Which of the following statements about cooperatives is the most accurate?
A) Cooperatives have the same liabilities as partnerships.
B) Cooperatives have a limited life span.
C) Cooperatives cannot legally compete with taxable entities.
D) Cooperatives increase their members' buying power.

Question

Quizplus · Accepted Answer

Cooperatives are formed by a group of people with common interests, who come together to achieve common goals. One of the benefits of being a member of a cooperative is the increased buying power that comes from purchasing goods and services collectively. This allows members to purchase goods and services at a lower price than they would be able to individually.

Which of the Following Statements About Cooperatives Is the Most