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Question
Discuss the merits of cooperative form of organisation.
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Solution
Merits of Cooperative Societies
(a) Ease of formation: The formation of a cooperative society is quite easy as it requires the induction of only 10 adult members. The registration procedure of a society under the Cooperative Societies Act, 1912, is quite simple.
(b) Continued existence: A cooperative society is a stable form of organisation as it enjoys the status of a separate legal entity that is considered distinct from its members. As a result, the life of a cooperative society remains unaffected by the death, insolvency or insanity of its members.
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RELATED QUESTIONS
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| 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. |
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| (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. |
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| 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 |
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