Which of the following is characteristics of a co-operative?
a.One man one vote b.Profits are not subject to Income tax
c.Dividends are paid on per share basis
Answers
Answer:
1) they are open and voluntary associations; 2) they have a democratic structure, with each member having one vote; and 3) they have an equitable and fair distribution of economic results based on the volume of operations made through them .
a. One Man One Vote" protest at the Democratic National Convention in Atlantic City, New Jersey, 1964, before passage of the Voting Rights Act and when delegates of the Mississippi Freedom Democratic Party attempted to be seated.
b. the IRS: Inheritances, gifts and bequests. Cash rebates on items you purchase from a retailer, manufacturer or dealer. Alimony payments (for divorce decrees finalized after 2018)
c. Dividend per share (DPS) is the sum of declared dividends issued by a company for every ordinary share outstanding. The figure is calculated by dividing the total dividends paid out by a business, including interim dividends, over a period of time, usually a year, by the number of outstanding ordinary shares issued.
Answer:
The correct option is a. One man one vote.
Explanation:
A cooperative society is one where everyone works in collaboration and all the people benefit.
The co-operative society functions on the basis of the principle of democracy which says one thing that is ""one man , one vote"".
Every single person or individual in a co-operative business or society gets the opportunity of voting only one time irrespective of the capital or shares contributed by them in a company.
Which means if an individual member contributes 5 shares in a company, it doesn't mean that they can have 5 votes. Under co-operative society there is one man one vote that every individual has a right to vote and one man can only give vote.
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