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The nurse participates in a quality assurance program. Data from the previous year indicates a 2% reduction in the number of repeat admissions for clients who underwent hip replacement surgery. The nurse recognizes this is which type of evaluation?
Standard Costs
Predetermined cost estimates used to measure the cost performance of an operation, allowing for budgeting and variance analysis against actual costs.
Standard Price
A predetermined cost of a resource or product, used for budgeting and cost control purposes.
Standard Quantity
A predetermined amount of input that should be used in producing a unit of output.
Standard Costs
Predetermined costs for manufacturing a product or service, used as a benchmark to measure the actual costs of production.
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