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EXIT EXAM SAMPLE ON THE COURSE (MIS, ENTREPRENEURSHIP)

1. Which one of the following is not true about Information?

A. In a digital age economy is primarily based on information.
B. Information for one person is necessarily information for another person.
C. Information is the key to effective planning and efficient management of any
organization
D. None of the above
2. While you are heading from strategic level (Top management) to operational level
(Operational Management) which one of the following statement describing well about
the relationship between information and organizational hierarchy?
A. Sources of information is changed from internal to external (Relatively)
B. Information becomes less structured(Relatively)
C. Sources of information is changed from external to internal (Relatively)
D. None of the above
3. Which one of the following characteristics of MIS allows a comprehensive view about an
organization?
A. Its Need based approach
B. Its Common data flow approach
C. System approach
D. Completeness
E. all
4. Which one of the following subsystems of MIS deals with top level management bodies
of an organization?
A. Strategic information system
B. Transaction Processing System
C. Decision Support System
D. A and B
E. A and C
5. One is different from the other, which one?
A. Mouse
B. Keyboard
C. Printer
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D. optical scanner
6. Information which has a capability to solve problems at hand can be described as
_________ information.
A. Accurate
B. Flexible
C. Relevant
D. Verifiable
E. None of the above
7. A key role of Management Information Systems is,
A. To develop and share documents that support day-today organizational activities.
B. To process business information
C. To materialize the business transaction data and produce insightful information which
assists managers in decision making
D. None of the above
8. Which one of the following is not a prerequisite for a good MIS?
A. Database
B. Support from Staff
C. Control and maintenance of MIS
D. MIS executives
9. _________ is a combination of hardware and software that controls the flow of incoming
and outgoing network traffic and prevents unauthorized communication into and out of
the network.
A. Firewall
B. Antivirus
C. Central database
D. None
10. Which one of the followings are not the primary characteristics of good information?
A. Economical
B. Timeliness
C. Accuracy
D. None of the above
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11. It is a necessity of the data to be _____ before it can be converted into information.
A. Processed
B. Transformed
C. Edited
D. None of the above
12. Which one of the following types of network covers less geographical area compare to
the others?
A. Metropolitan Area Network
B. Local Area Network
C. Wide Area Network
13. Which of the following is not an objective of MIS?
A. Supports in decision-making
B. Provides insightful information
C. Assist management people
D. Recruit people for system
14. Which one of the following is source of MIS?
A. Internal source
B. External source
C. Both internal and external source
D. None of the above
15. Which one is an internal source of information for MIS?
B. Customers care department
C. HR department
D. Marketing department
E. All
16. Which of the following steps is/are the implementation plans involved in MIS?
A. Preparing organizational plans
B. Planning of workflow
C. Training of personnel
D. All of the above
17. Which of the following is included in the Office automation systems?
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A. Word processing and spreadsheet

B. Electronic mail
C. Audio and Video conversation
D. All of the above
18. Which one is a true for a good Enterprise Resource Planning (ERP)?
A. Flexible ERP
B. Modularity
C. Extend within the company
D. All of these
19. The process of matching a question to information in the knowledge base in an expert
system is known as:
A. Deduction
B. Inclusion
C. Inference
D. None of the above
20. Strategic information and decision-making are important to _______.
A. Executive managers
B. Supervisors
C. Supporting staff
D. None
21. Abel woke up and went to the ATM to take money. He then went grocery store to buy
some products and paid with his debit card. He finished off his day by going to school
and registered online for his computer class. Abel has had multiple contacts with what
kind of information systems throughout his day?
A. EIS (Executive Information System)
B. MIS (Management Information System)
C. Transaction Processing System (TPS)
D. None of the above.
22. Which one of the following is the key reason for failure of MIS?
A. Users involvement form initial phase of development
B. Noninvolvement of end-user
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C. Documentation of specification
D. All of these
23. A TPS is commonly known as,
A. Trained Processing System
B. Transaction Processing System
C. Trainee presentable System
D. None of the above
24. A DSS stands for,
A. Decision Support System
B. Decisive Support System
C. Developed Support System
D. None of the above
25. The information flow in MIS should as per the,
A. Need of an organization
B. Management dependent
C. Information dependent
D. None of the above
26. Which of the following should be a good characteristic of a DSS?
A. Automate decision making process
B. Keep data storage
C. Gives a quick response to decision makers
D. None of the above
27. An effective information system which supports the planning and assists management is,
A. Enterprise Resource Planning
B. Transaction Processing System
C. Decision Support System
D. All of the above
28. The phases which are used in MIS design are as follows:
A. Problem identification → Analysis → Design → Implementation → Maintenance
B. Analysis → Problem identification → Implementation → Design → Maintenance
C. Problem identification → Implementation → Analysis → Design → Maintenance
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D. Implementation → Analysis → Design → Problem identification → Maintenance

