Task: Class Definition Understanding (ontology: Legal/LKIF_Core_Ontology)

Which of the following definitions best describes 'Co-operative'?

A. A the concept is a type of (representative) deliberative assembly with the power to adopt laws.
B. An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
C. A kind of (philanthropic) organization, set up as a legal entity either by individuals or institutions, with the purpose of distributing grants to support causes in line with the goals of the the concept
D. A the concept is a human being perceptible through the senses and subject to physical laws, as opposed to an artificial person, i.e., an organization that the law treats for some purposes as if it were a person distinct from its members or owner.

Answer: An autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.