A cooperative is a type of business that is owned by ________ who use its products or services.
A)members
B)shareholders
C)directors
D)partners

Question

Quizplus · Accepted Answer

Cooperatives are owned and democratically controlled by their members, who use the cooperative's services or products. Members can be individuals or organizations, and each member has equal voting rights, regardless of their level of investment in the cooperative. Shareholders, directors, and partners are all terms used in other types of business structures, but they do not accurately describe the ownership and governance structure of a cooperative.

A Cooperative Is a Type of Business That Is Owned