Pharmacy Curriculum Outcomes Assessment (PCOA) Practice Exam

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In Cost-Benefit analysis, how are the consequences of a program expressed?

In different units depending on the consequence
In the same units, usually money
In terms of utilities
In qualitative terms only

The correct answer is: In the same units, usually money

Cost-Benefit analysis is a method used to evaluate the potential outcomes of a program. The consequences of a program are typically expressed in the same units, usually in terms of money. This allows for a direct comparison of the costs and benefits of the program. Options A, C, and D are incorrect because they do not provide a standard unit of measurement for comparing the consequences of a program and may not accurately reflect its true value. For example, expressing benefits in terms of utilities may not accurately represent the direct monetary value of those benefits. Qualitative terms would also not provide a clear understanding of the program's potential outcomes and may not be easily comparable to its costs. Therefore, the most appropriate way to express the consequences of a program in Cost-Benefit analysis is in the same units, usually in terms of money.