A business organisation owned by its members, who all have equal voting rights

• A. Partnership
• B. Co-operative
• C. Sole trader
• D. Corporation

Answer: (B)

A business owned by its members with equal voting rights reflects democratic control typical of a cooperative. In a cooperative, each member has one vote, regardless of how much capital they’ve invested, so everyone has an equal say in decisions. Members typically elect a board to run the business on their behalf, and profits are returned to members or reinvested based on use, not simply on shareholding. This contrasts with a sole trader, where a single owner holds all power and profits; there is no member voting structure. A partnership is owned by two or more people who share control and profits, but voting power is usually defined by the partnership agreement and not necessarily equal for each partner. A corporation is owned by shareholders who may hold different numbers of shares, so voting power tends to be proportional to shareholding, not equal for all.