The co-operative as a form of business organization differs from partnership by having?

Answer Details

A co-operative as a form of business organization differs from a partnership by having entrenched democratic control in the conduct of business. This means that members of a co-operative have an equal say in the decision-making process, regardless of the size of their investment in the co-operative. In a partnership, decisions are typically made based on the proportion of ownership held by each partner. Additionally, co-operatives often have established rules and regulations governing the activities of their members, which may not be present in a partnership. While co-operatives may have several sources of capital for business financing, the ability to issue preferred stocks to members is not a defining characteristic of a co-operative.