passwella.
Menu

WAEC Commerce 1991 (August) Question 34

Question 34

Co-operative Societies

Which of the following is a feature of Co-operative Societies?

  1. A.Each member has several votes during meetings
  2. B.Profits are shared on the basis of shares held
  3. C.All members have equal votes during meetings
  4. D.Members are not involved in running the business
  5. E.The welfare of members is not taken into consideration
Show the answer and explanation

Answer: C (All members have equal votes during meetings)

Explanation

Co-operatives are democratic: one member, one vote.