What is the difference between a Homework assignment and a Test assignment? (Instructors)

A Homework assignment is a 'formative' assignment which is aimed at helping the students in developing concepts with clarity. In Homework assignments, you can assign study material, flashcards, practice quizzes, homework quizzes and activities for the students.

A Test assignment is a 'summative' assignment which is aimed at evaluating the core concepts of the students. These assignments can have practice quizzes, homework quizzes and activities only. Test assignments can be configured to be time-restricted (have a fixed time) as well.