Quote:
Originally Posted by Makarov
I can't understand why, apart from professor laziness, any exam has multiple choice questions on it.
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Actually multiple choice can sometimes be a tougher exam for Finance subject matters. The key to make the exam tough is for the wrong choices make them numerically add up to what the test taker would have arrived to had he/she made a tiny error or an common erronous assumption in their calculations.
It's also highly effective at testing multiple components of a concept by introducing the following answer template:
A) i, ii, and, iv
B) ii, iii, and iv
C) i, iii, and iv
D) i, ii, and iii
E) Only ii, and iii
It really avoids the problem of having a short answer test where test takers can BS their way into 1/2 marks or where answers are not consistantly marked across the entire class.
Of course this wouldn't be appropriate for a law exam, but the exam the poster was referring to was not a law exam.