A primary characteristic that distinguishes governmental entities from business entities is
A) the need to generate revenues equal to or in excess of expenditures/expenses.
B) the importance of the budget in the governing process.
C) the need to provide goods or services.
D) the correlation between revenues generated and demand for goods or services.
Correct Answer:
Verified
Q2: Governmental entities have no need for an
Q7: Which of the following characteristics is NOT
Q8: To obtain a comprehensive understanding of a
Q8: Governments and not-for-profits employ a system of
Q9: In which of the following activities is
Q13: The Governmental Accounting Standards Board established generally
Q14: Which of the following is NOT a
Q15: The most significant financial document provided by
Q16: The main objective of a typical governmental
Q17: Which of the following is common to
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