Axia College Material

Appendix B

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

Cost is the total money, time and resources associated with a purchase or activity.

Cost could new associated with the amount of money that one spends on one's rent or, utilities every month so that, one can sustain a healthy and happy existence.

Capital

Capital is cash or, goods used to generate income or funds for the purchase of...