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State with Reasons Whether the Following Statement True Or False. Co-operative Society Differs from Other Forms of Commercial Organizations. - Organisation of Commerce and Management

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Question

State with reasons whether the following statement true or false.

Co-operative society differs from other forms of commercial organizations.

Options

  • True

  • False 

MCQ
True or False

Solution

Co-operative society differs from other forms of commercial organizations : True
Explanation: The main purpose of other forms of commercial organisations is to maximise profit. On the other hand, the main purpose of a co-operative organisation is to provide services to its members. Thus, it differs from other forms of commercial organisations.

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Chapter 1: Forms of Business Organisations - True or false [Page 39]

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RELATED QUESTIONS

Match the correct pairs:

                        Group ‘A’                           Group ‘B’
 (a) Co - operative Society  (1) The father of Modern Management
 (b) ‘e’ Business  (2) President of national commission
 (c) District Judge  (3) Not directly related to human beings.
 (d) F.W. Taylor  (4) Outsourcing
 (e) Staffing  (5) One share one vote
       (6) President of District forum
 (7) Father of Scientific Management
 (8)Electronic Business
(9) Right people to right jobs.
 (10) One member one vote.

Merits and Demerits of Co-operative Society?


Write short notes on the following:

Features of a co-operative societies


Distinguish between the following 
(1) Co-operative society and Joint stock company.


State with reasons whether the following statements are True or False

Co-operative soc iety differs from.other forms of commercial orge1nisations.


Write short answer of the following.
State the features of co-operative society


Co-operative society and Joint stock company.


(1) Minimum ................ members are required for the formation of a co-operative society.


Select the proper option from the options given below and rewrite the completed sentence.
The minimum of members allowed in a co-operative society is ________.


Select the proper option from the options given below and rewrite the completed sentence.
In a co-operative society the principle followed is ________.


Select the proper option from the options given below and rewrite the completed sentence.
The Maharashtra State co-operative societies Act was came in force in ________.


Write short note on the following.
Merits of Co-operative society.


State with reasons whether the following statement true or false.

The membership of a co-operative society is voluntary.


Write short answer of the following.
State the merits of co-operative societies.


Distinguish between: Co-operative Society and Joint Stock Company


State Whether the Following Statement Are True Or False (Give Reason)

Profit maximization is the motto or object of Co-operative Organisations.


Describe briefly different types of cooperative societies.


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