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In which of the following are members entitled to one vote, irrespective of the number...

Commerce
WAEC 2010

In which of the following are members entitled to one vote, irrespective of the number of shares held?

  • A. Public corporation
  • B. Partnership
  • C. Limited company
  • D. Co-operative society
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Correct Answer: Option D
Explanation

Equal Voting Rights;  A cooperative society is based on the principle of “one man one vote”. A member has only one vote irrespective of the number of shares hld or capital contribution.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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