One duty of the nurse manager is analyzing the budget. The questions below are based on the more commonly used nursing department economic evaluation methods.What is cost analysis?
A) A measurement of the cost of a product, service or intervention
B) Costs spent per outcome achieved
C) Ratio of total costs to total benefits expressed in both dollars and benefit value
D) Comparison of interventions to achieve one quality-adjusted life year
Correct Answer:
Verified
Q37: The nurse manager prepares a monthly financial
Q38: A discrepancy in a line-item comparison of
Q39: Variances may be indicative of:
A)Errors
B)Necessary changes
C)Lack of
Q40: Continued variances to budgets that are not
Q41: Why is it essential to consider goals
Q43: What is a cost-effective analysis?
A)A measurement of
Q44: What is a cost- benefit analysis?
A)A measurement
Q45: Nurse managers use a budget variance report
Q46: Nurse managers use variance tables to:
A)Show variances
Q47: Nurse managers use variance graphs to:
A)Spot trends
B)Spot
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