Student cheating has been deemed a pervasive problem in academia and in finance classes. This study is conducted comparing a series of multiple-choice homogeneous exams given to undergraduate business finance students in on-ground sections and online sections. We find that students who took exams online scored on average 15% higher than students who took the same exam on ground. There is a significant difference in the populations when using a T Test. The purpose of this paper is to compare proctored test results from an undergraduate Business Finance course taught on ground compared to unproctored online exams from the same course. The test consisted of 25 multiple choice questions that were computational, consisting of NPV, IRR, Payback, CAPM, and WACC. The questions were all original, not taken from a test bank. Both sections of the class were given 50 minutes to complete the exam. We find that grades in the on-ground section were significantly lower when compared to the online classes. This is despite the fact that students had face to face lectures and in person access to the professor.