Question 1

When defining the health issue, which of the following is one of the things the team must focus on?

Accepted Answer

A)  Conducting a quantitative analysis 
B)  Exploring the financing options 
C)  Implementing programs 
D)  Identifying the affected population 
A)  Conducting a quantitative analysis 
B)  Exploring the financing options 
C)  Implementing programs 
D)  Identifying the affected population D

Question 2

The estimated monetary value of QALY can vary dramatically depending on the type of analysis that is used.

Accepted Answer

A) True 
 B)False  True

Question 3

Why is the aggregate cost method not recommended for health care costing?

Accepted Answer

A)  It is too complicated. 
B)  It can introduce ethical dilemmas. 
C)  It does not take into account how costs change with volume. 
D)  It takes costing across all units into account, which often introduces confusion. 
A)  It is too complicated. 
B)  It can introduce ethical dilemmas. 
C)  It does not take into account how costs change with volume. 
D)  It takes costing across all units into account, which often introduces confusion. C

Question 4

A proposal that does not increase the overall costs to the agency is considered:

Accepted Answer

A)  cost effective. 
B)  cost neutral. 
C)  marginal. 
D)  a cost burden. 
A)  cost effective. 
B)  cost neutral. 
C)  marginal. 
D)  a cost burden.

Question 5

Private-sector organizations most often use cost-effectiveness analysis when evaluating and comparing investment opportunities.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following uses lost labor productivity as a measurement?

Accepted Answer

A)  Proxy approach 
B)  Human capital approach 
C)  Benefit-cost concept 
D)  Standard gamble approach 
A)  Proxy approach 
B)  Human capital approach 
C)  Benefit-cost concept 
D)  Standard gamble approach

Question 7

The ACA incorporated only three of the general methods for rectifying health care maldistribution.

Accepted Answer

A) True 
 B)False

Question 8

The Monte Carlo simulation technique is an example of which of the following?

Accepted Answer

A)  Aggregate costing 
B)  A way to determine semi-fixed costs 
C)  An uncertain method of analysis 
D)  Sensitivity analysis 
A)  Aggregate costing 
B)  A way to determine semi-fixed costs 
C)  An uncertain method of analysis 
D)  Sensitivity analysis

Question 9

In what way are ratios useful?

Accepted Answer

A)  They are useful when compared to a minimum standard value. 
B)  They can stand alone, providing vital information for financial analyses. 
C)  They are often used by outside vendors to prove a program's worth. 
D)  They ensure that a program does not stray too far from the status quo. 
A)  They are useful when compared to a minimum standard value. 
B)  They can stand alone, providing vital information for financial analyses. 
C)  They are often used by outside vendors to prove a program's worth. 
D)  They ensure that a program does not stray too far from the status quo.

Question 10

Which of the following is the first step in the CBA/CEA process?

Accepted Answer

A)  Agree on the delivery system. 
B)  Define the health care issue. 
C)  Deal with uncertainties. 
D)  Identify financing methods. 
A)  Agree on the delivery system. 
B)  Define the health care issue. 
C)  Deal with uncertainties. 
D)  Identify financing methods.

Question 11

Financial decisions never involve a "zero-sum" game.

Accepted Answer

A) True 
 B)False

Question 12

Basic economic tools, such as supply and demand analysis, are often used by health care professionals.

Accepted Answer

A) True 
 B)False

Question 13

The question of whether money will lose its purchasing power in the future due to inflation is a component of which of the following?

Accepted Answer

A)  Aggregate costing 
B)  QALY estimates 
C)  Time value of money 
D)  Discounting 
A)  Aggregate costing 
B)  QALY estimates 
C)  Time value of money 
D)  Discounting

Question 14

In cost analysis, it is best to begin by discussing monetary costs.

Accepted Answer

A) True 
 B)False

Question 15

Weinstein and Stason noted that a key issue with cost-benefit analysis in health care is that:

Accepted Answer

A)  it is too subjective. 
B)  it necessitates putting a dollar value on life and health. 
C)  health care cannot be measured using any one metric. 
D)  it puts too little emphasis on expenses. 
A)  it is too subjective. 
B)  it necessitates putting a dollar value on life and health. 
C)  health care cannot be measured using any one metric. 
D)  it puts too little emphasis on expenses.

Question 16

Analysis of health care services based on supply and demand is complicated by the fact that:

Accepted Answer

A)  demand is generated from more than one source. 
B)  it is difficult to define "supply." 
C)  if prices are modified, the entire process must be repeated from scratch. 
D)  it is impossible to make estimates of the impact of price changes. 
A)  demand is generated from more than one source. 
B)  it is difficult to define "supply." 
C)  if prices are modified, the entire process must be repeated from scratch. 
D)  it is impossible to make estimates of the impact of price changes.

