A(n) is an organization owned and operated by designated members using its services. a) cooperative b) c corporation c) partnership d) s corporation e) limited liability company

The correct answer is A. Cooperative

Explanation:

In business, a cooperative refers to an organization created as the result of effort from multiple individuals; additionally, a cooperative differs from a partnership and similar organizations because the owners of it also act as customers or clients which means they benefit from the products or services offered by the cooperative. An example of this is credit unions in which members that act as owners, managers can obtain loans. Additionally, in cooperatives decisions are taken by members democratically and following previous agreements. Thus, a cooperative is an organization owned and operated by members using its services.

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