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JAMB Commerce 2007 Question 21

Question 21

Co-operative Societies

A major criticism of a cooperative society is

  1. A.limited capital
  2. B.granting excessive loans to members
  3. C.selling goods on credit to non-members
  4. D.management incompetence.
Show the answer and explanation

Answer: D (management incompetence.)

Explanation

Cooperatives are often run by members without management training, so poor management is a major weakness.