In a cooperative society the principle followed is

Asked by admin @ 24/08/2021 in Business Studies viewed by 356 People

(a) One share one vote
(b) One man one vote
(c) No vote
(d) Multiple votes

Answered by admin @ 24/08/2021

Answer:

In a cooperative society the principle followed is One man one vote.

Among the given options option (b) ONE MAN ONE VOTE is the correct answer.

Explanation:

Democracy is the basis of a cooperative society.No exploitation of man by man is the principle of this organisation. Every member exercises and equal right in its affair. Every member is able to have a voice in its management. It aims at providing economic needs of its members. It may earn profits for rendering service to non members.

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