Question

What is the advantage of a cooperative?
a) income tax exemption
b) minimum government regulation
c) short life span
d) single ownership​

Answer 1

Answer:

b) minimum government regulation

Answer 2

b) Minimum government regulation is an advantage of a cooperative.

• A cooperative is a kind of business organization in which a group of people comes together to pool resources and funds.
• No cooperative is exempted from federal income tax.
• Cooperatives work on democratic principles. This protects the organization from single or private ownership.
• Open Membership, limited liability, and service motive are a few advantages that help cooperatives in long run.