The citizens of a number of small rural towns have decided to form an association that will allow them to purchase electricity at a much cheaper rate than they are currently paying.This alliance is referred to as a _____.
A) joint venture
B) syndicate
C) cooperative
D) private corporation
E) S-corporation

Question

Quizplus · Accepted Answer

A cooperative is a type of organization that is formed by individuals or businesses who voluntarily come together to meet their common economic, social, and cultural needs by creating a jointly-owned and democratically-controlled enterprise. In this case, the small rural towns are forming a cooperative to purchase electricity at a cheaper rate.

The Citizens of a Number of Small Rural Towns Have