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

Commerce
JAMB 2025

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

 

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

In a co-operative society, members are entitled to one vote, irrespective of the number of shares held. This is based on the
principle of 'one member, one vote' which is fundamental to the operation of co-operatives. In contrast, in public corporations,
partnerships, and limited companies, voting rights are usually determined by the number of shares a person holds.


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