California State University, Fullerton ASSESSMENT CONFERENCE XIX Presentation on Business Assessment Test BAT Jay Grosflam Assessment & Accreditation California State University, Long Beach March 20, 2015 OFFICE - 562.985.5698 CELL – 310.498.2332 jay.grosflam@csulb.edu Business Assessment Test 2015 BAT developed in 2004. New 2015 BAT test in place for online or paper version. Results used for AACSB accreditation and Assurance of Learning. BAT tests for Business Functions / Quantitative & Technical Skills 17,698 tests given to date. 2013 – 1374 tests given. 2014 – 2956 tests given. 2015 – Number of California schools increasing – in talks with UC schools and private Universities in / out of California. BAT Subject Coverage ACCOUNTANCY ECONOMICS FINANCE MANAGEMENT INFORMATION SYSTEMS MARKETING STATISTICS MANAGEMENT INTERNATIONAL ETHICS OPTIONAL: BUSINESS LAW SUPPLY CHAIN MANAGEMENT ~ Universities can request all, or a subgroup of segments, with more segments being developed CSULB undergraduate Learning Goals for AACSB Critical Thinking Ethics Team & Interpersonal Skills Communication Skills Business Functions – tested by BAT Quantitative & Technical Skills – tested by BAT Domestic & Global Environment BAT Purpose Create a benchmark for Business schools to compare and evaluate student learning effectiveness. Develop a knowledge test for undergraduate students in California. BAT - Assesses Business Function / Quantitative Skills in the Assurance of Learning for AACSB. Assessment results provide valuable program input to improve the learning experience and Close the Loop. Cost effective assessment ($5 per test – revenue neutral) to support AACSB Assurance of Learning. I offer my assistance to show how we incorporate BAT results AACSB Assurance of Learning usage. BAT Strengths 11 years of successful implementation. Since 2004. Localized questions for the California State University system. Customizable BAT test to your particular requirements. Preview of all test question. Quick turnaround of customizable results. End data usable for AACSB Assurance of Learning requirement. Results used in over 15 separate university AACSB accreditation Assurance of Learning reports. AOL Process Mission Learning Goal Learning Objective Develop Measurement Evaluate Improvements Close the loop Collect Data Measure 1 Collect Pilot Data Measure 2 Analyze Data Implement Improvements Identify Needed Improvements AACSB Assessment Direct versus Indirect Assessment Direct = Student work - Exams, projects, papers, portfolios. Indirect = Business Assessment Test Elective versus Core Course Assessment Did you know…? Program level Assessment versus Course Level Assessment Assessment of learning focuses on the results of a PROGRAM Classes a student could have taken Intro to IS Intro to Marketing Intro to Finance Intro to Management Intro to Statistics Participating Universities SFSU CSUN CSU Sonoma CSU San Marcos CSU Long Beach CSU Bakersfield CSU Stanislaus Cal Poly SLO CSU Dominguez Hills CSU San Bernardino SJSU CSU Humboldt CSU East Bay Hong Kong Baptist University BAT 2014 Q4 2014 1 2 3 4 CSULB 5 6 N ACCT ECON FIN BLAW MGMT MIS MKTG STAT SCM INTL ETHICS 131 1068 194 38 167 910 259 2715 48.31 48.03 30.64 48.65 45.87 43.95 46.885 50.34 50.61 41.13 43.24 50.26 45.34 47.1 54.87 53.78 39.2 55.86 55.39 43.95 53.835 34.88 45.55 24.47 36.82 39.99 37.72 38.615 68.81 65.6 57.64 70.52 71.31 60.88 66.65 51.44 48.51 41.5 55.07 50.28 47.49 55.8 57 58.01 43.19 54.86 63.64 45.94 60.76 48.46 51.35 38.51 52.97 51.93 45.94 47.23 50.38 54.56 47.87 58.11 54.86 48.36 54.57 57.69 48.65 42.13 47.57 45.73 42.57 44.105 90 86.4 82.98 86.49 92.19 87.44 93.21 48.76 46.16 55.68 38.14 70.58 54.23 59.3 52.87 56.6 40.86 91.48 AVERAGE CSU % PER SEGMENT AY 2013 14 ID 104850094 000148842 104874872 104262572 104397512 101690067 102992641 103454635 104341040 Overall Score - 80 Q's 40.00% 57.50% 57.50% 78.75% 57.50% 33.75% 75.00% 53.75% 60.00% CSUX Average CSU Average ACCT ECON FIN 28.57% 87.50% 75.00% 28.57% 75.00% 75.00% 28.57% 75.00% 37.50% 57.14% 100.00% 87.50% 42.86% 87.50% 62.50% 28.57% 25.00% 50.00% 71.43% 50.00% 75.00% 57.14% 75.00% 25.00% 57.14% 75.00% 75.00% 44.44% 72.22% 62.50% 48.76% 46.16% 55.68% BLAW MGMT MIS 25.00% 14.29% 14.29% 12.50% 57.14% 42.86% 25.00% 57.14% 71.43% 37.50% 100.00% 85.71% 37.50% 57.14% 71.43% 25.00% 42.86% 42.86% 37.50% 71.43% 100.00% 25.00% 85.71% 71.43% 37.50% 57.14% 71.43% 29.17% 60.32% 63.49% 