29. __________________ is / are the most important and fundamental phases of SDLC.
A. Preliminary investigation
B. Requirement Analysis
C. Design, Testing and Implementation
D. All of the above
30. Economic feasibility is a study to complete the project within the budget.
A. True
B. False
31. Which one of the following phases of SDLC concerns with the integration of system
elements.
A. Implementation
B. Analysis
C. Requirement
D. None of these
32. Of which the following questions are not answered during the analysis phase?
A. What is the problem? What is the solution? Is solution feasible?
B. How much time required solving the problem?
C. How many resources will be required?
D. None of the above
33. With reference to System design, which of the following is not correct?
A. System design is a blueprint of proposed solution
B. It creates logical design
C. If any changes required during design, analysis phase shouldn’t be touched
D. None of the mentioned above
34. ___ is a SDLC phase which deploys the software to the production environment so users
can start using the product.
A. Deployment
B. Implementation
C. Testing
D. None of the mentioned above
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35. _____________ is designed to solve complex problems by reasoning through bodies of

knowledge.
A. Computer systems
B. Expert systems
C. Operating systems
D. Transaction processing systems
36. The expert systems are capable of doing except:
A. Producing accurate output for inadequate knowledge base
B. Decision making
C. Deriving a solution
D. All of the above
E. None of these
37. An Executive information system (EIS), also known as ___
A. Decision Support System (DSS)
B. Executive Support System (ESS)
C. Transaction Process System (TPS)
D. All of the above
E. None of the above
38. Amongst which of the following is not best suited for EIS:
A. Provides quick access to information with summarizing, selecting, detailing
B. Helps executives to identify problems and recognize that there are opportunities
C. ESS employ the most advanced graphics software
D. All of the above
E. None of the above
39. Which one of the following is the role of Executive information system in a company?
A. Improve efficiency
B. Better decision making
C. Insightful information
D. All of the above
E. None of the above
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40. __________ is a computerized system that performs and records the daily routine
transactions necessary to conduct business?
A. Transaction Processing System
B. Management Information System
C. Decision Support System
D. All of the mentioned above

41. Which one of the following could be the role of MIS in organization?

A. Effective planning and decision making

B. Efficient resource management of any organization:
C. Harnessing competitive advantage
D. All
E. none
42. Which one of the following Characteristics of an effective MIS stated about the
avoidance of data duplication in a system?
A. Systems Approach
B. Management Oriented.
C. Need Based:
D. Common Data Flow
43. Which one of the following components is brain of a computer?
A. The storage device
B. The central processing unit
C. The central database
D. None
E.
44. __________ is commonly used network topology in which computers/nodes are
connected to a central computer.
A. Bus topology
B. Star topology
C. Ring topology
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D. All
E. None
45. A fundamental characteristic of the database approach is that the database system
contains not only the database itself but also a complete definition or description of the
database structure and constraints. This concept can be represented by:
A. Meta-data
B. Database system
C. Network system
D. Data frequency
46. One is not the Characteristics of Marketing Information System, which one?
A. It is consciously developed master plan for marketing information flow
B. It integrates and coordinates among marketing planners, sales-force and external
environment.
C. It anticipates and prevents problems
D. All
E. None
47. Which components of marketing information system enable managers to obtain everyday
information about developments in the marketing environment?
A. Internal marketing information
B. Marketing intelligence system
C. Marketing Research system
D. All
E. None
48. Which one of the following is not a computer crime?
A. Unauthorized use, access, modification, and destruction of hardware, software, data,
or network resources
B. denying an end user access to his or her own hardware, software, data, or network
resources; and
C. Conspiring to use computer or network resources to obtain information or tangible
property illegally.
D. All
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E. None
49. Which one of the following is not an example of biometric security?
A. Password security
B. Fingerprints
C. Retina scanning
D. Face recognition
E. None
50. Which one of the following is represents facts and rules?
A. Knowledge base
B. Inference engine
C. Operating system
D. All of the above
E. None of the above
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51. Entrepreneurship is one of the most important inputs in the economic development of a
country. So which one is the major role played by an entrepreneur in the economic development
of a country?

A. Employment opportunity B. Reduce monopoly of economic power C. wealth creations D.

All.

52. ___ an entrepreneur does not only do things by him/herself, but also gets things done through
others.

A. Demonstrating Leadership B. Listening to Others C. Networking D. All

53. Thomas Edison When he was a young boy, Thomas Edison’s parents pulled him out of
school after teachers called him “stupid” and “un teachable.” Edison spent his teenage years
working and being fired from various jobs, culminating in his termination from a telegraph
company at age 21. Despite these setbacks, Edison never deterred from his true passion,
inventing. Throughout his career, Edison obtained 1,093 patents. And while many of these
inventions — such as the light bulb, stock printer, phonograph and alkaline battery — were
groundbreaking, even more of them were unsuccessful. Edison is famous for saying that genius
is “1% inspiration and 99% perspiration.” Which quality of entrepreneurship is paramount in the
aforementioned case?

