Question

While corporations are owned by their stockholders, cooperatives are:_________

a. owned and operated by the people who use them.
b. operated by corporate conglomerates.
c. owned in whole by their boards of directors.
d. owned by sole proprietors.

Answer 1

a. owned and operated by the people who use them.

Step-by-step explanation:

While corporations are owned by their stockholders, cooperatives are owned and operated by the people who use them. As mentioned above a cooperative in business refers to an association of various individuals who voluntarily unite in order to promote different mutual, social, cultural, and economic benefits. Unlike a corporation that is an official legal entity and is completely separate from those that own it.