GMAC is an acronym that stands for General Motors Acceptance Corporation. Its spelling and pronunciation can be broken down using the International Phonetic Alphabet (IPA). The letter "G" is pronounced as /dʒiː/ and the letter "M" is pronounced as /ɛm/. The letter "A" is pronounced as /eɪ/ and "C" as /siː/. Therefore, the correct pronunciation of GMAC is /ˈdʒiːmɛɪsiː/. This acronym is commonly used in the automotive industry and is associated with financial services offered by General Motors.
GMAC stands for Graduate Management Admission Council. It is a globally renowned organization that administers and manages the Graduate Management Admission Test (GMAT). The GMAT is a standardized test used to evaluate the aptitude and abilities of individuals seeking admission to graduate management programs, predominantly MBA programs.
GMAC was founded in 1953, and it has since become a trusted source of assessment for business schools and universities around the world. The council contributes significantly to graduate management education by promoting excellence and fostering connections among prospective students, business schools, and employers. It continuously strives to develop and enhance its assessment tools and resources to meet the evolving needs of the business education landscape.
Apart from conducting the GMAT, GMAC offers a wide range of valuable services to both business schools and test takers. It provides research insights and market intelligence to aid schools in decision-making processes. For candidates, GMAC offers various resources, like study materials, practice tests, and personalized feedback, to help them prepare for the GMAT and succeed in their application process.
Overall, GMAC serves as a vital link between business schools and aspiring management students worldwide, facilitating the admissions process and ensuring the assessment of candidates' skills and potential in an objective and standardized manner.