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The traditional way of paying cooperative dividend is to distribute profit in proportional to members'?

Commerce
JAMB 2007

The traditional way of paying cooperative dividend is to distribute profit in proportional to members'?

  • A. subscriptions
  • B. total savings
  • C. volume of purchase
  • D. contributions
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Correct Answer: Option C
Explanation

Dividends are paid in proportion to the number of securities that an investor holds in a particular company. For instance, an investor with 1,000,000 worth of securities will most definitely get paid more dividends than someone with 800,000 worth of investments.

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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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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent