I & E Quiz 2

Which of the following is considered the most crucial factor for a startup's success?

• Access to funding

• Market timing

• Experienced team

• Unique product

Which innovation methodology focuses on creating minimal viable products (MVPs) to test ideas quickly?

• Waterfall Model

• Design Thinking

• Lean Startup

• Six Sigma

What is the primary focus of the annual CES (Consumer Electronics Show)?

• AI and machine learning

• Consumer technology innovations

• Startup funding

• Corporate mergers

Which global startup event is known for its 'Startup Battlefield' competition?

• TechCrunch Disrupt

• Web Summit

• SXSW

• Slush

What is the primary advantage of using transformer-based architectures in AI over traditional RNNs?

• Lower computational cost

• Better handling of long-range dependencies

• Simpler implementation

• Reduced data requirements

Which AI technique is commonly used for generating human-like text?

• Convolutional Neural Networks (CNN)

• Generative Adversarial Networks (GAN)

• Recurrent Neural Networks (RNN)

• Natural Language Processing (NLP)

What is the primary objective of a Minimum Viable Product (MVP)?

• Maximize profit

• Test assumptions with minimal resources

• Capture the entire market

• Showcase final product features

Which of the following best describes 'bootstrapping' a startup?

• Relying on venture capital

• Using personal savings and revenues

• Acquiring multiple investors

• Developing a fully automated product

What is a common characteristic of disruptive innovation?

• Incremental improvements to existing products

• High-cost solutions for niche markets

• Creating new markets by addressing underserved needs

• Building on well-established business models

Which entrepreneurial model focuses on creating social change rather than financial profit?

• Social Entrepreneurship

• Corporate Entrepreneurship

• Intrapreneurship

• Franchise Model