1.

How can a co-operative society become a victim of inefficient management?

Answer»

Lack of efficient management:

  • The directors of co-operative societies work on an honorary basis i.e. without taking any fees or salary. Hence, at times they may not take personal and deep interest in the management and administration.
  • Since the directors work honorary the society may hot get an efficient person / having specialized knowledge, business experience and time.


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