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Corporate Finance Institute

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Corporate Finance Institute (CFI) is an online training and education platform for finance and investment professionals based in Vancouver Canada. It provides courses and certifications in financial modeling , valuation , and other corporate finance topics. This includes the skills CFI deems important for modern finance - such as Microsoft Excel , presentation and visuals - as well as underlying knowledge of accounting and business strategy .

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68-460: CFI is a provider of certification programs including Financial Modeling & Valuation Analyst (FMVA), Commercial Banking & Credit Analyst (CBCA), Capital Markets and Securities Analyst (CMSA), and Business Intelligence and Data Analyst (BIDA). All CFI courses are delivered online . The organization was incorporated as a joint venture with MDA Training (MDA), a London-based financial training company founded in 1988 by Professor Walter Reid, who

136-508: A bird from a cage. Motto: "Containing the freshest Advices, Foreign and Domestic" This issue is often reprinted. "After the Revolution [the paper] lost its great contributors and its tone and policy were changed. It bitterly opposed the adoption of the constitution of the United States and the administration of Washington. The paper declined in power, interest and popular favor, till, after

204-474: A familiar mode since they are used almost exclusively in campus-based schools. Institutes that offer both distance and campus programs usually use paced models so that teacher workload, student semester planning, tuition deadlines, exam schedules, and other administrative details can be synchronized with campus delivery. Student familiarity and the pressure of deadlines encourage students to readily adapt to and usually succeed in paced models. However, student freedom

272-515: A foundation in credit analysis. Students must earn a minimum passing grade of 80% in each course assessment to complete the requirements for the program and to receive a certificate of completion. Curriculum topic distributions are as follows: Business Intelligence and Data Analyst (BIDA) covers both BI and data science , helping develop skills in various related areas: data storage and collection, data transformation , data analysis and modeling, data visualization . Corporate Finance Institute

340-683: A long struggle, in 1798, it was discontinued for want of support." It was noted for its many spirited and often controversial political essays. Like most newspapers of its era it often published ads for the sale of slaves and notices of runaway slaves and runaway indentured servants . Benjamin Franklin acquired a packet of about twenty letters that had been written to Thomas Whately , an assistant to Prime Minister George Grenville . Upon reading them, Franklin concluded that Massachusetts Lieutenant Governor Thomas Hutchinson and his colonial secretary (plus brother-in-law) Andrew Oliver, had mischaracterized

408-622: A paced format similar to traditional campus-based models in which learners commence and complete a course at the same time. Some institutions offer self-paced programs that allow for continuous enrollment, and the length of time to complete the course is set by the learner's time, skill, and commitment levels. Self-paced courses are almost always offered asynchronously. Each delivery method offers advantages and disadvantages for students, teachers, and institutions. Kaplan and Haenlein classify distance education into four groups according to "Time dependency" and "Number of participants": Paced models are

476-593: A programs of distance learning that provided the city's elementary school students with instruction through radio broadcasts. A typical setup came in Kentucky in 1948 when John Wilkinson Taylor , president of the University of Louisville , teamed up with NBC to use radio as a medium for distance education. The chairman of the Federal Communications Commission endorsed the project and predicted that

544-592: A radical open admissions policy. At the time, the total student population of conventional universities in the United Kingdom was around 130,000. Athabasca University , Canada's open university, was created in 1970 and followed a similar, though independently developed, pattern. The Open University inspired the creation of Spain's National University of Distance Education (1972) and Germany's FernUniversität in Hagen (1974). There are now many similar institutions around

612-596: A significant part of the history of distance education and online learning. The widespread use of computers and the Internet has made distance learning easier and faster, and today virtual schools and virtual universities deliver full curricula online. The capacity of the Internet to support voice, video, text, and immersion teaching methods made earlier distinct forms of telephone, videoconferencing, radio, television, and text-based education somewhat redundant. However, many of

680-422: A significant positive relationship with the digital literacy of users. Besides, observability, trialability, and digital skill were found to have a positive significant influence on digital literacy .     The two methods can be combined. Many courses offered by both open universities and an increasing number of campus-based institutions use periodic sessions of residential or day teaching to supplement