Question 17

Because health care inflation rates are high, health care costing analyses tend to be especially sensitive to the inflation effect.

Accepted Answer

A) True 
 B)False

Question 18

It is less important for governmental programs to estimate cash flows and reserves than it is for organizations operating in the private sector.

Accepted Answer

A) True 
 B)False

Question 19

Small organizations especially have to worry about:

Accepted Answer

A)  discrimination in hiring. 
B)  competition. 
C)  working capital requirements. 
D)  executive compensation. 
A)  discrimination in hiring. 
B)  competition. 
C)  working capital requirements. 
D)  executive compensation.

Question 20

Estimates, such as that of the effectiveness of a process, are sometimes revised once the process is better defined and understood.

Accepted Answer

A) True 
 B)False

When defining the health issue, which of the following is one of the things the team must focus on?

The estimated monetary value of QALY can vary dramatically depending on the type of analysis that is used.

Why is the aggregate cost method not recommended for health care costing?

A proposal that does not increase the overall costs to the agency is considered:

Private-sector organizations most often use cost-effectiveness analysis when evaluating and comparing investment opportunities.

Which of the following uses lost labor productivity as a measurement?

The ACA incorporated only three of the general methods for rectifying health care maldistribution.

The Monte Carlo simulation technique is an example of which of the following?

In what way are ratios useful?

Which of the following is the first step in the CBA/CEA process?

Financial decisions never involve a "zero-sum" game.

Basic economic tools, such as supply and demand analysis, are often used by health care professionals.

The question of whether money will lose its purchasing power in the future due to inflation is a component of which of the following?

In cost analysis, it is best to begin by discussing monetary costs.

Weinstein and Stason noted that a key issue with cost-benefit analysis in health care is that:

Analysis of health care services based on supply and demand is complicated by the fact that:

Because health care inflation rates are high, health care costing analyses tend to be especially sensitive to the inflation effect.

It is less important for governmental programs to estimate cash flows and reserves than it is for organizations operating in the private sector.

Small organizations especially have to worry about:

Estimates, such as that of the effectiveness of a process, are sometimes revised once the process is better defined and understood.

Introduction

American Exceptionalism - Conceptual and Structural

American Exceptionalism Historical and Political

Where Do We Want to Be

What Are the Governmental Alternatives

The Policy Analysis Process: Identification and Definition

The Policy Analysis Process: Health Technology Assessment

The Policy Analysis Process: Evidence-Based Medicine

The Policy Analysis Process: Evaluation of Political Feasibility

The Policy Analysis Process: Analysis of Values

Implementation Strategy and Planning

Health Professional Leadership

All Those Levers and Still No Fulcrum

Filters

Exam 10: The Policy Analysis Process: Evaluation of Economic Viability

When defining the health issue, which of the following is one of the things the team must focus on?

The estimated monetary value of QALY can vary dramatically depending on the type of analysis that is used.

Why is the aggregate cost method not recommended for health care costing?

A proposal that does not increase the overall costs to the agency is considered:

Private-sector organizations most often use cost-effectiveness analysis when evaluating and comparing investment opportunities.

Which of the following uses lost labor productivity as a measurement?

The ACA incorporated only three of the general methods for rectifying health care maldistribution.

The Monte Carlo simulation technique is an example of which of the following?

In what way are ratios useful?

Which of the following is the first step in the CBA/CEA process?

Financial decisions never involve a "zero-sum" game.

Basic economic tools, such as supply and demand analysis, are often used by health care professionals.

The question of whether money will lose its purchasing power in the future due to inflation is a component of which of the following?

In cost analysis, it is best to begin by discussing monetary costs.

Weinstein and Stason noted that a key issue with cost-benefit analysis in health care is that:

Analysis of health care services based on supply and demand is complicated by the fact that:

Because health care inflation rates are high, health care costing analyses tend to be especially sensitive to the inflation effect.

It is less important for governmental programs to estimate cash flows and reserves than it is for organizations operating in the private sector.

Small organizations especially have to worry about:

Estimates, such as that of the effectiveness of a process, are sometimes revised once the process is better defined and understood.

Introduction

American Exceptionalism - Conceptual and Structural

American Exceptionalism Historical and Political

Where Do We Want to Be

What Are the Governmental Alternatives

The Policy Analysis Process: Identification and Definition

The Policy Analysis Process: Health Technology Assessment

The Policy Analysis Process: Evidence-Based Medicine

The Policy Analysis Process: Evaluation of Political Feasibility

The Policy Analysis Process: Analysis of Values

Implementation Strategy and Planning

Health Professional Leadership

All Those Levers and Still No Fulcrum

Filters