MP Board · Class 11 · Business Studies · Forms of Business OrganisationsThe principle of 'One Man, One Vote' is practiced in:
Step-by-Step Solution
In cooperative societies, every member has one vote irrespective of the amount of capital contributed by them, following the principle of democratic management.
Detailed Options Breakdown
Option : Partnership firm
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
Option 1: Joint Stock Company
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
Option 2: Cooperative Society (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Sole Proprietorship
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Forms of Business Organisations.
💡 Study Guide: This question tests core syllabus concepts from Forms of Business Organisations. For formulas, key summaries, and mock exam reference guides, read the full Forms of Business Organisations Revision Notes.