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Assurance of Learning, "Closing the Loop": Utilizing a Pre and Post Test for Principles of Finance

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Flanegin, Frank; Letterman, Denise; Racic, Stanko; Schimmel, Kurt – Journal of Case Studies in Accreditation and Assessment, 2010

Since there is no standard national Pre and Post Test for Principles of Finance, akin to the one for Economics, by authors created one by selecting questions from previously administered examinations. The Cronbach's Alpha of 0.851, exceeding the minimum of 0.70 for reliable pen and paper test, indicates that our Test can detect differences in…

Descriptors: Finance Occupations, Business Administration Education, Educational Principles, Pretests Posttests