JAMB - Commerce (2023 - No. 54)
The business unit that applies the principle of one man vote is
public company
partnership
co-operative society
sole properitorship
Paliwanag
Cooperatives are about people having a shared sense of purpose and aligned self-interests. One-member, one-vote works great in this context because it distributes decision-making and is designed to reflect the interests of a majority of owners. For example, suppose a cooperatives proposes to purchase one of its competitors and expand the business.