CSET — Business
The CSET — Business exam has three subtests. The first subtest has 20 multiple-choice questions on business management and 20 multiple-choice questions dealing with marketing. This section has 2 constructed-response questions. The second subtest has 25 multiple-choice questions on accounting and finance, and 15 multiple-choice questions on economics. This section has 2 constructed-response questions. The final subtest has 25 multiple-choice questions on information technology; it has 15 multiple-choice questions about the business environment and communication. This section also has 2 short- answer constructed-response questions.
The first CSET — Business subtest covers five management functions, planning and problem solving within a business environment, and the functions of business. The candidate must understand leadership theories and styles, and how to use creative management to solve disputes among employees in a business context. The candidate must apply a business code of ethics and discuss the relationship between business law and ethical guidelines. This section also covers marketing techniques, sales, and advertising.
The second CSET — Business subtest covers accounting, principles of finance, and personal finance. It also has sections on economic concepts, microeconomics, macroeconomics, and international economics. The candidate must demonstrate knowledge of accounting theory, and how to use accounting principles to keep track of accounts, financial performance, and tax liabilities. In the finance section, the candidate must understand financial analysis and the terms of art associated with finance. The candidate must be prepared to interpret the financial status of a business given raw accounting data, and must be able to explain the concepts of personal finance issues such as budgeting, investing, and retirement planning. The economics portion also tests terminology and the ability to interpret raw data.
The third CSET — Business subtest covers computer technology, information and media systems, ethics, security, data integrity, network communications, and programming. There is also a section covering entrepreneurship, business communications, career development, and international business. Candidates should be aware of the latest technology for maintaining privacy and security of business secrets and finances as well as protecting the financial information of the business' clients. The candidate should be able to demonstrate a knowledge of the steps to setting up a successful business, including designing a business plan, marketing plan, and budget. Finally, the test covers the candidate's understanding of the opportunities of international business as well as ethical, social, and political implications of engaging in business in countries with potentially conflicting laws.
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