A major criticism of a cooperative society is?

Assessment: JAMB UTME - Commerce - 2007 Subject: Commerce

Question 1 Report

A major criticism of a cooperative society is?
Answer Details
A cooperative society is a business organization owned and operated by a group of individuals for their mutual benefit. A major criticism of a cooperative society is management incompetence. This means that the cooperative society may be poorly managed, which can lead to mismanagement of funds, poor decision making, and ultimately, the failure of the cooperative society. The management of a cooperative society should be competent in order to ensure the success and profitability of the society.
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