748-468: Is an exciting place to learn new things, collaborate with others, and retain self-discipline. One of the earliest attempts at distance education was advertised in 1728. This was in the Boston Gazette for "Caleb Philipps, Teacher of the new method of Short Hand ", who sought students who wanted to learn the skills through weekly mailed lessons. The first distance education course in the modern sense

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816-442: Is becoming a pathway for learners with sparse access to physical courses so they can complete their degrees. Furthermore, digital classroom technologies allow those living remotely to access learning, and it enables the student to fit learning into their schedule more easily. Internet technology has enabled many forms of distance learning through open educational resources and facilities such as e-learning and MOOCs . Although

884-649: Is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education (CPE) on the National Registry of CPE Sponsors. Students are eligible to earn in total of 80 CPE credits upon successfully completing all courses in CFI's program. Online education Distance education , also known as distance learning , is the education of students who may not always be physically present at school , or where

952-419: Is sacrificed as a common pace is often too fast for some students and too slow for others. In additional life events, professional or family responsibilities can interfere with a student's capability to complete tasks to an external schedule. Finally, paced models allow students to readily form communities of inquiry and to engage in collaborative work. Boston Gazette The Boston Gazette (1719–1798)

1020-482: Is usually mediated by some form of technology. A distance learning program can either be completely a remote learning, or a combination of both online learning and traditional offline classroom instruction (called hybrid or blended ). Other modalities include distance learning with complementary virtual environment or teaching in virtual environment (e-learning). Massive open online courses (MOOCs), offering large-scale interactive participation and open access through

1088-620: The Boston Gazette incorporated the New-England Weekly Journal , founded by Samuel Kneeland , and became the Boston-Gazette, or New-England Weekly Journal . Contributors included: Samuel Adams , Paul Revere , Phyllis Wheatley . Publishers, and men acting on their behalf, included: (dates are approximate) The paper's masthead vignette, produced by Paul Revere shows a seated Britannia with Liberty cap on staff, freeing

1156-473: The Boston Gazette, rebelling against royal authority. Adams wrote so many articles, under so many pen names (at least 25), historians don't even know exactly how many he wrote. It was the Boston Gazette that hired Paul Revere to create his famous engraving of the Boston Massacre . The British officials resented the Boston Gazette as they feared it undermined their authority. British officers placed

1224-591: The Ford Foundation . From 1970 to 1972 the Coordinating Commission for Higher Education in California funded Project Outreach to study the potential of tele-courses. The study included the University of California , California State University , and community colleges. This study led to coordinated instructional systems legislation allowing the use of public funds for non-classroom instruction and paved

1292-704: The University of Toronto through the Graduate School of Education (then called OISE: the Ontario Institute for Studies in Education ), offering a course in "Women and Computers in Education", dealing with gender issues and educational computing. The first new and fully online university was founded in 1994 as the Open University of Catalonia , headquartered in Barcelona, Spain. In 1999 Jones International University

1360-494: The University of Wisconsin–Madison also promoted new methods. From 1964 to 1968, the Carnegie Foundation funded Wedemeyer's Articulated Instructional Media Project (AIM) which brought in a variety of communications technologies aimed at providing learning to an off-campus population. The radio courses faded away in the 1950s. Many efforts to use television along the same lines proved unsuccessful, despite heavy funding by

1428-541: The World Wide Web or other network technologies, are recent educational modes in distance education. A number of other terms (distributed learning, e-learning , m-learning , online learning, virtual classroom, etc.) are used roughly synonymously with distance education. E-learning has shown to be a useful educational tool. E-learning should be an interactive process with multiple learning modes for all learners at various levels of learning. The distance learning environment

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1496-563: The YMCA school in Boston that became Northeastern University . Private correspondence schools outside of the major cities provided a flexible, focused solution. Large corporations systematized their training programs for new employees. The National Association of Corporation Schools grew from 37 in 1913 to 146 in 1920. Private schools that provided specialized technical training to everyone who enrolled, not just employees of one company, began to open across

