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Difference between a hosting and a site
On a technical level
A hosting covers different websites It is therefore possible to add several websites to a hosting (multisite management). In this case, the hosting resources (disk space, databases, runtimes and script memories, etc.) are shared between the different websites on the hosting.
For example, the basic Cloud Server plan contains 5 hostings and 20 websites. That means that you can create 20 website with 20 different domain/subdomain names which you can organise freely among your 5 hostings.
On an administrative level
You can assign rights at the level of a hosting. For example, you can assign the management of all sites contained on one hosting to one person.
However, it is impossible to assign the management of certain sites at the heart of the same hosting.