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Justify the following statement. Co-operative society follows democratic principles. - Organisation of Commerce and Management

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प्रश्न

Justify the following statement.

Co-operative society follows democratic principles.

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उत्तर

  1. The members of a Co-operative organisation form the general body which manages the co-operatives. This body exercises power through annual general meetings. They elect their representatives who look after the day to day management which is collectively known as Managing Committee.
  2. ‘One member One vote’ is the principle followed by Co-operative Societies.
  3. All these denote that it follows democratic principles.
  4. Thus, Co-operative society follows democratic principles.
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अध्याय 4: Forms of Business Organisation - I - EXERCISE [पृष्ठ ९४]

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बालभारती Organisation of Commerce and Management (OCM) [English] Standard 11 Maharashtra State Board
अध्याय 4 Forms of Business Organisation - I
EXERCISE | Q 6. 7) | पृष्ठ ९४
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