Home › Bihar Board Class 12 (Commerce) › Business Studies › Forms of Business Organisation › Why is it hard to maintain secrecy in a cooperat…
Why is it hard to maintain secrecy in a cooperative society?
AMeetings and disclosure rules
BCapital is too small
CMembers hold no shares
DKarta controls everything
Answer & Solution
Correct answer: A. Meetings and disclosure rules
Open discussions in members' meetings and disclosure duties under the Societies Act reduce secrecy.
Related questions
Ease of transferring ownership is greatest in which form, leaving out private companies?From an investor's viewpoint, which form is more suitable as its risk is limited?For a business needing a permanent structure, which form is more suitable?Which form of business is least expensive to set up?Why does a private company not need to issue a prospectus?Which words must a private company use after its name?What is the minimum number of members needed to form a public company?Free transfer of shares does not apply to which type of company?