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WAEC Economics 2013 Question 12

Question 12

Business Organisations

A co-operative society is a

  1. A.finance house.
  2. B.self-help business organization.
  3. C.public corporation.
  4. D.non-democratic business organization.
Show the answer and explanation

Answer: B (self-help business organization.)

Explanation

Members pool their resources to help themselves, run democratically (one member, one vote).