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What is a primary characteristic that distinguishes governmental entities from business entities?
Wiki User
∙ 13y ago
The main difference is the purpose of the entity. A business entity's goal is to maximize its shareholder value by earning profits. Government entities exist for various purposes that Congress has determined are necessary either for the government to function properly, or to fill a perceived social need that is not being adequately supplied by the private sector. Since government entities are financed primarily through tax dollars, they are not supposed to earn profits... only enough money to accomplish their specific goals.
Wiki User
∙ 13y ago
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Solution Manual Accounting for Governmental and Nonprofit Entities 15e?
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=120612552329&ssPageName=STRK:MESELX:IT#ht_500wt_1154
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