"Management is financial management." They add: "Any entity whose managers profess to manage the entity towards its goals must understand and manage the financial implications of reaching those goals. The decision to embark on an activity to meet a goal requires careful analysis, evaluation and monitoring of the implications for the entitys financial position." They define "financial position" and then proceed to provide a practical example of the above aspects.

Provide and explain your own practical example of the above aspects. Reach a brief conclusion on what this means in the context of the public sector.