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WAEC Economics 2000 Question 14

Question 14

Business Organisations

The Consumers' Co-operative Society is owned by

  1. A.a management committee
  2. B.members of the society
  3. C.debenture holders
  4. D.the government.
Show the answer and explanation

Answer: B (members of the society)

Explanation

A consumers' co-operative is owned by its members, who buy shares and share the surplus.