Which of the following is not a feature of a cooperative society?

Voluntary membership

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Limited liability

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Unlimited liability

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Elected managing committee takes major decisions

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Solution

The correct option is C Unlimited liability
Members of the cooperative society have a limited liability i.e. their personal assets cannot be used to pay off the debts of society as it is a democratic form of business.

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Every manager has to take three major decisions while performing the role of finance manager. Explain.

There are major decisions which an organisation has to take in respect of financial management. they are as follow:

1. Investment decision

2. Financing decision

3. Dividend decision

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