NABTEB Book Keeping 2015 Objective — Question 10

Question 10 of 40 from the National Business and Technical Examinations Board (NABTEB) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.

An advantage of cooperative society is that

A. decision making is quicker
B. profit is exempted from taxCorrect
C. it is highly regulated
D. it can issue shares to the public

Explanation

Cooperative societies often enjoy tax exemptions on their profits/surplus, which is an advantage of this form of business organisation.

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