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State with Reasons Whether the Following Statement True Or False. the Main Purpose of a Co-operative Organization is to Earn Profit. - Business Studies

MCQ
True or False

State with reasons whether the following statement true or false.

The main purpose of a co-operative organization is to earn profit.

Options

  • True 

  • False

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Solution

The main purpose of a co-operative organization is to earn profit : False
Explanation: The prime motive of a co-operative society is to render services and focus on the welfare of its members. Earning profit takes a subsidiary role in a co-operative organisation.

Concept: Choice of Form of Business Organization
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APPEARS IN

Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 1 Forms of Business Organisations
True or false | Q 8 | Page 39
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