38.14% 70.58% 54.23% MKTG 14.29% 71.43% 85.71% 100.00% 71.43% 28.57% 71.43% 57.14% 71.43% 63.49% 59.30% STAT SCM INTL ETHICS 42.86% 42.86% 42.86% 42.86% 28.57% 85.71% 85.71% 71.43% 42.86% 57.14% 71.43% 85.71% 57.14% 57.14% 85.71% 100.00% 28.57% 28.57% 71.43% 71.43% 42.86% 14.29% 57.14% 14.29% 71.43% 100.00% 85.71% 100.00% 28.57% 28.57% 71.43% 71.43% 14.29% 42.86% 85.71% 71.43% 39.68% 50.79% 73.02% 69.84% 52.87% 56.60% 40.86% 91.48% Closing the loop How many students meet or exceed expectations? Almost all Reinforce Celebrate! Not enough Improve: Where are the deficiencies? Curriculum changes? Possible remedies? Closing the loop Possible remedies: Modified courses or new books – Disagree = 68% Agree = 14% A change in delivery technology – Disagree = 11% Agree = 75% Changing an learning objective – Disagree = 46% Agree = 36% Raising admission standards - Disagree = 57% Agree = 36% Faculty development Info derived from: Ethics and Business Law Faculty Publications Closing the loop in assurance of learning programs: Current practices and future challenges. University of St. Thomas, Minnesota UST Research Online – 2013, page 282. Effective assessment programs should… Flow from mission or strategic plan Have faculty ownership and responsibility Rely on multiple measures Provide useful feedback Lead to improvement Have institution-wide support (including budget) Be cost effective Sample Questions – 1 / 5 Accounting: The right to receive money in the future is called a(n) a. account payable. b. account receivable. c. liability. d. revenue. Which of the following is not considered an asset? a. Equipment b. Dividends c. Accounts receivable d. Inventory Economics: Economists assume that individuals: a. are rational and respond to incentives. b. prefer to live in a society that values fairness above all else. c. behave in unpredictable ways. d. will never take actions to help others. Rent control is an example of a. a price floor. b. a price ceiling. c. a subsidy for low-skilled workers. d. a black market. Sample Questions with answers Accounting: The right to receive money in the future is called a(n) a. account payable. b. account receivable. c. liability. d. revenue. Which of the following is not considered an asset? a. Equipment b. Dividends c. Accounts receivable d. Inventory Economics: Economists assume that individuals a. are rational and respond to incentives. b. prefer to live in a society that values fairness above all else. c. behave in unpredictable ways. d. will never take actions to help others. Rent control is an example of a. a price floor. b. a price ceiling. c. a subsidy for low-skilled workers. d. a black market. Sample Questions – 2 / 5 Finance: Which of the following sources of capital is generally the most expensive for an average corporation? a. Newly issued common stock. b. Long-term bonds. c. Preferred stock. d. Short-term notes payable. In general, which of the following is likely to occur if you randomly add stocks to your portfolio which presently consists of three stocks? a. The company-specific risk of your portfolio will probably decline. b. The expected return of your portfolio will decline. c. The market risk of your portfolio will rise. d. The expected return of your portfolio will rise. Management: Organizations needs to adopt _______ when environmental uncertainty increases a. work specialization b. decentralization c. centralization d. tight vertical control When Google acquired Motorola Mobility, it was pursuing a _____. a. corporate-level strategy b. business-level strategy c. functional-level strategy d. multi-domestic strategy Sample Questions with answers Finance: Which of the following sources of capital is generally the most expensive for an average corporation? a. Newly issued common stock. b. Long-term bonds. c. Preferred stock. d. Short-term notes payable. In general, which of the following is likely to occur if you randomly add stocks to your portfolio which presently consists of three stocks? a. The company-specific risk of your portfolio will probably decline. b. The expected return of your portfolio will decline. c. The market risk of your portfolio will rise. d. The expected return of your portfolio will rise. Management: Organizations needs to adopt _______ when environmental uncertainty increases a. work specialization b. decentralization c. centralization d. tight vertical control When Google acquired Motorola