Technical Skills Assessments: Business and Finance Programs

Michigan State Board of Education Meeting

October 12, 2010

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Perkins IV Requirement

• Student attainment of career and technical skill proficiencies, including student achievement on technical assessments, that are aligned with industry-recognized standards

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Assessment and AccountabilityAdvisory Group

• Originally formed to provide input to OCTE to develop the Perkins State Plan

• Will continue as an advisory group throughout the CTE assessment program

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Business, Management and Administration Assessment

• States’ Career Cluster Business, Management, Administration and Operations Foundation Standards

• NOCTI General Management Pathway Assessment aligns to these cluster level standards

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Assessment Item:

Standard IX.G. Understands the processes and systems implemented to monitor, plan, and control the day-to-day activities required for continued business functioning.

A sales forecast can help a retailer:

a. accurately plan for the upcoming holiday season b. maintain accurate purchasing records c. determine the cost of goods sold d. determine past profits

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Assessment Item:

Standard VIII.B.3. Understands economic systems to be able to recognize the environments in which businesses function.

A market economy is one that :

a. is dependent on agriculture and natural resources b. has low economic wealth c. has all economic activities regulated by the

government d. is based on supply and demand

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Accounting-Advanced Assessment

• NOCTI Accounting-Advanced assessment is aligned to the standards adopted for the secondary Finance and Financial Management Services program

• Measures knowledge required of entry-level workers in the finance industry

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Accounting-Advanced Item

An inventory method that shows a change in the amounts on hand as the changes occur is called a _______ inventory.

A. physical

B. perpetual

C. merchandise control

D. sales

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Accounting-Advanced ItemThe declaration of a cash dividend is recorded as a: A. debit to Retained Earnings and a credit to

Dividends Payable B. credit to Stock Dividends and a debit to Owner’s

Equity C. debit to Stock Dividends and a credit to Owner’s

Equity D. credit to Retained Earnings and a debit to

Dividends Payable

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Criterion-Referenced Cut Scores

• Recommended cut score for General Management assessment: 53

• Recommended cut score for Accounting-Advanced assessment: 46.6

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Current Status of CTE Assessments

2010-2011• Health Sciences Assessment (approved 2009) –

continuing implementation • Field test of Accounting-Advanced assessment for

Finance completed 2010. Implementation upon approval

• Field test of General Management assessment for BMA completed 2010. Implementation upon approval

• Field test of Agriculture, Food and Natural Resources assessment initiated 2010 – continuing in 2010-2011

• Field test of Aviation assessment initiated in 2010 – continuing in 2010-2011

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Contact

For more information, contact:

Patty Cantú, Director

Office of Career and Technical Education

241-2900

cantup@michigan.gov