1564-700: The mental health , occupational therapy , family therapy , art therapy , physical therapy , and rehabilitation counseling fields. By 2008, online learning programs were available in the United States in 44 states at the K-12 level. Internet forums , online discussion groups , and online learning community can contribute to a distance education experience. Research shows that socialization plays an important role in some forms of distance education. E-Courses are available from educational platforms such as Khan Academy and MasterClass on many topics and for students of all levels. Most distance education uses

1632-456: The "college-by-radio" would put "American education 25 years ahead". The university was owned by the city, and local residents would pay the low tuition rates, receive their study materials in the mail, and listen by radio to live classroom discussions that were held on campus. Physicist Daniel Q. Posin also was a pioneer in the field of distance education when he hosted a televised course through DePaul University . Charles Wedemeyer of

1700-532: The 1920s and radio in the 1930s led to proposals to use it for distance education. By 1938, at least 200 city school systems, 25 state boards of education, and many colleges and universities broadcast educational programs for public schools. One line of thought was to use radio as a master teacher. Experts in given fields broadcast lessons for pupils within the many schoolrooms of the public school system, asking questions, suggesting readings, making assignments, and conducting tests. This mechanizes education and leaves

1768-552: The 1920s. Enrollment in the largest private for-profit school based in Scranton, Pennsylvania , the International Correspondence Schools grew explosively in the 1890s. Founded in 1888 to provide training for immigrant coal miners aiming to become state mine inspectors or foremen, it enrolled 2500 new students in 1894 and matriculated 72,000 new students in 1895. By 1906 total enrollments reached 900,000. The growth

1836-645: The International Council for Open and Distance Education (ICDE), with its main office in Oslo, Norway. The Open University (OU) in the United Kingdom was founded by the then Labour government led by Harold Wilson . Based on the vision of Michael Young , planning commenced in 1965 under the Minister of State for Education , Jennie Lee , who established a model for the Open University as one of widening access to

1904-585: The US, the Distance Education Accrediting Commission (DEAC) specializes in the accreditation of distance education institutions. In the United States in 2011, it was found that a third of all the students enrolled in postsecondary education had taken an accredited online course in a postsecondary institution. Growth continued. In 2013 the majority of public and private colleges offered full academic programs online. Programs included training in

1972-510: The University of London. The vast distances made Australia especially active; the University of Queensland established its Department of Correspondence Studies in 1911. In South Africa, the University of South Africa , formerly an examining and certification body, started to present distance education tuition in 1946. In the United States, only a third of the population lived in cities of 100,000 or more population in 1920; in order to reach

2040-664: The benefits and drawbacks of online learning found that students have had a harder time producing their own work. The study suggests teachers should cut back on the amount of information taught and incorporate more activities during the lesson, in order for students to create their own work. Though schools are slow to adapt to new technologies, COVID-19 required schools to adapt and learn how to use new digital and online learning tools. Web conferencing has become more popular since 2007. Researchers have found that people in online classes perform just as effectively as participants in conventional learning classes. The use of online learning

2108-416: The certification program. The analyst program includes 7 optional prerequisites to review the fundamentals, 11 core courses to build a foundation in financial modeling and valuation, plus a minimum of 3 elective courses that allow more focus on specific topics and skills (14 required courses in total). Students must earn a minimum passing grade of 80% in each course assessment and pass the final exam to complete

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2176-559: The classroom is the use of robot proxies including those that allow sick students to attend classes. Some universities have been starting to use robot proxies to enable more engaging synchronous hybrid classes where both remote and in-person students can be present and interact using telerobotics devices such as the Kubi Telepresence robot stand that looks around and the Double Robot that roams around. With these telepresence robots,

2244-485: The closure of the vast majority of schools worldwide for in-person learning. COVID-19 increased the value of distance education although its policies were implemented and formulated among several universities much earlier. Many schools moved to online remote learning through platforms including—but not limited to— Zoom , Blackboard , Cisco Webex , Google Classroom , Google Meet , Microsoft Teams , D2L , and Edgenuity . A recent study showed that Google Classroom

