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Forms Of Business Organization
Question
Explain how a co-operative is a democratic institution.
Solution
- In a co-operative society, the principle of 'one man one vote' is adopted.
- A member has only one vote irrespective of the number of shares held by him.
- Thus, a co-operative society is run on democratic principles.
Some More Questions From Forms of Business Organization Chapter
What is the meaning of Partnership organization?
Can a Partnership firm have a minor partner ?
Define partnership deed.
What do you understand by co-operative society?
Define company.
What do you understand by a Private Company?
What do you understand by a Public Company?
Under what circumstances, is a partnership form of business organisation suitable ?
Write a short note on 'implied agency', one of the important characteristics of partnership and also true test of partnership.
Would you say that the sole proprietorship involves a lengthy and expensive procedure for its registration?
Sponsor Area
Mock Test Series
Mock Test Series