HGMT 307 Managerial Epidemiology & Decision Making Final Exam Guide Q & A 2026 (Complete And Verified Study material) (33pages) LEARNEXAMS

1. A hospital administrator is evaluating the cost-effectiveness of two different health interventions. Which epidemiological measure would best assist in comparing the financial impact of these interventions? - A) Incidence rate - B) Prevalence rate - C) Disability-adjusted life years (DALYs) - D) Case fatality rate Correct Answer: C) DALYs provide a measure of the overall disease burden and can be used to compare the cost-effectiveness of different interventions. 2. In the context of healthcare decision-making, what does the term 'opportunity cost' refer to? - A) The cost of the chosen intervention - B) The cost of the next best alternative that is foregone - C) The total cost incurred by the healthcare facility - D) The cost passed on to the patient Correct Answer: B) Opportunity cost ref