JAMB Economics 2014 Objective — Question 43
Question 43 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2014 Objective paper, with the correct answer and a full explanation.
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The voting power in co-operative societies is vested on
- A. members with the highest contributionCorrect
- B. the management
- C. members without loan
- D. the shareholders
Explanation
In a cooperative society, each member of the association has a vote irrespective of his or her contribution to the association; voting is not tied to the amount contributed or loans collected.
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