BCMAS QUIZ 5 | BOARD CERTIFIED MEDICAL AFFAIRS SPECIALIST QUIZ 5
PRACTICE QUESTIONS & EXAM REVIEW 2026/2027
Select the correct statement(s). - ANS ✔✔Cost-utility analysis (CUA): outcomes take into account patient
preferences (or utilities).
Cost-minimization analysis (CMA): outcomes are assumed to be equivalent ;
True or False. Sarah is an HEOR director at a mid-size biotech company and is trying to determine what
the most common discount rates are in the literature. She conducted a literature review and uncovered
that the most common discounted rates currently seen in the literature are 3% to 5%. - ANS ✔✔True
Discounting is a term that describes: - ANS ✔✔The discount of present costs based on future values
When is a cost minimization analysis (CMA) used? - ANS ✔✔When all outcomes are expected to be
equal
When is a cost-utility analysis (CUA) used? - ANS ✔✔When patient preferences for alternative
treatments are being considered
Which of the following is a self-assessment that measures multiple aspects of a patient's perceived well-
being? - ANS ✔✔Health Status Assessment
When is a cost effectiveness analysis (CEA) used? - ANS ✔✔When outcomes of each treatment are
measured in nonmonetary units
When are the probabilities of outcomes determined? - ANS ✔✔After identifying necessary resources to
conduct analysis
Which of the following best describes the sequence of conducting a pharmacoeconomic analysis? - ANS
✔✔Define the problem → determine study's perspective → select pharmacoeconomic model → identify
necessary resources
Select the correct statement(s). - ANS ✔✔Direct medical costs are the medically-related inputs used
directly in providing the treatment.
Direct nonmedical costs directly associated with treatment. Examples include the cost of traveling to and
from the physician's office or hospital, babysitting
Intangible costs include the costs of pain, suffering, anxiety, or fatigue
PRACTICE QUESTIONS & EXAM REVIEW 2026/2027
Select the correct statement(s). - ANS ✔✔Cost-utility analysis (CUA): outcomes take into account patient
preferences (or utilities).
Cost-minimization analysis (CMA): outcomes are assumed to be equivalent ;
True or False. Sarah is an HEOR director at a mid-size biotech company and is trying to determine what
the most common discount rates are in the literature. She conducted a literature review and uncovered
that the most common discounted rates currently seen in the literature are 3% to 5%. - ANS ✔✔True
Discounting is a term that describes: - ANS ✔✔The discount of present costs based on future values
When is a cost minimization analysis (CMA) used? - ANS ✔✔When all outcomes are expected to be
equal
When is a cost-utility analysis (CUA) used? - ANS ✔✔When patient preferences for alternative
treatments are being considered
Which of the following is a self-assessment that measures multiple aspects of a patient's perceived well-
being? - ANS ✔✔Health Status Assessment
When is a cost effectiveness analysis (CEA) used? - ANS ✔✔When outcomes of each treatment are
measured in nonmonetary units
When are the probabilities of outcomes determined? - ANS ✔✔After identifying necessary resources to
conduct analysis
Which of the following best describes the sequence of conducting a pharmacoeconomic analysis? - ANS
✔✔Define the problem → determine study's perspective → select pharmacoeconomic model → identify
necessary resources
Select the correct statement(s). - ANS ✔✔Direct medical costs are the medically-related inputs used
directly in providing the treatment.
Direct nonmedical costs directly associated with treatment. Examples include the cost of traveling to and
from the physician's office or hospital, babysitting
Intangible costs include the costs of pain, suffering, anxiety, or fatigue
