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Originally Posted by Bobblehead
I think the one quote hit it on the head:
They memorize well, but don't understand as well.
I know in the different jobs in my life, there are many times when I understand a problem, and recall from school or training there is a method for tackling the issue. I can then easily look up the solution and continue on my way. It would have done me no good to have the specific solution memorized but not understand how or where to apply it in the real world.
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This may apply to some subjects, but the tests I've taken so far this year are 95% applying knowledge. If you don't understand the material you will not do well.