Which of the following distinguishes governments from nongovernmental not-for-profit organizations?
A) Absence of profit motive.
B) The power to enact and enforce a tax levy.
C) Resource providers do not expect benefits proportional to the resources provided.
D) Absence of a defined ownership interest that can be sold,transferred,or redeemed.

Question

Quizplus · Accepted Answer

The power to enact and enforce a tax levy is a distinguishing characteristic of governments as they have the legal authority to impose taxes on citizens and businesses. Non-governmental not-for-profit organizations do not possess this power. The absence of profit motive, resource providers not expecting proportional benefits, and absence of a defined ownership interest are characteristics common to both governments and non-governmental not-for-profit organizations.

Which of the Following Distinguishes Governments from Nongovernmental Not-For-Profit Organizations