Certified Medical-Surgical Registered Nurse Practice Test

Which term describes measuring the effectiveness of an intervention rather than the monetary savings?

1. A cost-benefit analysis.

2. An efficacy study.

3. A product evaluation.

4. A cost-effective analysis.

The correct answer is: A cost-effective analysis.

A cost-effective analysis describes measuring the effectiveness of an intervention rather than the monetary savings. This type of analysis focuses on determining the best use of resources to achieve a specific outcome. In contrast, a cost-benefit analysis evaluates the monetary savings in relation to the costs involved, an efficacy study evaluates the effectiveness of an intervention in ideal conditions, and a product evaluation assesses the quality and performance of a specific product or intervention.