Question: 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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