Twenty-six years ago, several small vineyard owners in California joined voluntarily to market their grapes and wine in an attempt to get better prices. Over the years they expanded the organization to include other services such as buying and selling farm supplies and equipment and providing financial and technical services. The arrangement established by these vineyard owners is an example of a(n):
A) closed corporation.
B) joint venture.
C) limited agricultural partnership.
D) farm cooperative.

Question

Quizplus · Accepted Answer

The arrangement described in the scenario is that of a farm cooperative.

Twenty-Six Years Ago, Several Small Vineyard Owners in California Joined