A Nurse Is Educating a Group of Community Members About

question 16

Multiple Choice

A nurse is educating a group of community members about how hypertension screening is effective in reducing the rate of cardiovascular disease, thus reducing the expenses that are spent on management of this disease.Which of the following ratios is being described?

• A)Cost-disease analysis
• B)Cost-efficiency analysis
• C)Cost-benefit ratio analysis
• D)Cost-effectiveness analysis

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Definitions:

Year Ended

The conclusion of a 12-month accounting period, at which financial statements are prepared to summarize the year's transactions.

Direct Materials Used

The cost of raw materials that are directly involved in the production of goods.

Raw Materials

The basic materials and components required at the start of the production process to manufacture goods.

Total Manufacturing Costs

The sum of all costs directly associated with the production of goods, including raw materials, direct labor, and manufacturing overhead.