Elaine and several friends want to start a business.Each member of the group wants to actively participate in managing the business and share in any profits.Which of the following forms of business ownership would best satisfy the goals of Elaine and her friends?
A)not-for-profit
B)limited partnership
C)corporation
D)cooperative

Question

Quizplus · Accepted Answer

A cooperative is a business organization owned and operated by a group of individuals for their mutual benefit, allowing all members to actively participate in management and share profits.

Elaine and Several Friends Want to Start a Business