The ASSET Test is published and distributed by the American College Testing (ACT) program. The ASSET exam is used most often as a diagnostic tool for students in community colleges and technical schools.
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The purpose of the ASSET test is to spotlight areas of student difficulty, so that remedial measures can be taken before the chances for success are impaired. The ASSET test is generally given to students after they have been enrolled and accepted in a school or technical college training program.
Sometimes, the ASSET test is used as a placement tool during admission to academic programs. The ASSET test can help school administrators advise students about placement into particular college course levels and programs.
The ASSET test is paper-based with two components: Basic Skills and Advanced Math. The Basic Skills part of the ASSET test assesses the student in the areas of language arts, reading comprehension, and basic mathematical functions. The Advanced Mathematics section focuses on four content areas, each of them 25 minutes long. All four sections of Advanced Mathematics are within the domain of algebra.
All sections of the ASSET test are composed of multiple-choice questions. Calculators may be used for the math sections. Total time expended in the administration of the test is 75 minutes, not including breaks.