NECO Commerce 2025 Objective — Question 18
Question 18 of 50 from the National Examinations Council (NECO) Commerce 2025 Objective paper, with the correct answer and a full explanation.
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An attribute of a cooperative society that makes it democratic is
- A. possession of common interest by members
- B. patronage as criteria for profit sharing
- C. high value placed on members' welfare
- D. entitlement to one vote by each memberCorrect
Explanation
Democratic governance in a cooperative society means each member gets one vote regardless of their shareholding, the 'one member, one vote' principle.
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