Question

In: Nursing

Use these terms to answer these questions (can use more than once) Break-even analysis, Benefi-Cost analysis,...

Use these terms to answer these questions (can use more than once) Break-even analysis, Benefi-Cost analysis, Cost Effectiveness analysis

If your boss wants to know how many cases of obesity need to be eliminated in a year to offset the cost of your weight management program, you should use:

If you want to show your boss that a program with health coaches is worth the high cost since it will ultimately result in larger positive health outcomes and reduced health care cost, you should use:

If you want to show your boss that a smoking cessation program without expensive materials will result in just as many non-smokers as a program with expensive materials, you should use:

Solutions

Expert Solution

ANSWER 1

BREAK EVEN ANALYSIS should be used to know how many cases of obesity needs to be eliminated/year to offset the cost of weight management program.

POINTS  TO PONDER

Break even analysis is a useful tool for determining at what point a  programme , a new product or service, will be profitable.

It determines the number of products or services you need to sell to at least cover your costs.
When you’ve broken even, you are neither losing money nor making money, but all your costs have been covered.


ANSWER 2

BENIFIT COST ANALYSIS should be used to show that a programme with health coaches is worth its high cost.

POINTS  TO PONDER

It helps to decide whether the advantages of a particular action are likely to outweigh its drawbacks.

It helps to determine if the project is sound, justifiable and feasible by figuring out if its benefits outweigh costs.

ANSWER 3

COST EFFECTIVENESS ANALYSIS should be used to show that smoking cessation programme without expensive material will result in as many non smokers as any other expensive project.

POINTS TO PONDER

Cost-effectiveness analysis is a way to examine both the costs and health outcomes of one or more interventions.
It compares an intervention to another intervention and helps to redirect resources to achieve more.

It demonstrates not only the utility of a programme  from ineffective to effective interventions, but also th from less to more cost-effective interventions.


Related Solutions

Once you have determined the break-even point for your product, you can use it to examine...
Once you have determined the break-even point for your product, you can use it to examine the effects of increasing or decreasing the role of fixed costs in your operating structure. The extent to which a business uses fixed costs (compared with variable costs) in its operations is referred to as operating leverage. The greater the use of operating leverage (fixed costs, often associated with fixed assets), the larger the increase in profit as sales rise and the larger the...
Complete the sentences by using the following terms may be used once, more than once, or...
Complete the sentences by using the following terms may be used once, more than once, or not at all: Congruence, controllability princple, customer, decentralization, decrease, economic value added (EVA), external market price, financial, full cost, incongruence, increase, internal business, investment, learning and growth, profit, residual income, responsibility accounting, return on investment, sales revenue. 1. Managers of a(n)______center are evaulated based on measures such as ROI and residual income. 2. Supoptimal decisions and duplication of resources are considered disadvantages of______. 3....
describe applications of break-even analysis in practice. provide limitations of break-even analysis.
describe applications of break-even analysis in practice. provide limitations of break-even analysis.
Match the questions with its answer. Some answers may be used more than once, some not...
Match the questions with its answer. Some answers may be used more than once, some not at all. What tissue type is the pigmented layer? What is the pigment in the pigmented cells?        What is the anatomical structure of the neurons of the retina?    Which photoreceptor cell is responsible for color?             Which photoreceptor cell is activated by dim light?           What is the name of the area with the greatest visual acuity?       Which photoreceptor cell is found in the area...
STRATEGIC COST MANAGEMENT - BREAK-EVEN POINT AND CVP ANALYSIS
Cornwell Company is in business since 2010, makes swimwear for professional athletes. Analysis of the firm's record for the year reavelas the following:                 Average swimsuit selling price                      $140                 Average swimsuit expenses:                     Direct Material                       ...
STRATEGIC COST MANAGEMENT - BREAK-EVEN POINT AND CVP ANALYSIS
Cornwell Company is in business since 2010, makes swimwear for professional athletes. Analysis of the firm's record for the year reavelas the following:                 Average swimsuit selling price                      $140                 Average swimsuit expenses:                     Direct Material                       ...
What is break-even? How is break-even calculated? How is a break-even analysis used? What are the...
What is break-even? How is break-even calculated? How is a break-even analysis used? What are the risks if break-even is not analyzed carefully?
The objective of break-even analysis is:
The objective of break-even analysis is:A.determine the number of units to produce that will equate total profit with total costB.determine the number of units to produce that will equate total revenue with total costC.determine the number of units to produce that will equate variable cost with fixed costD.determine the number of units to produce to maximize profit
8) Match each definition with the term it defines. You may use terms once, more than...
8) Match each definition with the term it defines. You may use terms once, more than once, or not at all. If all of your answers are correct, a clue will appear.    A. Variance B Dependent C. Residual plot D. Independent E. Mutually exclusive F. Correlation coefficient G. Simple random sample H. Permutation I. Z-score J. Normal distribution K. Student’s t distribution L. Tukey-Kramer test M. Discrete N. Continuous O. Skewed to the left P. Chi-square goodness-of-fit test Q....
Break-even Analysis : Break-even analysis attempts to determine the volume of sales necessary for a manufacturer...
Break-even Analysis : Break-even analysis attempts to determine the volume of sales necessary for a manufacturer to cover costs, or to make revenue equal costs. It is helpful in setting prices, estimating profit or loss potentials, and determining the discretionary costs that should be incurred. The general formula for calculating break-even units is: Break-even Units = ( Total fixed costs ) / ( Unit selling price - Unit variable cost ) In StratSim, total fixed costs can be broken into...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT