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JAMB Economics 2014 Question 43

Question 43

Business Organisations

The voting power in co-operative societies is vested on

  1. A.the shareholders.
  2. B.members with the highest contribution.
  3. C.the management.
  4. D.members without loan.
Show the answer and explanation

Answer: A (the shareholders.)

Explanation

In a co-operative each member has one vote no matter how many shares he holds, so voting power belongs to the member-shareholders.