Development of a norm of financial management test for undergraduate students of Rajamangala University of Technology Suvarnabhumi
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Abstract
The purpose of this research was to develop the norm of financial management test form for undergraduate students of Rajamangala University of Technology Suvarnabhumi. The samples were from 600 undergraduate students using a simple random sampling method in accordance with the proportion of the study. The instrument used in this research was the financial management test. Data were analyzed using descriptive statistics including percentage, mean and standard deviation. The norm was developed by converting raw scores into the percentile rank, Z-score, T-score, and Stanine.
The results showed that the students had financial management behaviors at a moderate level (=2.89). When considering each aspect, it was found that general financial management had the highest average
(=3.16), followed by capital accumulation (
=3.06), risk management (
=2.94), cash management or spending (
=2.80), saving or retirement planning (
=2.79), and credit management (
=2.62), respectively. The norm of financial management test scores were ranging from T30.8 to T78.27 (PR0 to PR99.60), which were divided into 5 levels of financial management behaviors, very good, good, moderate, rather bad, and bad, respectively.
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References
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