The correct answer is: C. Co-operative Societies.
A co-operative society is a business owned and run by its members for their mutual benefit. The principle of one-man-one-vote is adopted in co-operative
societies, which means that each member has one vote, regardless of how many shares they own. This ensures that all members have an equal say in the running of the business.A partnership is a business owned by two or more people. The partners share the profits and losses of the business, and each partner has an equal say in the running of the business. However, there is no requirement for partnerships to adopt the principle of one-man-one-vote.
A joint stock company is a business that is owned by shareholders. The shareholders own shares in the company, and the number of shares they own determines their voting rights. This means that a shareholder with more shares has more votes than a shareholder with fewer shares.
A sole proprietorship is a business that is owned and run by one person. The sole proprietor is the sole owner of the business, and they have full control over the business. The sole proprietor is also personally liable for the debts and obligations of the business.
In conclusion, the principle of one-man-one-vote is adopted by co-operative societies. This ensures that all members have an equal say in the running of the business.