A cooperative is simply another name for a corporation.

Name: A cooperative is simply another name for a corporation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A cooperative and a corporation are two different legal entities. A cooperative is owned and controlled by its members, who share in the profits and decision-making. A corporation, on the other hand, is owned by shareholders who may or may not be involved in the management of the company.

A Cooperative Is Simply Another Name for a Corporation