JAMB Economics 2020 Objective — Question 41

Question 41 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.

A distinguishing characteristic of consumer co-operative society is that, the

A. maximum number of shareholders is 20
B. members are the ownersCorrect
C. workers are the directors
D. minimum number of shareholders is 5

Explanation

In a consumer cooperative society, the members themselves are the owners of the organization.

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