The Graduate Management Admission Test is a pre requisite for the admission into most of the Business schools in the world for different programs like MBA, Master of Accountancy, Master of Finance, etc., The GMAT score is valid for 5 years. Check www.mba.com for GMAT test fee. It is a computer-adaptive test (CAT).
You will receive 5 scores, after you take the test as AWA, IR, Quants, Verbal and Total. You will have a chance to accept or cancel. But remember, it will be shown on your official GMAT score report.
At the test center, you can send your scores to 5 programs free of cost. Additional score report costs extra.