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WAEC Commerce 2025 Question 18

Question 18

Co-operative Societies

An attribute of a coprative society that makes it democratic is

  1. A.possession of common interest by members.
  2. B.patronage as a criteria for profit sharing.
  3. C.high value placed on members' welfare.
  4. D.entitlement to one vote by each member.
Show the answer and explanation

Answer: D (entitlement to one vote by each member.)

Explanation

In a cooperative each member has one vote however many shares he holds, which makes control democratic.