D156 NURS 6432 Business Case Analysis(NLM)
Objective Assessment Review (Qns & Ans)
2025
1. What is the primary objective of a business case in healthcare
improvement initiatives?
a. To increase profitability
b. To present a justification for investment ( Correct ANS )
c. To identify and terminate underperforming services
d. To create job opportunities
Rationale: A business case provides a structured argument to
secure approval and funding for healthcare improvements.
2. Which of the following is a key component of a business case
in healthcare?
a. Risk analysis ( Correct ANS )
©2025
, b. Physician contracts
c. Patient satisfaction surveys
d. Marketing strategies
Rationale: Risk analysis assesses potential challenges and
mitigations, which are crucial to effective decision-making.
3. What is the significance of return on investment (ROI) in
business case analysis for healthcare?
a. It helps determine cost-effectiveness ( Correct ANS )
b. It eliminates the need for stakeholder engagement
c. It reduces the time required for implementation
d. It focuses solely on patient satisfaction
Rationale: ROI quantifies financial benefits relative to costs,
aiding in decision-making for healthcare projects.
4. Which stakeholder group is most critical to involve in
developing a healthcare business case?
a. Suppliers
b. Patients
c. Organizational leadership ( Correct ANS )
d. Media representatives
©2025
, Rationale: Leadership provides the support, funding, and
strategic direction necessary for business case success.
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Fill-in-the-Blank Questions
5. A business case for healthcare improvement must clearly
articulate the __________ of the proposed initiative.
ANS: Value proposition
Rationale: The value proposition communicates the unique
benefits and outcomes of the initiative.
6. A thorough __________ analysis evaluates the financial,
operational, and clinical impacts of a healthcare project.
ANS: Cost-benefit
Rationale: Cost-benefit analysis weighs the anticipated costs
against potential benefits to determine feasibility.
7. In healthcare business cases, __________ serves as a metric
for measuring the impact of improvement efforts on patient
outcomes.
ANS: Key performance indicators (KPIs)
©2025
Objective Assessment Review (Qns & Ans)
2025
1. What is the primary objective of a business case in healthcare
improvement initiatives?
a. To increase profitability
b. To present a justification for investment ( Correct ANS )
c. To identify and terminate underperforming services
d. To create job opportunities
Rationale: A business case provides a structured argument to
secure approval and funding for healthcare improvements.
2. Which of the following is a key component of a business case
in healthcare?
a. Risk analysis ( Correct ANS )
©2025
, b. Physician contracts
c. Patient satisfaction surveys
d. Marketing strategies
Rationale: Risk analysis assesses potential challenges and
mitigations, which are crucial to effective decision-making.
3. What is the significance of return on investment (ROI) in
business case analysis for healthcare?
a. It helps determine cost-effectiveness ( Correct ANS )
b. It eliminates the need for stakeholder engagement
c. It reduces the time required for implementation
d. It focuses solely on patient satisfaction
Rationale: ROI quantifies financial benefits relative to costs,
aiding in decision-making for healthcare projects.
4. Which stakeholder group is most critical to involve in
developing a healthcare business case?
a. Suppliers
b. Patients
c. Organizational leadership ( Correct ANS )
d. Media representatives
©2025
, Rationale: Leadership provides the support, funding, and
strategic direction necessary for business case success.
---
Fill-in-the-Blank Questions
5. A business case for healthcare improvement must clearly
articulate the __________ of the proposed initiative.
ANS: Value proposition
Rationale: The value proposition communicates the unique
benefits and outcomes of the initiative.
6. A thorough __________ analysis evaluates the financial,
operational, and clinical impacts of a healthcare project.
ANS: Cost-benefit
Rationale: Cost-benefit analysis weighs the anticipated costs
against potential benefits to determine feasibility.
7. In healthcare business cases, __________ serves as a metric
for measuring the impact of improvement efforts on patient
outcomes.
ANS: Key performance indicators (KPIs)
©2025
