BIG EXAM is a term used to describe a major assessment that is typically taken at the end of a semester or school year. It is usually composed of three parts: an ORAL exam, a midterm, and a FINAL. An ORAL exam is a type of assessment where students are asked to answer questions verbally in front of an examiner. A midterm is an assessment given halfway through a course or semester. A FINAL is an assessment given at the end of a course or semester.