2312-1049: The expansion of the Internet blurs the boundaries, distance education technologies are divided into two modes of delivery: synchronous learning and asynchronous learning . In synchronous learning, all participants are "present" at the same time in a virtual classroom, as in traditional classroom teaching. It requires a timetable. Web conferencing , videoconferencing , educational television , and instructional television are examples of synchronous technology, as are direct-broadcast satellite (DBS), internet radio , live streaming , telephone , and web-based VoIP . Web conferencing software helps to facilitate class meetings, and usually contains additional interaction tools such as text chat, polls, hand raising, emoticons etc. These tools also support asynchronous participation by students who can listen to recordings of synchronous sessions. Immersive environments (notably SecondLife ) have also been used to enhance participant presence in distance education courses. Another form of synchronous learning using

2380-457: The highest levels of degree and doctoral programs. New York University and International University Canada, for example, offer online degrees in engineering and management-related fields through NYU Tandon Online . Levels of accreditation vary: widely respected universities such as Stanford University and Harvard now deliver online courses—but other online schools receive little outside oversight, and some are fraudulent, i.e., diploma mills . In

2448-413: The highest standards of scholarship in higher education and setting up a planning committee consisting of university vice-chancellors, educationalists, and television broadcasters, chaired by Sir Peter Venables. The British Broadcasting Corporation's ( BBC ) Assistant Director of Engineering at the time, James Redmond , had obtained most of his qualifications at night school , and his natural enthusiasm for

2516-479: The introduction of uniform postage rates across England in 1840. This early beginning proved extremely successful and the Phonographic Correspondence Society was founded three years later to establish these courses on a more formal basis. The society paved the way for the later formation of Sir Isaac Pitman Colleges across the country. The first correspondence school in the United States

2584-481: The late 19th century, and its example was widely copied elsewhere. However, the university only provided examinations, not instructional material, leading academics to state that "the original degree by external study of the UOL was not a form of distance education". The External Programme is now known as the University of London Worldwide , and includes postgraduate and undergraduate degrees created by member institutions of

2652-410: The learner and the teacher are separated in both time and distance. Traditionally, this usually involved correspondence courses wherein the student corresponded with the school via mail . Distance education is a technology-mediated modality and has evolved with the evolution of technologies such as video conferencing, TV, and the Internet. Today, it usually involves online education and the learning

2720-480: The local teacher only the tasks of preparing for the broadcast and keeping order in the classroom. The first large-scale implementation of radio for distance education took place in 1937 in Chicago . During a three-week school closure implemented in response to a polio outbreak that the city was experiencing, superintendent of Chicago Public Schools William Johnson and assistant superintendent Minnie Fallon implemented

2788-459: The nation in the 1880s. Starting in Milwaukee in 1907, public schools began opening free vocational program. The International Conference for Correspondence Education held its first meeting in 1938. The goal was to provide individualized education for students, at low cost, by using a pedagogy of testing, recording, classification, and differentiation. Since then, the group has changed its name to

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2856-533: The next two decades. The affiliated colleges provided certificates that the student had attended a course. A new charter in 1858 removed this requirement, allowing men (and women from 1878) taking instruction at any institution or pursuing a course of self-directed study to sit the examinations and receive degrees. The External Programme was referred to as the "People's University" by Charles Dickens as it provided access to higher education to students from less affluent backgrounds. Enrollment increased steadily during

2924-450: The paper's name on a list of enemy institutions to be captured, and if possible, laid waste. Those "trumpeters of sedition", Edes and Gill, were to be put out of business once and for all. The Sons of Liberty met at the Boston Gazette . It was there that they darkened their faces, disguising themselves as Mohawk Indians before setting out to dump British tea into Boston Harbor (The Boston Tea Party ). Samuel Adams practically lived at

2992-577: The press and political discussions, causing Hutchinson much discomfort. The assembly eventually concluded, according to John Hancock , that in the letters Hutchinson sought to "overthrow the Constitution of this Government, and to introduce arbitrary Power into the Province", and called for the removal of Hutchinson and Oliver. Hutchinson complained that Adams and the opposition were misrepresenting what he had written, and that nothing he had written in them on

3060-449: The project did much to overcome the technical difficulties of using television to broadcast teaching programs. The Open University revolutionized the scope of the correspondence program and helped to create a respectable learning alternative to the traditional form of education. It has been at the forefront of developing new technologies to improve distance learning service as well as undertaking research in other disciplines. Walter Perry

