Nursing Drug Classifications Related

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When the costs of a specific treatment or intervention are calculated and then compared with the dollar value of the benefit received it is referred to as:

  • A. Cost-minimization analysis
  • B. Cost-of-illness analysis
  • C. Cost-effectiveness analysis
  • D. Cost-benefit analysis
Correct Answer: D

Rationale: Cost-benefit analysis quantifies both costs and benefits in monetary terms.