Review the subject matter that was covered since the last business finance test. Decide if you want to include the previous information on the test or if you will cover only what was taught since the last test. As you review the material, write down the important points that you want to include in the test.
Decide if you want to use multiple-choice, fill-in-the-blanks or essay questions. You can even use a combination of the three.
Create questions from the points you wrote down in step 1. Check each question and see if it is best suited for a multiple-choice, fill-in-the-blank or essay question.
Assign points to each question. If you decide to use all multiple-choice or fill-in-the-blanks, you can assign the point value without any thought. If you have 20 questions, and the value of the test is 100, then each question would be worth 5 points. However, if you are using essay questions either by themselves or with multiple-choice and fill-in-the-blanks, the essay questions should be worth more than the others.
Check the material again and be sure you have covered all the points you wanted to. Add any questions you may have missed. Look at your teacher's book, and if there are questions provided for the material covered, see if you can use any of them.
Type the business finance test and make enough copies to give one to each student in your class. Also, make an answer sheet with the assigned values for each question. You should also be prepared to give partial credit on the essay questions.