passwella.
Menu

WAEC Commerce 2010 Question 40

Question 40

Co-operative Societies

Which of the following is not a feature of a co-operative society?

  1. A.Owners are the customers
  2. B.Capital can be repaid to a member
  3. C.Votes are according to shares held
  4. D.Dividend is based on patronage
Show the answer and explanation

Answer: C (Votes are according to shares held)

Explanation

In a co-operative each member has one vote, whatever shares he holds.