Multiple Choice
Which of the following characteristics best distinguishes a government entity from a business entity?
A) Governments operate in a very small section of the economy while businesses operate globally.
B) Cost analysis and other control and evaluation techniques are essential to ensure that resources are used economically and efficiently.
C) Those contributing resources to the entity do not necessarily receive a direct or proportionate share the services.
D) Businesses must acquire and convert scarce resources while governments can demand whatever they need.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: Each of the following would be defined
Q20: Which of the following is considered to
Q21: Which organization has the highest level of
Q22: Which of the following has the highest
Q23: The primary users of external financial reports,
Q24: Rank the following documents in the proper
Q25: The Financial Accounting Foundation does not have
Q27: Fixed-dollar budgets and appropriations are most often
Q28: Which of the following is
Q29: Which of the following activities would most