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Co-operative organisation is based on the following principle - Statement I: Service to its members in place of profits. Statement II: Morality in place of unethical business practices. - Commercial Applications

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Question

Co-operative organisation is based on the following principle -

Statement I: Service to its members in place of profits.

Statement II: Morality in place of unethical business practices.

Options

  • The statement I is correct.

  • The statement II is correct.

  • Neither I nor II is correct.

  • Both I and II are correct.

MCQ
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Solution

Both I and II are correct.

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Chapter 5: Ownership Structures - Cooperative Society - EXERCISES [Page 62]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 5 Ownership Structures - Cooperative Society
EXERCISES | Q I. 2. | Page 62
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