passwella.
Menu

JAMB Economics 1991 Question 25

Question 25

Business Organisations

One of the most outstanding disadvantages of co-operative societies as business organizations is that

  1. A.true spirit of co-operation is marred by delegated authority
  2. B.members show much interest
  3. C.it is poorly financed
  4. D.membership interest is centred on sharing of essential commodities
Show the answer and explanation

Answer: C (it is poorly financed)

Explanation

Co-operatives raise capital only from members' small contributions and cannot sell shares to the public, so they lack funds.