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