Get premium membership and access questions with answers, video lessons as well as revision papers.
1.Cooperative society is a voluntary association people who can together to protect and promote their common economic interest. whereas in partnership, is the relationship between persons who have agreed to share the profits of a business carried by them. in partnership firm persons having different abilities, skills, talents, and expertise join together to run a business.
2. In cooperative, the main objective is to provide services to the members while in partnership the main objective is to earn a profit.
3. In cooperative shares are transferred in favor of society. whereas in partnership, partners cannot transfer share in favor of others.
4. In partnership 2 partners and minimum of 20 partners can be there in partnership firm.whereas in cooperative, they need minimum of 10 members who are required and there is no limit on maximum number.
5.In cooperative society, members enjoys an independent legal status different form its members whereas, in partnership, firm does not enjoy an independent legal status.
Mabongajoel answered the question on August 4, 2018 at 13:43
- What are the advantages of small scale supermarkets?(Solved)
What are the advantages of small scale supermarkets?
Date posted: July 26, 2018. Answers (1)
- Name four benefits derived from division and specialization(Solved)
Name four benefits derived from division and specialization
Date posted: July 25, 2018. Answers (1)
- State four situations when the terms of trade for a country is favourable. (Solved)
State four situations when the terms of trade for a country is favourable.
Date posted: July 25, 2018. Answers (1)
- One benefit of growth and expansion is Economies of Scale. Explain what is meant by ‘‘Economies of Scale’’ and give one example how Economies of...(Solved)
One benefit of growth and expansion is Economies of Scale. Explain what is meant by ‘‘Economies of Scale’’ and give one example how Economies of Scale may occur
Date posted: July 23, 2018. Answers (1)
- Observation is the method of appraisal which is used in A Sporting Chance.
Describe this method and explain two of its advantages.(Solved)
Observation is the method of appraisal which is used in A Sporting Chance.
Describe this method and explain two of its advantages.
Date posted: July 23, 2018. Answers (1)
- State when the new Sales Manager must be given his/her Contract of Employment, and name four details which should be included in a Contract of...(Solved)
State when the new Sales Manager must be given his/her Contract of Employment, and name four details which should be included in a Contract of Employment.
Date posted: July 23, 2018. Answers (1)
- A Sporting Chance operates a system of both financial and non-financial motivation. Name, and describe one financial and one non-financial method of motivation which would...(Solved)
A Sporting Chance operates a system of both financial and non-financial motivation. Name, and describe one financial and one non-financial method of motivation which would be the most suitable for the new Sales Manager.
Date posted: July 23, 2018. Answers (1)
- Explain one advantage and one disadvantage for the employers of a Letter of Application.
(Solved)
Explain one advantage and one disadvantage for the employers of a Letter of Application.
Date posted: July 23, 2018. Answers (1)
- Explain one advantage and one disadvantage for internal recruitment(Solved)
Explain one advantage and one disadvantage for internal recruitment
Date posted: July 23, 2018. Answers (1)
- Explain the relationship between price and demand(Solved)
Explain the relationship between price and demand
Date posted: July 22, 2018. Answers (1)
- Analyse the impact of legislation in relation to products.(Solved)
Analyse the impact of legislation in relation to products.
Date posted: July 22, 2018. Answers (1)
- Discuss two responsibilities of the employer relating to Health and Safety(Solved)
Discuss two responsibilities of the employer relating to Health and Safety
Date posted: July 22, 2018. Answers (1)
- Explain two reasons why a business might want to gain a quality standard. (Solved)
Explain two reasons why a business might want to gain a quality standard.
Date posted: July 22, 2018. Answers (1)
- Define ‘‘quality assurance’’.
(Solved)
Define ‘‘quality assurance’’.
Date posted: July 22, 2018. Answers (1)
- Explain two advantages of franchising a business.(Solved)
Explain two advantages of franchising a business.
Date posted: July 22, 2018. Answers (1)
- Explain why a mission statement is helpful to a business. (Solved)
Explain why a mission statement is helpful to a business.
Date posted: July 22, 2018. Answers (1)
- Define the following terms:
(a) Unlimited liability
(b) Competitor pricing
(c) plc
(d) Public sector
(Solved)
Define the following terms:
(a) Unlimited liability
(b) Competitor pricing
(c) plc
(d) Public sector
Date posted: July 22, 2018. Answers (1)
- Explain two reasons why it is important for the Accountant in to know the Breakeven Point of the company.(Solved)
Explain two reasons why it is important for the Accountant in to know the Breakeven Point of the company.
Date posted: July 22, 2018. Answers (1)
- Identify and discuss three factors which could limit the growth of firm(Solved)
Identify and discuss three factors which could limit the growth of firm
Date posted: July 22, 2018. Answers (1)
- Describe two drawbacks of staff training.(Solved)
Describe two drawbacks of staff training.
Date posted: July 22, 2018. Answers (1)