A Primary Characteristic That Distinguishes Governmental Entities from Business Entities

question 13

Multiple Choice

A primary characteristic that distinguishes governmental entities from business entities 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.

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Definitions:

Cost Adjustment

The process of modifying an organization's cost structure through various strategies such as reducing expenses, improving efficiency, or restructuring operations.

Reduced Work Week

An employment arrangement that decreases the number of hours worked per week, often to improve work-life balance or increase productivity.

Voluntary Sabbaticals

A period of leave granted to employees, which is not mandated but chosen freely, often for personal or professional development purposes.

Procedural Justice

Procedures or rules used to determine which employees will be downsized.