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  • Economic Decisions and Systems Online Test
  • Owned by members, serves their needs and is managed in th...
Multiple choice

Owned by members, serves their needs and is managed in their interest

  1. Corporation

  2. Cooperation

  3. Cooperative

  4. Cooperative management

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A cooperative is a business organization owned and operated by the people who use its services, with the goal of serving their collective needs.

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