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Discuss the characteristics of cooperative form of organisation.

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प्रश्न

Discuss the characteristics of cooperative form of organisation.

संक्षेप में उत्तर
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उत्तर

The word ‘cooperative’ means an organisation in which the stakeholders work with one another. Thus, a cooperative society is a voluntary association of individuals who join together to protect or promote their common interests.

Features of Cooperative Societies

(a) Separate legal entity: The registration of a cooperative society is compulsory under the Cooperative Societies Act, 1912. Once the registration is complete, the cooperative society is granted the status of a separate legal entity. This implies that the cooperative society can hold properties in its own name and enter into contracts. Moreover, it can sue others and can be sued by others.

(b) Management and control: A cooperative society is a democratic form of organisation as it is managed and controlled by a managing committee which is elected by the members of the society on the principle of ‘one member, one vote’.

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अध्याय 2: Forms of Business Organisation - Long Answer Questions [पृष्ठ ५६]

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एनसीईआरटी Business Studies [English] Class 11
अध्याय 2 Forms of Business Organisation
Long Answer Questions | Q 4.1 | पृष्ठ ५६

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संबंधित प्रश्न

Distinguish between the following:

Cooperative society and Partnership firm


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


Co‐operative society and Joint Hindu family firm.


State with reasons, whether the following statement is True or False:

Maximisation of profit is the object of a co‐operative society.


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


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.


State with reasons whether the following statement true or false.

Maximization of profit is the main motto of co-operative society.


Write short answer of the following.
State the types of Co-operative societies.


Distinguish between: Co-operative Society and Joint Stock Company


Explain the Types of Co-operative Society?


Discuss the limitations of cooperative form of organisation.


Describe briefly different types of cooperative societies.


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