Which of the Following Defines Work-Owned Cooperative

question 28

Multiple Choice

Which of the following defines work-owned cooperative?

• A) Interested employees who become members of a cooperative that buys the business
• B) The transfer of ownership of a cooperative to family members, customers, employees, children, or friends
• C) A nonprofit association dedicated to educating cooperatives and helping their small businesses start, grow, and succeed nationwide
• D) A stock offering in which the owner or owners of equity of a cooperative have their holdings transferred into issues tradable in public markets
• E) The transference of leadership from one generation to the next to ensure continuity of family ownership of the cooperative

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Definitions:

Scenario Analysis

A process of analyzing possible future events by considering alternative possible outcomes (scenarios), thereby helping decision-makers to anticipate and manage change.

Strategic

Relating to the identification of long-term or overall aims and interests and the means of achieving them.

Strategy-making Modes

Different approaches through which organizations develop and implement strategies.

Farsightedness

The ability to anticipate and consider future consequences and trends in decision-making or planning, often associated with strategic thinking.