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1. Which of the following measures would help you understand the potential market for your product?
(choose the best answer)
Response:
A) All of the above.
B) Net Promoter Score (NPS).
C) Usage Index.
D) Market Share trends.
E) Quarterly revenue trends.
2. Beliefs in what is valuable are merely assumptions until they are validated by customers.
Response:
A) TRUE
B) FALSE
3. Which of the following statements is true:
(choose the best answer)
Response:
A) Delivering a solution and gathering feedback provides valuable insights for what to do next.
B) Spending more time identifying and mitigating risk helps to increase the chance of success.
C) Empirical approaches are best suited for simple problems.
D) The more time spent defining and reviewing project requirements helps to increase the chances of success.
4. An experiment will help you to:
(choose the best answer)
Response:
A) create a work plan for a product release.
B) create reliable estimations.
C) understand how users use the product.
D) validate or reject a hypothesis.
5. Product A is the main driver of both revenue and profit for your company; it has very happy customers (high Current Value) and low Unrealized Value. Product B is relatively new; it has low Current Value and high Unrealized Value.
Both Product Owners of the two products are requesting significant additional funding to improve their products. What do you do?
(choose the best answer)
Response:
A) Split funding equally between both products.
B) Split funding proportionally based on product revenues.
C) Invest funding in Product B, because it has more future potential for the company.
D) Invest funding in Product A, because your company's success depends on its continued success.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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