Question

One man, one vote is the principle of which type of business organisation

Answer 1

Answer:

cooperative society

Explanation:

The principle of ‘one man one vote’ governs

the cooperative society. Irrespective of

the amount of capital contribution by a member, each member is entitled to

equal voting rights.

Answer 2

Answer: One man, one vote is the principle of a cooperative society. A cooperative society can be defined as the association of people who unite with each other voluntarily to meet their economic needs, cultural needs, and social needs. Decision-making in such a society follows this main principle i.e. "One man, One vote".

Explanation:

1. A cooperative society can be formally used by individuals with many limited means.

2. The principle of "one man, one vote" discourages members of society to invest in large amounts.

3.  Each member of the society is entitled to get equal voting rights irrespective of the rate of capital contribution by them.