Farid is the owner of a small mushroom farm in Pennsylvania.He would like to join hands with other growers to create an organization that will promote and distribute mushrooms.The form of ownership that would be most suited for Farid and other growers will be a(n)_____.
A)joint venture
B)open corporation
C)government-owned collective
D)cooperative

Question

Quizplus · Accepted Answer

A cooperative would be the most suitable form of ownership for Farid and other growers as it allows them to pool their resources and collectively promote and distribute their mushrooms. It would also allow them to share in the profits and decision-making of the organization. Joint ventures are typically short-term partnerships between two or more businesses, and an open corporation is a publicly-traded company that is owned by shareholders. A government-owned collective would involve government ownership and control, which may not be desirable for Farid and other growers.

Farid Is the Owner of a Small Mushroom Farm in Pennsylvania.He