Question on: JAMB Commerce - 2019
The basic characteristics of co-operative society include all except one
A
It is managed democratically
B
It follows the principle of one man
C
Amateur Management
D
Extra capital is raised through loan
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Correct Option: C
Members in the management committees of co-operative societies often lack business experience and expertise.
co-operative societies:
A person is free to join a cooperative society, and can also leave anytime as per his desire. Irrespective of their religion, gender & caste, membership is open to all. It is compulsory for the co-operative society to get registration
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