Personally. I thin the grading system should be adjusted.
Outstanding- If the student met all of the requirements and went above and beyond.
Exceeds Expectations- If the student might have missed a requirement, but still put in a lot of effort.
Good- The student met all of the expectations/requirements, but made little effort beyond that. Or put in some effort but missed a couple requirements.
Acceptable- The requirements were met, but that was it. Or there was some effort and a missing requirements.
poor- A number of requirements were missing with little to no effort. or there was some effort and almost no requirements met.
Dreadful- At least one requirement was met, but little to no effort
Troll- Plagiarised or copied and pasted HW, no requirements and no effort, blank assignment, etc.
The reason is because Exceeds Expectations and Outstanding both mean that the HW was above and beyond what was required to pass. They exceeded the expectations of the homework, or were outstanding pieces.
Good and acceptable are basically saying that it met requirements or was at least passable.
And poor, dreadful, and troll are for assignments that failed to meet requirements in varying degrees.
From what I have seen, giving outstandings and Exceeds Expectations just for getting the minimum requirements turns more people away from bothering to do more than the minimum rather than promoting a desire to come back and try and do HW. Most people are just doing the HW for the points and money anyways. And knowing someone who answered each requirement with a couple words and said it was from their imagination, but has to be given an outstanding turns graders off to grading unless they just want money or points.
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