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JAMB Commerce 2007 Question 36

Question 36

Co-operative Societies

The traditional way of paying cooperative dividend is to distribute profit in proportion to members'

  1. A.subscriptions
  2. B.total savings
  3. C.volume of purchases
  4. D.contributions.
Show the answer and explanation

Answer: C (volume of purchases)

Explanation

In a consumer cooperative, the surplus is shared as a dividend according to how much each member bought.