Question

Which of the following is a business organization owned by a group of people for their mutual benefit?

a. a cooperative
c. a limited liability partnership
b. a labor union
d. a professional organization

Answer 1

a. a cooperative

Step-by-step explanation:

Companies can acquire various legal forms. Its main classification is the one that distinguishes between individual companies and commercial companies. Within this last group, the most important are collective societies, single or joint-stock companies, limited ones, corporations, labor and cooperatives

Cooperative societies fall within the group of societies of social interest, within mercantile societies, and their motto could very well be "the union is strength." Cooperatives are born because several people have common interests and decide to join their efforts and their capital to carry out a business activity that they could not do each separately.