My Learning Cart
?
Categories
Account

Which form of business ownership is characterized by a group of individuals who

₹0.0
Login to Download
  • 📥 Instant PDF Download
  • ♾ Lifetime Access
  • 🛡 Secure & Original Content

What’s inside this PDF?

Question: Which form of business ownership is characterized by a group of individuals who voluntarily cooperate for mutual social, economic, and cultural benefit?

Options:

  1. Sole proprietorship
  2. Partnership
  3. Corporation
  4. Cooperative

Correct Answer: Cooperative

Solution: 

A cooperative is formed by individuals who work together for mutual benefit.

Which form of business ownership is characterized by a group of individuals who

Practice Questions

Q1
Which form of business ownership is characterized by a group of individuals who voluntarily cooperate for mutual social, economic, and cultural benefit?
  1. Sole proprietorship
  2. Partnership
  3. Corporation
  4. Cooperative

Questions & Step-by-Step Solutions

Which form of business ownership is characterized by a group of individuals who voluntarily cooperate for mutual social, economic, and cultural benefit?
  • Step 1: Understand the question. It asks about a type of business ownership.
  • Step 2: Identify the key terms in the question: 'group of individuals', 'voluntarily cooperate', and 'mutual benefit'.
  • Step 3: Think about what type of organization fits these terms. A cooperative is a group where people work together.
  • Step 4: Confirm that a cooperative is formed by individuals who join together for social, economic, and cultural benefits.
  • Step 5: Conclude that the answer to the question is 'cooperative'.
No concepts available.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely
Home Practice Performance eBooks