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According to Resendez and Manley (2005) cited on the U.S. DOE website the TerraNova CTBS is a reliable and valid standardized test that offers broad coverage of the mathematics content in most textbooks and reflects the National Council of Teachers of Mathematics (NCTM) standards.
According to Assessment Standards For Missouri Public Schools on the Missouri DESE web site "the advantages of these items are: 1) they are effective in measuring students’ breadth of content knowledge; and 2) a large number of these items can be administered and scored in a short amount of time."
A major criticism of TERC materials is their inadequate coverage of standard mathematical content like definitions and terminology, a criticism which is clearly supported by CPS test results.