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Which of the following is NOT a correct description of a difference between the legal or economic factors affecting governments, and those affecting businesses? Governments

  1. Which of the following is NOT a correct description of a difference between the legal or economic factors affecting governments, and those affecting businesses?

Governments have no owners

There are different bankruptcy laws for governments and for businesses

Governments can obtain revenues through taxation, but businesses cannot

Business managers have less flexibility in deviating from budgets than government officials do.

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