3128-615: The remote students have a seat at the table or desk instead of being on a screen on the wall. In asynchronous learning, participants access course materials flexibly on their schedules. Students are not required to be together at the same time. Mail correspondence, which is the oldest form of distance education, is an asynchronous delivery technology, as are message board forums, e-mail , video and audio recordings , print materials, voicemail , and fax . The five characteristics of technological innovations (compatibility, observability, relative advantage, complexity, and trialability) have

3196-488: The requirements of the program and to receive a certificate of completion. Curriculum topic distributions are as follows: CFI also offers the Commercial Banking and Credit Analyst (CBCA) certification which is designed for the credit analysts who are working in different banks, credit rating agency or insurance. The program includes 17 optional prerequisites to review the fundamentals and 15 core courses to build

3264-473: The rest, correspondence techniques were adopted. William Rainey Harper , founder and first president of the University of Chicago , celebrated the concept of extended education, where a research university had satellite colleges elsewhere in the region. In 1892, Harper encouraged correspondence courses to further promote education, an idea that was put into practice by the University of Chicago, U. Wisconsin, Columbia U., and several dozen other universities by

3332-425: The restrictions on their circulation could be eased. In a response received by Cushing in early June, Franklin reiterated that they were not to be copied or published, but could be shown to anyone A longtime opponent of Hutchinson's, Samuel Adams informed the assembly of the existence of the letters, after which it designated a committee to analyze them. Strategic leaks suggestive of their content made their way into

3400-552: The same length of time; when they have finished their courses they are supposed to be qualified to enter any one of a number of branches in some particular profession. We, on the contrary, are aiming to make our courses fit the particular needs of the student who takes them. Education was a high priority in the Progressive Era , as American high schools and colleges expanded greatly. For men who were older or were too busy with family responsibilities, night schools were opened, such as

3468-592: The sessions delivered at a distance. This type of mixed distance and campus-based education has recently come to be called " blended learning " or less often "hybrid learning". Many open universities use a blend of technologies and a blend of learning modalities (face-to-face, distance, and hybrid) all under the rubric of "distance learning". Distance learning can also use interactive radio instruction (IRI), interactive audio instruction (IAI), online virtual worlds , digital games, webinars, and webcasts, all of which are referred to as e-Learning. The rapid spread of film in

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3536-529: The situation in the colonies, and thus misled Parliament. He felt that wider knowledge of these letters would then focus colonial anger away from Parliament and at those who had written the misleading letters. Franklin sent the letters to Thomas Cushing , the speaker of the Massachusetts assembly, in December 1772. He specifically wrote to Cushing that the letters should be seen only by a few people, and that he

3604-487: The subject of Parliamentary supremacy went beyond other statements he had made. The letters were finally published in the Boston Gazette in mid-June 1773, causing a political firestorm in Massachusetts and raising significant questions in England. For years before the first shots were fired at Lexington, Green, Samuel Adams , Joseph Warren , Josiah Quincy , James Otis , Edes and Gill were writing article after article in

3672-602: The teaching and learning experience. Educators, grappling with this abrupt transition, have faced hurdles in effectively engaging students and delivering course content, leading to heightened stress and burnout among faculty members. Additionally, this shift has raised legal concerns, particularly regarding copyright issues related to the dissemination of educational materials in digital formats. Post-COVID-19  pandemic, while some educational institutions went back to physical classes, others switched to blended learning or kept up their online distance learning. A recent study about

3740-560: The techniques developed and lessons learned with earlier media are used in Internet delivery. The first online courses for graduate and undergraduate credit were offered in 1985 by Connected Education through The New School in New York City, with students earning the MA in Media Studies completely online via computer conferencing, with no in-person requirements. This was followed in 1986 by

3808-567: The transition, and posed various legal issues, especially in terms of copyright. The physical surroundings during the COVID-19 pandemic are seen by university instructors as having a detrimental effect on the quality of distance education. However, where the lecture is delivered and the type of faculty do not show any significant statistical variances in the quality of distance education. The shift away from real-time instruction to asynchronous learning modes has posed significant challenges, impacting both

