Which of the Following Is True About Worker Cooperatives

question 77

Multiple Choice

Which of the following is true about worker cooperatives?

• A) Worker cooperatives are more common in the United States than in Europe.
• B) Employees own the firm in worker cooperatives.
• C) Worker cooperatives typically yield low productivity.
• D) Technology-intensive production functions are highly popular in worker cooperatives.

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Definitions:

Control

The process of directing, monitoring, and adjusting resources and operations to achieve certain objectives.

Actual Performance

The real, observed results achieved by an organization or individual, contrasted with planned or expected performance.

Expand Activities

The process of increasing the scope, reach, or scale of a company's operations or projects.

Management Accounting

This entails the generation of reports and financial statements for management, containing up-to-date and accurate financial and statistical details essential for supervisors to make decisions on a daily and short-term basis.