GACE Agriculture (709) Practice Questions - GACE Agricultural Education Assessment (Test Codes 209, 309, Combined 709) Exam

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A student is comparing forms of agribusiness ownership. Which characteristic is MOST distinctive of a cooperative compared with a corporation?

It is owned and democratically controlled by the members who use its services It issues publicly traded stock to maximize returns for outside investors It is owned by a single individual who keeps all profits It dissolves automatically when one partner withdraws

Correct Answer:

It is owned and democratically controlled by the members who use its services

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