TECHNOPRENEURSHIP & CYBERLAW Mock Exam 1 Mock Exam 1
University of Ilorin
This comprehensive mock exam for Technopreneurship & Cyberlaw (CPE 543) is designed for 600 Level Computer Engineering students at the University of Ilorin. It provides an excellent opportunity to test your understanding of critical entrepreneurial concepts, business management strategies, and the legal aspects of intellectual property and cyber law. The questions are carefully crafted from the course material, covering definitions, characteristics, processes, and practical applications across various topics.
About This Exam
This comprehensive mock exam for Technopreneurship & Cyberlaw (CPE 543) is designed for 600 Level Computer Engineering students at the University of Ilorin. It provides an excellent opportunity to test your understanding of critical entrepreneurial concepts, business management strategies, and the legal aspects of intellectual property and cyber law. The questions are carefully crafted from the course material, covering definitions, characteristics, processes, and practical applications across various topics.
Topics Covered
Exam Structure
- Question Formatmcq
- Total Questions100
- Estimated Duration150 minutes
- Difficulty LevelMedium
Learning Objectives
- •Understand the core concepts and characteristics of entrepreneurship.
Prerequisites
Students should have a foundational understanding of business concepts, management principles, and basic legal frameworks relevant to commerce. Familiarity with the course material for CPE 543 Technopreneurship & Cyberlaw is essential.
Sample Questions
Get a taste of what to expect in the full exam.
A key principle of innovation suggests that innovators should not attempt grandiose projects initially but rather begin small and build upon them for planned growth. This principle is known as:
Aim high
Action oriented
Start small
Learn from failure
Describe the primary service provided by "factoring of debts" to a business seeking to manage its receivables.
It provides long-term loans for capital expenditure.
It involves the sale of fixed assets to generate cash.
It entails a specialist institution taking over the management and collection of trade debts.
It offers interest-free credit for raw material purchases.
A company's decision to invest heavily in automation technology (Technological factor) to reduce production costs aims to gain a competitive advantage. This strategic move is a response to which element within the task environment?
Customers' changing preferences
Suppliers' raw material prices
Competitors' efficiency and market position
Labor market's skill availability
Which of the following characteristics primarily distinguishes an aspirational young entrepreneur, as highlighted in the context of entrepreneurial spirit?
A strong preference for stable, routine tasks
The ability to avoid all forms of risk
A focus on short-term gains rather than long-term vision
Persistent problem-solving and motivation towards achievement
Which financial statement within a business plan typically provides a summary of the business's assets, liabilities, and equity at a specific point in time, often generated annually?
Cash Flow Statement
Profit and Loss Statement
Balance Sheet
Personal Financial Statement
A music producer licenses a new track to a video game company, granting them the sole right to use the song in their upcoming game for five years. This type of license, where only one party is granted the right, is best described as what?
Non-exclusive license
Revocable permission
Exclusive license
General permission
A local bakery experiences a significant increase in demand for gluten-free products due to a growing health consciousness among consumers. This shift in consumer preference primarily falls under which category of external environmental factors?
Technological factors
Economic factors
Socio-cultural factors
Political/legal factors
An entrepreneur is preparing their business plan and needs to ensure that all claims made, particularly regarding financial estimates and projections, are well-supported and credible. Which characteristic of a business plan emphasizes this need for substantiation?
It is a working plan.
It is a mini plan.
It is realistic about financial estimate and projections.
It is a presentation plan.
Which of the following is considered one of the three primary types of environment in which an entrepreneur operates?
Competitive environment
Regulatory environment
Task environment
Financial environment
Within the internal environment of an organization, which factor relates to the specific desired results an organization intends to pursue and achieve within a specific time limit?
Organizational resources
Organizational objectives
Organizational behavior
Organization structure
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How to Prepare
Key Preparation Tips
- Review all course notes and lecture materials thoroughly, especially on definitions and key concepts.
Mistakes to Avoid
- •Confusing the different types of finance sources (short-term, medium-term, internal, external).
Success Criteria
A strong performance on this mock exam (e.g., scoring 70% or higher) indicates a solid grasp of Technopreneurship & Cyberlaw concepts, readiness to apply knowledge to scenarios, and a good foundation for success in the official University of Ilorin CPE 543 examination.
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