A Distinguishing Feature of a Co-Operative Is That It

question 12

Multiple Choice

A distinguishing feature of a co-operative is that it:

• A)is owned and operated by the people who use it.
• B)is only intended to operate for a limited period of time.
• C)maintains a distinct separation between ownership and management.
• D)can have no more than 75 owners,all of whom must be citizens of Canada.

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Definitions:

Bearer Instruments

Financial documents that accord ownership or payment to the person physically holding the document.

Payable

Refers to an amount of money that is owed by a person or company and is required to be paid to another party.

Bearing Them

Taking responsibility for or dealing with something, often implying a burden or hardship that must be endured.

Transferable

Characteristic of an item, right, or obligation, that allows it to be passed from one party to another, often involving legal documentation.