Advertisements
Advertisements
प्रश्न
Discuss the characteristics of cooperative form of organisation.
Advertisements
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’.
APPEARS IN
संबंधित प्रश्न
Distinguish between the following:
Cooperative society and Partnership firm
State the Types of co-operative society
Merits and Demerits of Co-operative Society?
Write short notes on the following:
Features of a co-operative societies
Match the correct pairs:
| Group “A” | Group “B” | ||
| 1 | Co‐operative society | a | Manager |
| 2 | F.W. Taylor | b | 12 hours service |
| 3 | Directing function | c | One member one vote |
| 4 | A.T.M. | d | Government owned |
| 5 | Rail transport | e | Father of scientific management |
| f | 24 hour service | ||
| g | Owned by private companies | ||
| h | Father of modern management | ||
| i | Maximum business secrecy | ||
| j | Worker |
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.
State with reasons whether the following statements are True or False
Co-operative soc iety differs from.other forms of commercial orge1nisations.
Select the proper option from the options given below and rewrite the completed sentence.
The Co-operative societies act was passed in the year ____________
State Whether the Following Statement Are True Or False (Give Reason)
The main purpose of a cooperative organization is to earn profit.
Write a word or a phrase or a term which can substitute the following.
The business organization which has minimum ten members.
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
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.
