Question

A primary characteristic that distinguishes governments from businesses 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.

Answer 1

Answer: b. The importance of the budget in the governing process

Explanation:

The differentiation in how budget is used with business and government is the primary distinguishing factor. For a business, funds may be easily accessed depend on how they are structured but carrying out projects in the government can be longer as they would be many processes involved.