New modalities for assessing student learning exist as a result of advances in computer technology. Conventional measurement practices have been transformed into computer based testing. Although current testing replicates assessment processes used in college classrooms, a greater opportunity exists to use computer technology to create authentic assessments. Assessments that mirror real world scenarios and often teach and enhance skill building while measuring student achievement. This case study examines the evaluation of business simulations as authentic assessment instruments using the five dimensions of authenticity developed by Gulikers, Bastiaens and Kirschner (2004). The paper will conclude with a review of business simulations available in the marketplace.