Question

i have to do this and i have no idea im so confused i know to define but what is a real world example. and what are the fouec's and five pillars? im confused a little hint of help please


The Four C’s and Five Pillars

Directions: Consult Ch. 1 and the glossary of Financial Management in Health Care Organizations as well as other outside sources as necessary in order to complete the tables in Parts I and II. Provide a definition in your own words for each term, as well as a real-world example. The examples need not be from the field of health care.

Part I: The Four C’s

Term
Definition
Real-world example


Cost




Capital




Cash




Conservation






Part II: The Five Pillars of Financial Practice

Term
Definition
Real-world example


Cash flows




Maximizing behavior




Risk aversion




Time value of money




Opportunity cost