3876-475: The way for the emergence of tele-courses as the precursor to the online courses and programs of today. The Coastline Community Colleges , The Dallas County Community College District , and Miami Dade Community College led the way. The Adult Learning Service of the US Public Broadcasting Service came into being and the "wrapped" series, and individually produced tele-course for credit became

3944-1061: The world, often with the name "Open University" (in English or in the local language). The University of the Philippines Open University was established in 1995 as the fifth constituent University of the Philippines System and was the first distance education and online university in the Philippines. Its mandate is to provide educational opportunities to individuals aspiring for higher education and improved qualifications but were unable to take advantage of traditional modes of education because of personal and professional obligations. Most open universities use distance education technologies as delivery methods, though some require attendance at local study centers or at regional "summer schools". Some open universities have grown to become mega-universities . The COVID-19 pandemic resulted in

4012-593: Was a newspaper published in Boston , in the British North American colonies. It was a weekly newspaper established by William Brooker, who was just appointed Postmaster of Boston, with its first issue released on December 21, 1719. The Boston Gazette is widely considered the most influential newspaper in early American history, especially in the years leading up to and into the American Revolution . In 1741

4080-600: Was appointed the OU's first vice-chancellor in January 1969, and its foundation secretary was Anastasios Christodoulou . The election of the new Conservative government under the leadership of Edward Heath , in 1970; led to budget cuts under Chancellor of the Exchequer Iain Macleod (who had earlier called the idea of an Open University "blithering nonsense"). However, the OU accepted its first 25,000 students in 1971, adopting

4148-450: Was due to sending out complete textbooks instead of single lessons, and the use of 1200 aggressive in-person salesmen. There was a stark contrast in pedagogy: The regular technical school or college aims to educate a man broadly; our aim, on the contrary, is to educate him only along some particular line. The college demands that a student shall have certain educational qualifications to enter it and that all students study for approximately

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4216-416: Was launched as the first fully online university accredited by a regional accrediting association in the US. Between 2000 and 2008, enrollment in distance education courses increased rapidly almost every country in both developed and developing countries. Many private, public, non-profit , and for-profit institutions worldwide now offer distance education courses from the most basic instruction through to

4284-520: Was not "at liberty to make the letters public." The letters arrived in Massachusetts in March 1773, and came into the hands of Samuel Adams , then serving as the clerk of the Massachusetts assembly. By Franklin's instructions, only a select few people, including the Massachusetts Committee of Correspondence , were to see the letters. Alarmed at what they read, Cushing wrote Franklin, asking if

4352-535: Was one of the founding professors of the London Business School (LBS) . In 2021, Corporate Finance Institute acquired Macabacus, a Microsoft Office Add-In for finance professionals, with tens of thousands of monthly and annual subscribers. CFI offers the Financial Modeling and Valuation Analyst (FMVA) certification. Students may also choose individual courses based on their needs, without accessing

4420-449: Was provided by Sir Isaac Pitman in the 1840s who taught a system of shorthand by mailing texts transcribed into shorthand on postcards and receiving transcriptions from his students in return for correction. The element of student feedback was a crucial innovation in Pitman's system. The postage stamp made this scheme for remote education possible, and these efforts were scalable because of

4488-619: Was the Society to Encourage Studies at Home which was founded in 1873. Founded in 1894, Wolsey Hall, Oxford was the first distance-learning college in the UK. The University of London was the first university to offer degrees to anyone who could pass their examinations, establishing its External Programme in 1858. It had been established in 1836 as an examining and degree-awarding body for affiliated colleges, originally University College London and King's College London but with many others added over

4556-472: Was the most preferred by those students Concerns arose over the impact of this transition on students without access to an internet-enabled device or a stable internet connection. Distanced education during the COVID-19 pandemic has interrupted synchronous learning for many students and teachers; where educators were no longer able to teach in real-time and could only switch to asynchronous instruction, this significantly and negatively affected their coping with

4624-432: Was the most used platform by students followed by Microsoft Teams and Zoom respectively. The less-used platforms included Blackboard Learn , Webex by Cisco , DingTalk , Tencent , and WhatsApp . However, the most preferred platforms by students were Microsoft Teams followed by Google Classroom and Zoom . Although Google Classroom was the most used by students as decided by their lectures,  Microsoft Teams

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