Define and describe Lean Start-Up methodology.
What will be an ideal response?
ANSWER: The Lean Start-Up methodology provides a scientific approach to creating early venture concepts and delivers a desired product to customers' hands faster. Its philosophy originates from the Japanese concept of lean manufacturing, which seeks to increase value-creating practices and eliminate wasteful practices. The Lean Start-Up methodology begins with the premise that every new venture is a grand experiment that attempts to answer questions such as "Should this venture be created?" and "Will it be a sustainable business?"
The Lean Start-Up methodology was first developed in 2011 by Eric Ries, founder of IMVU Inc. as a way to prevent waste in start-ups and ensure that the business plan remains a living document. The hard truth is that no matter how much research is conducted, how many surveys are developed, and how accurate your financial predictions are, your new-venture concept will still be based on certain assumptions. These assumptions must either be validated or discarded as soon as possible.
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A. A projected misstatement resulting from errors found during sampling. B. A management estimate that is outside the range of reasonable outcomes determined by the auditor. C. A fixed asset being recorded at the incorrect cost. D. Difference in judgment between the auditor and management.
Serif typefaces ________
A) ?include Times New Roman and Century B) have small features at the ends of strokes C) suggest tradition, maturity, and formality D) all of these choices
As long as you put the research you find into your own words, you don't have to cite your source
Indicate whether the statement is true or false
The increase in the number of sources and data formats due to improved data capture technologies is an example of Big Data variety
a. True b. False