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Nurse Manager Exam #1: Financial Management

Category - Financial Management

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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 measurement of the cost of a product, service or intervention
Costs spent per outcome achieved
Ratio of total costs to total benefits expressed in both dollars and benefit value
Comparison of interventions to achieve one quality-adjusted life year

Explanation

Answer: A - A measurement of the cost of a product, service or intervention. A cost analysis is a measurement of the cost of a product, service or intervention.

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Nurse Manager Exam #1: Financial Management

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Nurse Manager Exam #1: Financial Management

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