Podcast
Questions and Answers
What is one of the advantages of cooperatives mentioned in the text?
What is one of the advantages of cooperatives mentioned in the text?
- High membership fees
- Limited liability (correct)
- Lack of government support
- Inefficient management
Why is the membership fee in cooperatives kept low?
Why is the membership fee in cooperatives kept low?
- To offer high salaries to management
- To make a profit
- To discourage government support
- To encourage anyone to join (correct)
What aspect of cooperatives distinguishes them from their members?
What aspect of cooperatives distinguishes them from their members?
- Lack of government subsidies
- High taxes
- Corruption
- Separate legal entity (correct)
What type of liability do members have in a cooperative business?
What type of liability do members have in a cooperative business?
What kind of support does the government provide to cooperatives?
What kind of support does the government provide to cooperatives?
What is one of the disadvantages of cooperatives mentioned in the text?
What is one of the disadvantages of cooperatives mentioned in the text?
Which of the following is an advantage of cooperatives?
Which of the following is an advantage of cooperatives?
What is the process of forming a cooperative?
What is the process of forming a cooperative?
Which of the following statements is true about cooperatives?
Which of the following statements is true about cooperatives?
What is the principle of limited liability in cooperatives?
What is the principle of limited liability in cooperatives?
How do governments support cooperatives?
How do governments support cooperatives?
Which statement best describes cooperatives?
Which statement best describes cooperatives?
What does business ethics refer to in the context of the business world?
What does business ethics refer to in the context of the business world?
What is the main focus of social responsibility in business?
What is the main focus of social responsibility in business?
Which type of businesses aim to operate in a morally responsible manner?
Which type of businesses aim to operate in a morally responsible manner?
What does limited liability refer to in business organizations?
What does limited liability refer to in business organizations?
How do socially responsible businesses differ from profit-focused ones?
How do socially responsible businesses differ from profit-focused ones?
What role do strong business ethics play in organizations?
What role do strong business ethics play in organizations?
