Which of the following is common to both governments and not-for-profit entities but distinguishes these entities from for-profit entities?
A)The budget is a legal, financial document.
B)Revenues are usually indicative of demand for goods or services.
C)There is direct matching of revenues and expenses.
D)There are no defined ownership interests.

Question

Quizplus · Accepted Answer

Both governments and not-for-profit entities are characterized by the absence of defined ownership interests, which distinguishes them from for-profit entities that are owned by shareholders. The other options do not accurately describe a common feature of these entities.

Which of the Following Is Common to Both Governments and Not-For-Profit