Mobility, it was pursuing a _____. a. corporate-level strategy b. business-level strategy c. functional-level strategy d. multi-domestic strategy Sample Questions – 3 / 5 Information Systems: Information systems that process purchasing orders, billing, payroll, etc. are called: a. Decision support systems. b. Transaction processing systems. c. Expert systems. d. Functional systems. _____ is by far the most popular language for creating and manipulating databases. a. XML b. HTML c. PHP d. SQL Marketing: The stages of the product life cycle, in order, are: a. introduction, maturity, decline b. introduction, growth, maturity, decline c. growth, maturity, plateau, decline d. innovation, early adoption, late adoption, laggard Which marketing management philosophy focuses on the question, “What do customers want and need?” a. Sales Orientation b. Production Orientation c. Product Orientation d. Market Orientation Sample Questions with answers Information Systems: Information systems that process purchasing orders, billing, payroll, etc. are called: a. Decision support systems. b. Transaction processing systems. c. Expert systems. d. Functional systems. _____ is by far the most popular language for creating and manipulating databases. a. XML b. HTML c. PHP d. SQL Marketing: The stages of the product life cycle, in order, are: a. introduction, maturity, decline b. introduction, growth, maturity, decline c. growth, maturity, plateau, decline d. innovation, early adoption, late adoption, laggard Which marketing management philosophy focuses on the question, “What do customers want and need?” a. Sales Orientation b. Production Orientation c. Product Orientation d. Market Orientation Sample Questions – 4 / 5 Statistics: What type of sampling method should be used when accuracy and generalizability of findings is a primary concern? a. Random b. Judgment c. Convenience d. Quota In a hypothesis test, the p-value was calculated as 0.025. If the level of significance is, α = 0.05, what is the decision regarding the null hypothesis test? a. Reject the null hypothesis. b. Do not reject the null hypothesis. c. No definitive conclusion can be made. d. In a hypothesis test, p-value and level of significance has no relationship. International: The price of a currency stated in units of another currency is the: a. London interbank rate. b. international money rate. c. exchange rate. d. money market rate. An equity-based joint venture exemplifies which type of entry strategy? a. strategic alliance b. licensing c. exporting d. wholly owned subsidiary Sample Questions with answers Statistics: What type of sampling method should be used when accuracy and generalizability of findings is a primary concern? a. Random b. Judgment c. Convenience d. Quota In a hypothesis test, the p-value was calculated as 0.025. If the level of significance is, α = 0.05, what is the decision regarding the null hypothesis test? a. Reject the null hypothesis. b. Do not reject the null hypothesis. c. No definitive conclusion can be made. d. In a hypothesis test, p-value and level of significance has no relationship. International: The price of a currency stated in units of another currency is the: a. London interbank rate. b. international money rate. c. exchange rate. d. money market rate. An equity-based joint venture exemplifies which type of entry strategy? a. strategic alliance b. licensing c. exporting d. wholly owned subsidiary Sample Questions – 5 / 5 Ethics: What do economists call the situation where a hired manager does not have the same interests as the owners of the business? a. conquest and control b. a financial intermediary problem c. a principal-agent problem d. a financial problem Under stakeholder theory, a decision with ethical consequences would consider the impact to which stakeholder? a. Shareholders b. Customers c. The local community where the business is located d. All of the above Sample Questions with answers Ethics: What do economists call the situation where a hired manager does not have the same interests as the owners of the business? a. conquest and control b. a financial intermediary problem c. a principal-agent problem d. a financial problem Under stakeholder theory, a decision with ethical consequences would consider the impact to which stakeholder? a. Shareholders b. Customers c. The local community where the business is located d. All of the above Questions? Thank you very much