What is a lean start-up?

		A lean start-up spends more time on beta testing.
		A lean start-up believes in spending all its resources in product features.
		Lean start-up means starting-up by bootstrapping only.
		A lean start-up's first aim is to develop a minimum viable product.

Which of the following technique is defined as "making do by applying combinations of resources at hand to new problems and opportunities"?

		Effectuation
		Bricolage
		Feasibility planning
		Lean start up

a

ccording to the BRIE causal model, under which category does the payment of salaries fall?

		Boundary
		Resources
		Intentionality
		Exchange

Which of the following is not a benefit that an entrepreneur can expect after writing a business plan?

		Ways to select, evaluate, and fine-tune their start-up activities.
		A reality check that helps avoid inbuilt cognitive biases.
		Credibility among external stakeholders.
		Guaranteed high growth for the start-up.