A. inspiration C. Perseverance

B. Persuasion and Networking D. Planning

54. Which one of the following is true about the elements of people management skills of an
entrepreneur?

A) Strategy skills D) Financial skills

B) Negotiation skills E) All of the above

C) Project management skills

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55. ____refers to an entrepreneur quality by which entrepreneurs always makes concerted efforts
towards the successful completion of a goal.

A. Goal Setting B. Planning C. Persevering D. Information-

seeking

56. Some of the environmental factors which hinder entrepreneurial growth are

A. Unreliable supply of power, materials, finance, labor and other inputs.

B. Unfavorable market fluctuations

C. Non-cooperative attitude of banks and financial institutions

D. All

57. Which one is lies at the heart of the entrepreneurial process and is a means to the exploitation
of opportunity?

A. Inventor B. innovator C. Innovation D. All

58. One of the simplest methods that entrepreneurs can use to generate new ideas.

A. Forced Relationships B. Problem Inventory Analysis C. Free Association D. Focus Group

59. Among the following which one is Problems of Small Scale Business in Ethiopia?

A. Financial problems B. Production problems C. Marketing problems. D. All of the

above.

60. Which one is wrong?

A. Entrepreneurs must be able to understand the obstacles for growth.

B. Corporate social responsibility as a specific theory affirms that corporations are entities with
economic, legal, ethical, and philanthropic obligations.

C. Ethical principles are guides for decision making in business.

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D. Corporations responsible for a triple bottom line not seek sustainability in the economic,
social, and environmental realms.

61. The entrepreneur was distinguish from the capital provider

A.at middle ages B.15thc C.19thc and 20thc D. 18thc

62. The best entrepreneurs tend to the following except.

A. Set their own objectives where there is moderate risk of failure and take calculated risks
B. Gain satisfaction from completing a job well
C. Not be afraid of skepticism
D. Take responsibility for others actions
63. When a business encourages employees to be creative within the company, the practice is
called

A) Entrepreneurship. D) Intrapreneurship.
B) Implementing a mission. E) None
C) Creating Vision

64. Viewed the entrepreneur as a risk taker who buy(s) at an uncertain price therefore operating
at risk

A. Eli Whitney B. Edward Harrison C. Richard Cantillion D. Thomas Edison

65. Among the following factors, one is not factor that affect business from the external
environmental perspective.
A. Fluctuating interest rates D. Labor market trends
B. Management experience E. Inflation
C. Interrupted supplies F. None
66. There are a number of causes for business failure, which one of the following is NOT
considered as cause of business failure?
A. Management experience C. Conducive environment
B. Shortage of finance D. Unexpected occurrence
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67. Size and economic are the two approaches to define small scale business, thus, which of the
following is considered as size criteria
A. Volume of production C. Area of operation
B. Share of the market D. None of the above
68. The individual concentrates on the problem and becomes immersed in it.

A. Insight
B. Verification and Application
C. Immersion
D. Incubation

69. All are external business environment except

A. Legal Environment
B. Political Environment
C. Raw Material
D. All

70. Study of business environment offers the following benefits except

A. studying the environment entrepreneurs can make it hospitable to the growth of business.

B. maintains harmony of business operations with the environment.

C. It opens up fresh avenues for the expansion of new entrepreneurial operations
D. Knowledge about changing environment enables businessmen to adopt undynamic
approach

71. One is Essential Components of Business Plan

A. Executive Summary B. The Business C. Funding Requirement D. All

72. The kinds of utility that marketing provides in the process are;

A. Form Utility B. Place Utility C. Possession Utility D. Information Utility E. All

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73. The duration of a patent is ___years which may be extended for a further period of ___ years
if proof is furnished that the invention is properly worked in Ethiopia. Respectively:

A. 5, 6 B. 5, 15 C. 15, 5 D.2, 4

74. Which of the following is ways to Undertake Marketing Intelligence?

A. Unfocused scanning B. Informal search C. Formal search D. Semi-focused

scanning E. All.

75. _____ Is refers to informing your customers of your products and services and attracting
them to buy them.

A. place B. promotion C. Pricing D. product

76. Common routes of small business expansion include the following common options except

A. Growth through acquisition of another new business (almost always smaller in size)

B. Offering franchise ownership to other entrepreneurs

C. Licensing of intellectual property to third parties

D. None

77. ------------- The legal obligation of a business owner to use personal money and possessions
to pay the debts of the business

A. limited liability B. unlimited liability C. liability D. none

78. Idea generation is the first stage in product or service development process, which one of the
following is/are considered as the source of ideas for entrepreneur?
A. Potential customers C. Federal government
B. Distribution channel D. All of the above

79. One is sources of equity financing

A. Personal Savings C. Public Stock Sales

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B. Partners D. All

80. In commercialization stage of new product development, the company enjoys with the first
mover advantage; in which strategy is such type advantage may obtain?

