Photo AI
Outline two differences between a co-operative and a limited company - Leaving Cert Business - Question A - 2007
Question A
Outline two differences between a co-operative and a limited company. Co-operative: - Democratically run – one person – one vote. - Run by an elected management com... show full transcript
Worked Solution & Example Answer:Outline two differences between a co-operative and a limited company - Leaving Cert Business - Question A - 2007
Step 1
Outline two differences between a co-operative and a limited company.
Answer
-
Decision-Making Structure:
- In a co-operative, decision-making is democratic, meaning each member has one vote regardless of their investment. This contrasts with a limited company, where voting power is typically proportional to share ownership.
-
Management:
- A co-operative is managed by an elected committee representing the members, while a limited company is overseen by a Board of Directors, which may not necessarily represent the shareholders directly.