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JAMB Commerce 1997 Question 9

Question 9

Co-operative Societies

The business organization in which shareholders have equal votes is

  1. A.sole proprietorship
  2. B.partnership
  3. C.co-operative
  4. D.limited liability company.
Show the answer and explanation

Answer: C (co-operative)

Explanation

A co-operative works on 'one member, one vote', however many shares a member holds.