Question 23
Business OrganisationsThe co-operative as a form of business organization differs from partnership by having
- A.several sources of capital for business financing
- B.ability to issue preferred stocks to members
- C.entrenched democratic control in the conduct of business
- D.established rules and regulations governing the activities of its members.
Show the answer and explanation
Answer: C (entrenched democratic control in the conduct of business)
Explanation
Co-operatives are run on 'one member, one vote', however many shares a member holds; this democratic control sets them apart.