A government partnership is a contractual arrangement between the government and a party or parties outside of the government reporting entity that has all of the following characteristics EXCEPT:
A) The partners cooperate toward achieving significant clearly defined common goals.
B) At least one of the partners makes a financial investment in the government partnership.
C) The partners share control of decisions related to the financial and operating policies of the government partnership on an ongoing basis.
D) The partners share, on an equitable basis, the significant risks and benefits associated with the operations of the government partnership.
Correct Answer:
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