Which of the following is true about worker cooperatives?

Question

Quizplus · Accepted Answer

Worker cooperatives are businesses that are owned and controlled by employees, meaning that they are a type of cooperative where workers themselves own and run the business. This is the defining feature of worker cooperatives. Option A is incorrect, as worker cooperatives are actually more common in Europe than in the United States. Option C is also incorrect, as many studies have found that worker cooperatives can yield significant productivity gains due to increased worker motivation and engagement. Finally, option D is incorrect, as while some worker cooperatives may use technology-intensive production methods, this is not a defining characteristic of the model.

Which of the Following Is True About Worker Cooperatives