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WAEC Commerce 2016 Question 24

Question 24

Co-operative Societies

The business unit that applies the principle of one man, one vote is

  1. A.Sole proprietorship.
  2. B.Partnership.
  3. C.Public company.
  4. D.Co-operative society.
Show the answer and explanation

Answer: D (Co-operative society.)

Explanation

In a co-operative each member has one vote however many shares he holds.