A primary characteristic that distinguishes not-for-profit 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.

Question

Quizplus · Accepted Answer

The Answer of A primary characteristic that distinguishes not-for-profit 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.

A Primary Characteristic That Distinguishes Not-For-Profit Entities from Business Entities