Why Would a Government Be More Likely Than a Not-For-Profit

question 33

Multiple Choice

Why would a government be more likely than a not-for-profit organization to integrate its budget into its accounting system?

• A) Because the amount of expenditures is likely to be greater.
• B) Because the penalties for exceeding budgeted expenditures are more severe.
• C) Because governments have more sophisticated accounting systems than not-for-profit organizations.
• D) Governments are NOT more likely than not-for-profits to formally integrate their budget into their accounting system.

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