My Learning Cart

What is a defining characteristic of a cooperative?

Practice Questions

Q1
What is a defining characteristic of a cooperative?
  1. Owned by shareholders
  2. Owned and operated for the benefit of members
  3. Limited liability for owners
  4. Managed by a board of directors

Questions & Step-by-Step Solutions

What is a defining characteristic of a cooperative?
  • Step 1: Understand what a cooperative is. A cooperative is a type of organization.
  • Step 2: Know who owns a cooperative. It is owned by the people who use it.
  • Step 3: Learn about the purpose of a cooperative. It operates to benefit its members.
  • Step 4: Recognize that members use the services provided by the cooperative.
No concepts available.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely