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Spring 2002
ISSN 0890-913X
Volume 17, Number 2

Performance on the Major Field Test in Business : The Explanatory Power of SAT Scores and Gender

David F. Bean, Iona College
Richard A. Bernardi, Roger Williams University
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PerformanceontheMajorFieldTestinBusiness:TheExplanatoryPowerofSATScoresandGenderDavidF.BeanIonaCollegeRichardA.BernardiRogerWilliamsUniversityThecostsofhighereducationareincreasingatdisturbingrates(Doost,1998),anduniversitiesandcollegesexpectthistrendtocontinuefortheforeseeablefuture.Onedifficultyisthatcollegesanduniversitiesselltheirmajorproduct(i.e.,education)atapricesubstantiallybelowthecostofproduction(Flower,1998).Studentandparentalresistance,aswellassocietalpressure,compelcollegesanduniversitiestoseekadditionalrevenuesourcestooffsetspiralingcosts.Consequently,fundingfromexternalsources(e.g.,government,alumni,corporations,etc.)isarealityoflifeintoday=seducationalenvironment(Milano,2000).Schmidt(1999)suggeststhatthedaysofviewinghighereducationasaninnategooddeservingofpublicmoneys,withorwithoutmeasurableoutcomes,areover.Forinstance,thestateof
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