Which of the Following People Would Be Most Interested in Participating

question 62

Multiple Choice

Which of the following people would be most interested in participating in a business organized as a cooperative?

• A) Joe is intrigued by the idea of combining his time and resources with many other people to operate a business providing a good or service that they all will use.
• B) Joan wants to be an owner of a business and share in its profits, but has no desire to take an active role in managing the company or participating in its daily operations.
• C) Jeff wants to work for a government-owned business because he believes government ownership ensures a more equitable distribution of income and wealth.
• D) Jennifer prefers to work for a charitable organization that emphasizes helping people who are less fortunate than she is.

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Definitions:

Certificate of Authority

An official document granting a company the right to do business in a jurisdiction beyond where it was originally incorporated.

Official Authorization

Formal approval granted by an authorized entity, often required for specific actions or operations.

Corporation

A legal entity (or a legal person) created by either a state or federal statute authorizing individuals to operate an enterprise.

Bylaws or Regulations

Rules or laws established by an organization or community to regulate its actions and enforce standards.