NPTL Past Paper PDF

s:20 ,Ill LTE 81+ ◄ WhatsApp 1. What makes an idea valuable even if it fails? a. Ignoring the failures and moving on to a completely unrelated project b. Ability to learn valuable les...

s:20 ,Ill LTE 81+ ◄ WhatsApp 1. What makes an idea valuable even if it fails? a. Ignoring the failures and moving on to a completely unrelated project b. Ability to learn valuable lessons and insights from the failure [X) c. Isolating oneself from collaborators and stakeholders to avoid blame d. Blaming external factors and disassociating from any responsibility 2. What characteristic is most essential for a business to achieve success? a. Focusing solely on minimizing expenses without prioritizing product quality b. Relying solely on intuition and disregarding the need for strategic planning c. Ignoring customer feedback and market trends in decision-making d. Ability to effectively deliver the product and ensure a consistent income stream [X) 3. The Lean Startup methodology stresses the Importance of What In product development? a. Continuous learning and customer validation [X) b. Planning and execution in business c. Finance and product ideas in entrepreneurship d. Graduating with degrees and becoming entrepreneurs 4. How can we define evidence-based entrepreneurship? a. A program offered by the GDC for Innovation and Entrepreneurship b. A method that builds what customers want, quickly and effocienUy. c. A methodology that focuses on making decisions based on evidence [X] d. A method that emphasizes customer validation and Iterative development 5. How does the GDC contribute when it comes to fostering innovation and entrepreneurship? a. Discourage innovation within the Institute b. Provide connections between the Institute and the marketplace to enhance the environment for Innovation and entrepreneurship pg c. Provide networking opportunities for academic purposes d. Focus solely on theoretical research without practical applications 6. In the Lean Startup methodology, what's the primary objective when launching a new product or service? a. Customer development and iterative development [X) b. Company building and reducing the risk of failure c. Agile engineering and continuous learning d. Planning and execution in startups 7. How does entrepreneurship contribute towards an economic growth? a. By developing a robust business model b. By solving problems and spotting opportunities [X) c. By focusing on customer discovery and validation d. By offering programs for startups to validate their Ideas 8. How does an idea become "disruptive"? a. By avoiding any changes and maintaining the current ecosystem b. By disrupting the current market ecosystem [X) c. By imitating successful competitors d. By stricUy adhering to the current market standards and avoiding innovation 9. Some of the most common mistakes that startups make are: i storage.googleapis.com 9. Some of the most common mistakes that startups make are: a. Overestimating the number of potential customers b. Building a solution without talking to potential customers c. Misjudging the urgency of the need d. All of the above ()g 10. What fundamental problem does selling a product or service aim to address? a. Implement complex marketing strategies. b. Maximize profit margins. c. Identify customer and market needs [~ d. Offer discounts and promotions.  s:21 ,di LTE 81t ◄ WhatsApp 1. Which among the following could be a crucial factor in a team's unity and success? a. Individual achievements b. Lacie of diversity c. Frequent disagreements d. Common ideology [X] 2. How do customer interactions contribute to a startup's success? a. Developing a cutting-edge technological infrastructure b. Securing a prime office location with a great view c. Gaining a deeper understanding of customer needs 12