WAEC SSCE - Commerce - 1990 (Objective)

which of the following is a feature of co-operative society?

dividend is based on the number of shares sold

limited membership

owned and run by the state

democratic controll and management

voting rights are not equal

Antwoorddetails

A feature of a co-operative society is democratic control and management. This means that the members have an equal say in the decision-making process of the society, regardless of their investment or shareholding. Each member has one vote, which helps to ensure that the society is run in the best interests of all members. Democratic control and management is a key principle of co-operative societies, and it helps to promote fairness, equality and transparency in the society's operations. Therefore, among the options provided, the correct feature of a co-operative society is "democratic control and management."






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