Multiple-choice questions are now a strongly preferred testing instrument across many higher education disciplines and business students in particular. This paper examines the reasons for their popularity and highlights the significant drivers that have fostered growth in the concept. Further, the paper takes an empirical study through the survey technique, to examine business students' preference of multiple-choice tests against other testing approached. In addition, the paper explores whether multiple-choice tests show bias towards gender and nationality. It was found that there was no statistical difference on test results by gender and nationality but a difference in revision time between Australian and Asian students.