Name the organization that is managed by those who use its facilities ?
Correct answer: D. Cooperative
- A. Limited Company
- B. Society
- C. Corporation
- D. Cooperative
Explanation
A cooperative is owned and managed by the people who use its services, such as its members or customers. A limited company is managed by appointed directors rather than necessarily by facility users.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Microeconomics
Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
Practise Microeconomics
1,742 free Microeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Microeconomics questions
What is Dumping ?
Governmental non-interference in commerce is called ?
Term the central market for buying and selling all kind of securities ?
Who is called Father of Economics ?
What is called the situation in which a debtor remains unable to pay his creditors in full ?
Pick out the generic term for the securities industry firms that buy sell and underwrite securities ?