These Tools are new Web Based Assessment Modules that provide a means of measuring student learning. Each module contains an explanation of the concept to be assessed, a pre-test, a simulation (or hands on exercise), a final test and a results display. Registered schools can use a module with an unlimited number of students for a semester. Select Pricing to see pricing and descriptive information on each module. Select Class Login to open the User Login screen and accept Access Codes.

Profitability Module

Profit determination is an important business concept. This assessment tool will help students understand the components that go into calculating profit. Several important variables are defined, tested and applied using this tool. They include fixed and variable costs, revenue, contribution margin and profit. The simulation will help students apply the relationships between the variables that affect profit determination.

The model in this example is that of a small lawn mowing operation. Profits are generated by mowing lawns each day over the course of a single 100 day mowing season. The goal of this simulation is to help business learners understand basic profit calculations.

Cost-Volume-Profit Analysis Module

The relationship between cost, volume and profit is an important business concept. This assessment tool will help students understand the components that go into calculating a break even point. Several important variables are defined, tested and applied using this tool. They include price, fixed and variable costs, revenue, profit, break even and normal curve demand variations. The simulation will help students apply the relationships between the variables that affect profit uncertainty. Several 'what-if' opportunities are available through the use of dynamic graphs to explore profit variation.

Basic Financial Statement Module

The relationship between the Income Statement, Balance Sheet and Statement of Cash Flows is an important business concept. This assessment tool will help students understand the relationships and integration between the Financial Statements. It uses color coding and graphics to show the interactive nature between such transactions as sales, purchasing, borrowing, investing and stocks.  This tool can also be used to simulate 12 quarters of basic business operation and provide valuable insight into measuring business performance. Financial Ratios are reported for each period simulated.