The principle of one member, one vote is most closely associated with a:
Correct answer: A. Cooperative society
- A. Cooperative society
- B. Joint stock company
- C. Sole proprietorship
- D. Private partnership
Explanation
Cooperative societies generally follow democratic control, giving each member one vote regardless of the amount invested. In a company, voting power is commonly linked to share ownership.
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About Nature and Forms of Business Organisation
Business organisation combines people, capital, materials and entrepreneurship to produce goods or services and earn profit, while also meeting customer and social needs. Coverage includes sole proprietorships, partnerships, companies and cooperatives, with comparisons of ownership, liability, control, profit sharing, continuity and legal status.
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