Question

which of the following is a business that is not owned by investors but rather is governed by members who use or benefit from the products or services provided by the organization?

a. a cooperative
b. liability
c. a conglomeration
d. unlimited liability
e. an acquisition

Explanation:

To solve this, we analyze each option:

• Option A: A cooperative is an organization owned and governed by its members who use its products or services. This matches the description.
• Option B: Liability refers to legal obligations, not a business structure. Eliminate.
• Option C: A conglomeration is a company owning multiple businesses, owned by investors. Eliminate.
• Option D: Unlimited liability is a legal concept about financial responsibility, not a business type. Eliminate.
• Option E: An acquisition is when one company buys another, not a business owned by members. Eliminate.

Answer:

A. A cooperative