A distinguishing characteristic of consumer co-operative society is that the?

A. the maximum number of shareholders is 20
B. members are the owners
C. members are the workers
D. the minimum number of shareholders is 5

Correct Answer:

Option B – members are the owners

Explanation

Some Characteristics of consumers’ co-operative society:

1. A consumers’ co-operative society is a voluntary association of persons and is registered under the Co-operative Societies Act owned and run by members.
2. The membership of these stores is open to all adults.
3. There are a democratic control and management of the affairs of these societies.