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How did the dividend on purchases (patronage dividend) strengthen cooperative loyalty and finances?

AIt provided a fixed interest rate on member deposits, regardless of co-op performance.

BIt distributed profits based on the number of shares owned, not patronage.

CIt returned surplus based on members’ trade with the co-op

DIt was a one-time bonus unrelated to the volume of business conducted by members.

Answer:

C. It returned surplus based on members’ trade with the co-op

Read Explanation:

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Consider the following statements related to ethical dimensions and find the false statement

  1. Rules and standards of a society that regulate the thoughts, action and behaviour of the people.
  2. A cooperative is said to be ethical if It prevent any fraud or malpractice within the co-operative.
  3. People will work there in for delivering profit without any service orientation
  4. Work by keeping the co-operative values and work sincerely to attain the objective or rendering service to the members by keeping the principles and practice of Cooperation.
    National Co-operative Development Corporation (NCDC) was setup in ...