Value-Added Assessment Using the Major Field Test in Business (Report‪)‬

INTRODUCTION The Major Field Test in Business (MFTB) is sponsored by Higher Education Assessment of the Educational Testing Service (ETS) and covers foundation course content taught in a typical undergraduate business program. The MFTB multiple-choice questions cover topics in eight areas: accounting, economics, management, quantitative business analysis and information systems, finance, marketing, legal and social environment, and international issues. The ETS reports (Judy Bennett, personal communication, August 17, 2007) that 143,349 seniors at 553 different schools have taken the MFTB from 2003 to 2006. ETS (2000) does not claim that its sample proportionally represents the various types of higher education institutions. Approximately thirty percent of the participating schools are accredited by AACSB International--The Association to Advance Collegiate Schools of Business. Approximately thirty-five percent of all U.S. AACSB accredited schools use the MFTB. Rotondo (2005) presents a thorough summary of advantages and disadvantages of the use of the MFTB for assessment.