JAMB Commerce 2023 Objective — Question 3

Question 3 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2023 Objective paper, with the correct answer and a full explanation.

In a cooperative society, the profit generated will be shared based on A.

A. capital contributed.
B. savings made during the period.
C. the wealth of members.
D. patronage of members.Correct

Explanation

The profit if not for profit making organization is shared on the basis of patronage. It is patronage that generates profit and as such must be shared to the people that patronize.

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