Which of the following characteristics is NOT a characteristic that may distinguish a governmental or not-for-profit entity from a business entity?
A) There is often no direct link between revenues generated and expenditures/expenses incurred.
B) Capital assets may neither produce revenues nor save costs.
C) Revenues may not be indicative of demand for goods and services.
D) The mission of the entity will determine the goods or services provided.
Correct Answer:
Verified
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