Week 1 Appendix B - Axia College Material Appendix B The...

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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 The amount of value a corporation has to provide the services it supplies. The company installed new computers to keep up with their demand. Capital The assets a company has to keep them going. A construction company uses its value as a company to secure a loan for a future project. Cash The current amount of money a company has to use for payroll, bills, etc. Phil went to the bank to make a deposit to cover the payroll checks. Conservation The way a company attempts to keep their value of their business and services. A company offers their
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Week 1 Appendix B - Axia College Material Appendix B The...

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