UI Post-UTME Commerce 2025 (Model questions) Question 9

The features of a cooperative society include:
I. Democratic control — one member, one vote
II. Open and voluntary membership
III. Distribution of surplus to members in proportion to transactions
IV. Primary objective of maximising profit for shareholders

1. A.I, II and III only
2. B.II and IV only
3. C.I and IV only
4. D.All of the above