Earlier quoted context omitted.
I've had a different experience on the hiring side of the table. The coding exercise that we provide as part of the interview has been very successful in surfacing the skill and talent of the programmer. By using that screening device, we have assembled a team of very sharp programmers. It's totally worth filtering out people who choose not to spend the time. Even though we end up losing some potential candidates, it…
A take-home test has a 0% chance of being cheated on? Are you sure you're talking about the same thing here?
Also, the exercise is designed to be original and so a solution can't be Googled.