The basic principle of cooperative societies is to ________?

A. maintain the integrity of their members
B. protect the interest and pursue the welfare of members
C. ensure better working conditions for members
D. provide voluntary services to the members

Correct Answer:

Option B – protect the interest and pursue the welfare of members

Explanation

A cooperative society as a voluntary business organization in which a group of individuals with common interest pool their resources together to promote the economic welfare of the members in production, distribution, and consumption of goods and services.