Incorporating Multiple-Choice Questions into an AACSB Assurance of Learning Process: A Course-Embedded Assessment Application to an Introductory Finance Course

Author: Michael Santos, Ph.D.; Aidong Hu, Ph.D.; Douglas Jordan, Ph.D.

Publication: Journal of Education for Business

Publication Date: January 17, 2014

Abstract:
The authors offer a classification technique to make a quantitative skills rubric more operational, with the groupings of multiple-choice questions to match the student learning levels in knowledge, calculation, quantitative reasoning, and analysis. The authors applied this classification technique to the mid-term exams of an introductory finance course in six sections, with 191 junior and senior business students using a course-embedded assessment methodology and a regional test in California revealing that there were shortcomings in our teachings of financial facts and concepts.

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