An association of businesses that are jointly owned and operated by members for mutual benefit is a:
A) condominium.
B) corporation.
C) cooperative.
D) joint tenancy.

Question

Quizplus · Accepted Answer

A cooperative is an association of businesses that are jointly owned and operated by members for mutual benefit. This means that the businesses work together for the common good and share in the profits of the cooperative. Condominiums and joint tenancies are forms of property ownership, while corporations are businesses that are typically owned by shareholders rather than members.

An Association of Businesses That Are Jointly Owned and Operated