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Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Thursday, April 4th.

For years, the SAT and the

ACT have been the standard tests prospective college students had to take to get into school.

In fact, they've been so ubiquitous that it rarely occurs to the average test taker that these

assessments are big business. The SAT comes from the college board, a billion-dollar

membership association consisting of about 6,000 colleges and universities. Another billion-dollar

nonprofit, ACT, Inc. administers the ACT, of course. But as last month's college admission

scandal showed, these tests are vulnerable to

cheating. Rick Singer, that scams ringleader, bribed test proctors and, in other ways,

...