A Startup Is a Temporary Organization Designed for Finding and Elaborating

question 48

Multiple Choice

A startup is a temporary organization designed for finding and elaborating a sustainable business model in situations of extreme uncertainty. What ideas constitute the Lean Startup school of thinking? Which conclusion does NOT fit in this context?

• A) When a viable business model is achieved, the start-up process is over.
• B) The startup process is unique/specific and differs from later stages in the business process.
• C) Once the business model has proven itself to work, one enters the next stage - development stage.
• D) The development stage is clearly of a different nature - not characterized by extreme uncertainty.
• E) The development stage is not defined by "search, find and form a business model" and related processes.
• F) A business can be a startup forever.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion in a set of values.

Null Hypothesis

In testing, it is the presumption that no effect or no difference exists in the population, serving as the hypothesis that is formally tested.

P-value

A measure in statistical hypothesis testing that helps in determining the significance of results, indicating the probability of observing the data if the null hypothesis is true.

Simple Random Sample

A sample drawn in such a way that every member of the population has an equal chance of being selected.