The Outcome and Assessment Information Set (OASIS)...

	A.	Is used exclusively by physicians for outpatient reimbursement.
	B.	Assigns costs based on work, practice expense, and liability expense.
	C.	Is required by home health care for Medicare reimbursement.
	D.	Is exactly equivalent to the Omaha System.

A good example of a hospital's direct cost includes:

	A.	Wages and salaries for the housekeeping staff.
	B.	The cost of a nursing director attending a professional conference.
	C.	Office supply expenses for the Security Department.
	D.	Nursing staff's salaries and wages in the intensive care unit.

1. Cost Effectiveness Analysis is a technique that can be used to evaluate the merits of two different types of healthcare providers who can serve the same group of patientss.

True

False

1. Cost Benefit Anlaysis assigns a monetary value to the inputs and outputs of a program.

True

False

Cost Benefit Analysis (CBA) compares the value of program costs and program benefits while Cost Effectiveness Analysis (CEA):

	A.	Compares costs and profits for a new business venture.
	B.	Compares the benefits of various medical treatments.
	C.	Compares the cost of alternatives that achieve the same objective.
	D.	Compares the quality of life across various health conditions.

The use of QALYs...

	A.	Is a good way to estimate a person's average income in order to predict health care expenditures.
	B.	Is a good way to compare alternative ways to achieve an objective.
	C.	Is often applied in CUA to compare the costs and benefits of treatments.
	D.	Is the only way to compare costs and benefits in economic decision making.

You have $500 in an interest earning savings account where 3% interest is paid yearly at year end. How much money will you have in this account after 3 years?

	A.	$549.00
	B.	$515.00
	C.	$1000.36
	D.	$546.36

1. Using the same 3% interest earning account, how much money do you need today to have $500 in 1 (one) year?

	A.	$400.00
	B.	$485.43
	C.	$450.50
	D.	$100.00