I'm suggesting there is no method to the madness.
For instance RE: corporate governance:
This morning I read on the NYSE website that "a director is not independent of s/he or a family member in the last 3 years received more than $100,000 (for a twelve-month period) in payments from the corporation other than for director compensation.
http://www.nyse.com/pdfs/finalcorpgovrules.pdf
The Wiley 2011 BEC textbook states on page 39:
"a director is not independent of s/he or a family member in the last 3 years received more than $120,000 (for a twelve-month period) in payments from the corporation other than for director compensation.
Who writes the questions? Who determines the correct answers? How much variation is present in "correct" answers? If correct choice is determined to be 110,000 for the exam...is 120,000 or 100,000 less correct and if so,then by how much? Is one of these answers worth more "parts of a point"?
"Curve's" is the true sense really only apply to people's score in relation to others' scores when there is some kind of fixed basis for scoring. If all of the "more competitive Asian test takers" were to answer 100,000 does their score go up or down in relation to say all the less competitive American students answering 110,000 or 120,000 or whatever else their testing materials taught them was correct??
I once had an intermediate accounting professor who prided himself in making multiple choice questions have 5 correct answers. We had to select the one that was most correct in every instance. There were never any questions with answers you could immediately dis-regard as "wrong".
He told us it was to prepare us for what we would see on the CPA exam. Differences were that we had a text book, one text book, for which to draw answers from AND we were allowed to see our scores after taking the test to ask questions and to challenge positions.
This is simply not the case with the CPA exam. You're having to select the most correct answer according to whom or what??? The NYSE? Wiley? Becker" Some other publication? Who knows.
5/10 FAR (76) 7/10 REG (82)
10/10 BEC (72) 2/11 (73) 5/11 (77)
11/10 AUD (77) 3/11 Ethics (95)
