In Cost-Effectiveness Analysis,constant Cost Studies

question 2

Multiple Choice

In cost-effectiveness analysis,constant cost studies:

• A) are rarely used
• B) attempt to specify the output which may be achieved from a number of alternative programs,assuming all are funded at the same level
• C) are useless because they fail to adequately evaluate program benefits
• D) try to find the least expensive way of achieving a certain objective
• E) none of the above

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Definitions:

Needs

Needs refer to the basic requirements or essentials that individuals must have to survive and function, such as food, shelter, and safety.

Intangibility

A characteristic of services that means they cannot be seen, tasted, felt, heard, or smelled before they are bought.

Subjective Criteria

Decision-making factors based on personal preferences, opinions, or judgments rather than on objective data.

Purchase Decision

The final stage in the buying process where a consumer chooses to buy a specific product or service after considering various alternatives.