Quote:
Originally Posted by Cowboy89
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.
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I agree with the first point, but this wasn't a numbers test at all. Completely theory.
My problem with it is that when you have a slide in your notes with the ownership structures of 50 countries larger companies and all you really mention in class on it is that you can see some are more owned by families, governments, pension funds etc, and then go ask the following question:
Which of the following countries large companies are primarily owned by wealthy families:
a)Agrentina
b)Norway
c)Hong Kong
d)Sweden
e)All except a
f)All except b
g)All except c
h)All except d
i)All of the above
j)None of the above.
Thankfully I knew the answer was f) but only because i had been talking to a buddy about the Norway pension fund a couple weeks ago. It was never even mentioned in class.
Trivial #### like that and what analysis techniques did so and so use in his 70 page paper on such and such are not good questions.