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The business unit that applies the principle of one man vote is

Commerce
JAMB 2023

The business unit that applies the principle of one man vote is

  • A. public company
  • B. partnership
  • C. co-operative society
  • D. sole properitorship
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Correct Answer: Option C
Explanation

Cooperatives are about people having a shared sense of purpose and aligned self-interests. One-member, one-vote works great in this context because it distributes decision-making and is designed to reflect the interests of a majority of owners. For example, suppose a cooperatives proposes to purchase one of its competitors and expand the business.


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