Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'cooperative society'?

A. organization owned by and operated for the benefit of those using its services
B. party engaged in the purchase and sales of goods produced by others for profit
C. functional entity defined in terms of the nature of the commercial activity it conducts
D. organization that assumes the day-to-day administration and management of a family's affairs

Answer: organization owned by and operated for the benefit of those using its services