JAMB Commerce 2007 Objective — Question 50

Question 50 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2007 Objective paper, with the correct answer and a full explanation.

The traditional way of paying cooperative dividend is to distribute profit in proportion to members'

A. total savings
B. contributions
C. subscriptions
D. volume of purchasesCorrect

Explanation

Cooperative society profit is traditionally distributed based on members' patronage (volume of purchases), since profit is generated through buying, giving buyers greater claim to it.

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