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GASB suggests that there are 4 major differences between governments and businesses: 1. Organizational Purpose 2. Revenue Process and Sources 3. Longevity 4. Relationship with
GASB suggests that there are 4 major differences between governments and businesses:
1. Organizational Purpose
2. Revenue Process and Sources
3. Longevity
4. Relationship with Stakeholders
5. Importance of Budget
Explain the difference between governments and for-profit businesses in each of these 5 areas.
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