Validation Board Quiz

23 Questions | Total Attempts: 3231

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Validation Board Quiz

Test your understanding of using the Validation Board!


Questions and Answers
  • 1. 
    What is the top section of the board used for?
    • A. 

      To communicate the number of pivots a team has undergone since the original product concept.

    • B. 

      To clearly define a team’s Customer, Problem, & Solution Hypotheses.

    • C. 

      To show the evolution of a product as a team runs experiments on the product’s riskiest assumptions.

    • D. 

      All of the above.

    • E. 

      Both a & b.

  • 2. 
    Which of the following are correctly stated Problem Hypotheses?
    • A. 

      Two million bicycles are stolen in the US every year.

    • B. 

      Bicycle locks do not adequately protect the bicycle from theft.

    • C. 

      Existing iPhone games do not interact both socially and with the real world at the same time.

    • D. 

      Only 20% of households in the US recycle regularly.

    • E. 

      Both b & c.

    • F. 

      Both a & d.

  • 3. 
    The Problem Hypothesis must relate directly to the Customer Hypothesis.
    • A. 

      True

    • B. 

      False

  • 4. 
    How can a Customer Hypothesis be generated?
    • A. 

      Using demographic segmentation.

    • B. 

      Using brand-preference segmentation.

    • C. 

      Based on descriptive factors and a goal or action to be performed.

  • 5. 
    Can the Customer Hypothesis be based on the mass-market opportunity?
    • A. 

      Yes

    • B. 

      No, the Customer Hypothesis is always based on who a product’s early adopters will be.

  • 6. 
    Which of the following explains the Solution Hypothesis
    • A. 

      The hypothesis for the first version of a product.

    • B. 

      The hypothesis for the Minimum Viable Product.

    • C. 

      Both a & b.

  • 7. 
    What is an assumption?
    • A. 

      One of your hypotheses related to the customer.

    • B. 

      Something that is believed to be a fact by an entrepreneur.

  • 8. 
    What is the definition of a Core Assumption?
    • A. 

      Any assumption the business model relies on.

    • B. 

      Any assumption that if invalidated would cause the team to make a pivot.

    • C. 

      All of the above.

  • 9. 
    What is the definition of a Minimum Viable Product?
    • A. 

      The first version of a product.

    • B. 

      An experiment.

    • C. 

      The minimum amount of effort required to learn about your customers.

    • D. 

      All of the above.

    • E. 

      Both b & c.

  • 10. 
    What are the three Methods defined by Lean Startup Machine?
    • A. 

      Exploration, Pitch, & Concierge

    • B. 

      Exploration, Concierge, & Mockup

    • C. 

      Pitch, Concierge, Code

  • 11. 
    How does one decide on the correct Method?
    • A. 

      A mentor will tell you.

    • B. 

      There are only three stages, so pick which one based on which you think will invalidate the riskiest assumption.

    • C. 

      Always start with Exploration and then progress forward by opportunity cost & risk.

  • 12. 
    What do you do after deciding on the Method?
    • A. 

      Get Out Of the Building! (GOOB)

    • B. 

      Decide on the Minimum Success Criterion.

    • C. 

      Create a survey to collect customer leads.

  • 13. 
    What is the definition of the Riskiest Assumption?
    • A. 

      The two or three Core Assumptions that are the riskiest.

    • B. 

      The Core Assumption with the highest degree of uncertainty.

    • C. 

      Any assumption that could break the business model.

    • D. 

      All of the above.

  • 14. 
    The Riskiest Assumption is not subjective based on the team’s knowledge.
    • A. 

      True

    • B. 

      False

  • 15. 
    How should a team decide on the Riskiest Assumption?
    • A. 

      The team member with the most knowledge should push the team towards selecting a specific assumption.

    • B. 

      After a short period of discussion, the entire team should vote on which Core Assumption has the highest degree of uncertainty.

  • 16. 
    How do you set the Minimum Success Criterion?
    • A. 

      Everyone should agree on a % that constitutes a successful experiment.

    • B. 

      Everyone on the team should agree on how many customers to interview or unique visits to acquire and what response is considered a success.

    • C. 

      The team should decide on a number below which constitutes undeniable failure.

    • D. 

      First a, then c.

    • E. 

      First b, then c.

  • 17. 
    What is the next step after setting a Minimum Success Criterion?
    • A. 

      Decide on the interview questions.

    • B. 

      Get Out Of the Building! (GOOB)

  • 18. 
    The Riskiest Assumption is invalidated if:
    • A. 

      Eric Ries suggests that the Riskiest Assumption will not hold.

    • B. 

      The majority of the team feels that it is invalidated.

    • C. 

      The Minimum Success Criterion is not met.

  • 19. 
    A team should only pivot if:
    • A. 

      One of the Core Hypotheses is changed.

    • B. 

      The Riskiest Assumption is invalidated.

    • C. 

      A better idea is discovered while the team is out of the building.

  • 20. 
    What sticky notes are placed in the invalidated/validated boxes?
    • A. 

      The Minimum Success Criterion, MVP Stage, & Riskiest Assumption (on top) stickies all go in one box under invalidated or validated.

    • B. 

      The sticky notes from one experiment all go in the same box.

    • C. 

      All customer insights and learnings.

    • D. 

      All of the above.

    • E. 

      Both a & b.

  • 21. 
    The Validation Board is different from the Business Model Canvas & Lean Canvas in that:
    • A. 

      The Validation Board shows how a team pivots over time.

    • B. 

      The Validation Board is a productivity tool while BMC/LC are analysis tools.

    • C. 

      The Validation Board is designed for running experiments and getting out of the building.

    • D. 

      All of the above.

  • 22. 
    The main goal of the board is:
  • 23. 
    The vision of the board is: