Do ECEs have a penalty for wrong answers?

Hello,

I will probably soon be taking the ECE Production/Operations Management exam in the paper&pencil form. Does anyone know whether ECEs have a penalty for wrong answers?

Thanks,

Dennis Siemens

 

"Excelsior College Examinations Program (ECEP)
* These exams have an average of 160 questions and have a time limit of 3 hours.
* No penalty for guessing."
-- http://www.bliss.army.mil/Services/EdCenter/testing.htm

"The examination consists of approximately 130 four-option multiple-choice questions [...] You will have three (3) hours to complete the examination. [...] Scores are based on ability level as defined in the item response theory (IRT) method of exam development, rather than simply on your total number of correct answers."
-- http://www.excelsior.edu/pdf/Production_Operations_Management.pdf