the customer
- Feasibility for the company
- Viability for the customer and the company
- All of the above
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