In a co-operative,members/customers:
A)each have unlimited liability for the debts of the firm.
B)take turns serving on the board that manages the company.
C)democratically control their businesses using the one member/one vote system.
D)are known as limited partners.

Question

Quizplus · Accepted Answer

Co-operatives are democratically controlled by their members/customers using the one member/one vote system. They are not personally liable for the debts of the firm and do not take turns serving on a board. Limited partners are a type of partner in a limited partnership, which is a different type of business structure.

In a Co-Operative,members/customers