Question

According to ICA, ---- are the set of rules that governs the life and activity of an organization.

• A. organizational goals
• B. co-operative principles
• C. business strategies
• D. administrative policies

Answer 1

Answer:

B. co-operative principles

Evolution and Developments of co-operativeprinciples:

• Term 'principle' is derived from Latin word 'principium' which means basis. 

• The principle is a governing law of conduct and settled rule of action

• According to ICA co-operative principles means - Those practices which are essential and indispensable to the achievement of co-operative movement purpose.

• George Davidonic : co-operative principles are the guidelines by which co-operatives would put their value into practice

• ICA : co-operative principles are the set rules that governs the life and activity of an organization 

• The fundamental rules that determine the character of a co-operative organization

• According to DG Carvea : cooperative principles are - the way of organizing and conducting co-operative activities.