A. First entry strategy C. Parallel entry strategy

B. Late entry strategy D. Non-entry strategy
81. Trademark law protects

A. Word B. numbers and letters C. Designers and logos D. All

82. All are barrier of creativity except

A. believes that I’m creative B. fear looking foolish C. avoiding ambiguity D. becoming
overspecialized

83. Because Tigist does not have enough time to read an entire 40-page business report, what
section of the report should she review to obtain an overview of the most important content?

A) Appendices D) Table of contents

B) Executive summary E) Conclusions
C) Cover sheet

84. Merits of debt financing except.

A. Allows the owner to retain large portion of ownership

B. Management and control, and greater return on equity

C. Preferable when the interest rate is high

D. None

85. When a manufacturer asks a business to collect information from customers concerning how
to improve a product (or changing its shapes), which type of utility is most likely to be affected?

A. Possession B. Place C. Time D. Form

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86. ________ pricing is the approach of setting a low initial price in order to attract a large

Number of buyers quickly and win a large market share.

A. Market-skimming C. Value-based

B. Market-penetration D. Leader

87. ______ is one in which the investment in plant and machinery (total asset) does not exceed
birr 100, 000 (one hundred thousand); and operates with 5 people including the owners.

A Micro Enterprise B. Partnership C. Corporation D. Small Enterprise

88. The ________ concept holds that consumers will favor those products that offer the most
Quality, performance, or innovative features.

A. Product B. Marketing

B. Production C. selling

89. Which of the following inventions cannot be patented by intellectual property protection?

office?

A. Methods of production D. naturally existed items

B. Products, instruments, physical objects. E. Chemical compounds, medicines

C. Combinations of physical matter

90. Which of the following is the critical elements of the process of entrepreneurship EXCEPT

A. The ability to perceive an opportunity.

B. The ability to commercialize the unperceived opportunity

C. The ability to pursue it on a sustainable basis.

D. The ability to pursue it through systematic means

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91. Innovations process

A. analytical process B. resource organizations C. implementations D. commercial

applications E. all.

92. All of the following are characteristics of an entrepreneurial personality EXCEPT:

A) the willingness to take risks D) Problem solving

B) the willingness to be a follower rather than a leader E) None

C) Creativity

93. A business arrangement where one party allows another party to use a business Name and
sell its products or services is known as__________.
A. A cooperative. C. a franchise.
B. An owner-manager business. D. a limited company.
94. _________________ refers to the failure to acknowledge or recognize the limits of personal
knowledge, skills and experience
A) Perception of risk D) Self-confidence
B) Law of small numbers E) None of the above
C) Overconfidence
95. Which of the following is NOT a common motivation of an entrepreneur?
A) Desire for independence. C) Search for personal and professional growth.
B) Desire to maintain the status quo. D) Search for more rewarding work.

96. Positive external trends or changes that provide unique and distinct possibilities for
innovating and creating value are called _____________.
A) Strengths B) Opportunities C) Weaknesses D) Threats E) All
97. Which of the following is not used to evaluate the feasibility of a business opportunity?
A) invention analysis D) SWOT analysis
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B) opportunity-cost analysis E) None

C) cost/benefit analysis

98. Which one is Levels of MSEs in Ethiopia?

A. Start-up B. Growth Level C. Maturity Level D. All

99. According to whom perspectives; entrepreneur is one who brings resource, labor, materials,
and other assets into combination that makes their value greater than before and also one who
introduces changes innovations.?

A. According to a psychologist perspectives B. According to a an economist perspectives

C. According to a capitalist philosopher perspectives D. none

100. The ________ is practiced most aggressively with unsought goods, goods that buyers

Normally do not think of buying, such as insurance, encyclopedias, and funeral plots.

A. marketing concept C. selling concept

B. production concept D. product concept

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EXIT EXAM SAMPLE ON THE COURSE (MIS, ENTREPRENEURSHIP)
 BIFTU GLOBAL COLLEGE
EXIT EXAM SAMPLE ON THE COURSE (MIS, ENTREPRENEURSHIP)

Answer sheet

1. 21. 41.

2. 22. 42.

3. 23. 43.

4. 24. 44.

5. 25. 45.

6. 26. 46

7. 27. 47.

8. 28. 48

9. 29. 49

10. 30. 50

11. 31.

12. 32.

13. 33.

14. 34.

15. 35.

16. 36.

17. 37.
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18. 38.

19. 39.

20. 40