FREE Product Management MCQ Questions and Answers

Question 1

True/False: Product marketing in an established market and a new market should be identical.

Accepted Answer

False

Answer

True

Question 2

During conceptualization, which of the following is not D?

Accepted Answer

Develop

Answer

Define

Answer

Design

Answer

Discovery

Question 3

Monetary costs or gains that are difficult to measure

Accepted Answer

Intangible Costs or Benefits

Answer

Tangible Costs or Benefits

Answer

Cash Flow Analysis

Question 4

Which of the following would you prioritize as a product manager when creating a portal for Indian rural women?

Accepted Answer

Focus on something that has mass pull

Answer

Build a website that can render on low bandwidth

Answer

Focus on mobile as a device

Answer

Focus on visual (image) based delivery because of illiteracy

Question 5

Which of the following would you prioritize while building your product if you were a product manager creating a portal for Indian Rural Women?

Accepted Answer

Focus on something that has mass pull

Answer

Focus on mobile as a device

Answer

Focus on visual (image) based delivery because of illiteracy

Answer

Build a website that can render on low bandwidth

Question 6

The issue with SCRUM is that

Accepted Answer

Is better suited for custom software development

Answer

Documenting what is required

Answer

Accommodating change

Answer

Agility is lesser than other techniques such as extreme programming

Question 7

Both existing markets and new markets should use the same marketing strategies for items.

Accepted Answer

False

Answer

True

Question 8

What is the most crucial factor in determining if a product will succeed commercially?

Accepted Answer

Market capital

Answer

Great team

Answer

Great product

Answer

All of the above

Question 9

Which of the following is MOST crucial for a company producing creative products?

Accepted Answer

Culture

Answer

Metrics

Answer

Marketing

Answer

Customer focus

Question 10

The MAIN reason why Google Wave failed is because

Accepted Answer

It tried changing the consumer habit

Answer

It was not a good product

Answer

The team behind the product was not good

Answer

It did not stand for anything concrete