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Question
State with reasons whether the following statement true or false.
Maximization of profit is the main motto of co-operative society.
Options
True
False
Solution
Maximization of profit is the main motto of co-operative society : False
Explanation: A co-operative society does not aim at profit maximisation but rather to provide services to its members. Earning profit takes a subsidiary role in a co-operative organisation.
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| Group “A” | Group “B” | ||
| 1 | Co‐operative society | a | Manager |
| 2 | F.W. Taylor | b | 12 hours service |
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| f | 24 hour service | ||
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| j | Worker |
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