Question

the basic Principle of cooperation 'Each for all and all for each' is followed by one of these business organizations. Which of that?
a. Sole Proprietorship
b. Cooperative Societies
c. Partnership
d. Company​

Answer 1

Answer:

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Explanation:

B is your answer

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Answer 2

Answer:

Co-operative Societies are made on the principle of "Each for all and all for each". Hence, option B is the correct option among the other options.

Explanation:

• A Sole-Proprietorship is based on a "one-man show". Such businesses have a single owner. There may be employees to help the owner out but that's it.
• A partnership is a business owned by two or more people. They are partners but have a similar motive "profit".
• Company is a separate legal entity and is a profit-based business.

Only, a co-operative society is installed to help out the members and beyond with a motto "each for all and all for each".