In a Co-Operative, It Is Possible for Some Members to Exert

question 47

True/False

In a co-operative, it is possible for some members to exert greater control over the direction of the business by making a greater financial investment than other members.

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Definitions:

Abatement

A reduction or decrease, often referred to in the context of taxes, rent, or legal penalties.

Bequests

Bequests are gifts of money or personal property left to a beneficiary through a will or estate plan.

Adequate

Sufficient to satisfy a requirement or meet a need.

Executor

A legal term referring to an individual appointed to carry out the terms of a will.