Question

George Davidovic defined Co-operative Principles as:

• A. Government policies
• B. Financial rules for co-operatives
• C. Marketing strategies
• D. A set of rules governing the life and activity of an organization

Answer 1

Answer:

D. A set of rules governing the life and activity of an organization

According to George Davidovic, co-operative principles are the fundamental rules and guidelines that govern the operations, governance, and activities of a cooperative society. These principles ensure that cooperatives function in a democratic, member-oriented, and socially responsible manner. They are foundational and enduring, unlike policies or marketing strategies, which may change over time.