In a Co-Operative,members/customers

question 128

Multiple Choice

In a co-operative,members/customers:

• A)each have unlimited liability for the debts of the firm.
• B)take turns serving on the board that manages the company.
• C)democratically control their businesses using the one member/one vote system.
• D)are known as limited partners.

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Definitions:

Managerial Positions

Jobs that involve overseeing and directing the functions and activities of employees, departments, or organizations.

Time-And-Motion Studies

The analysis of work processes to improve efficiency by reducing wasted motions and optimizing task performance.

Knowledge-Driven Economy

An economy where growth is primarily based on the production, distribution, and use of knowledge and information.

Personality-Related Position

A job role that is aligned with the personality traits of the individual, enhancing job satisfaction and performance.