Consider the following statement(s) I. A cooperative society is managed by a committee consisting of office-bearers elected by the members. II. Their office bearers may not be competent and experienced. III. A cooperative society cannot afford to employ expert professional managers at high salaries due to limited funds. Which of the statement(s) given above is/are correct

• A.  I and II            
• B.  II and III
• C.         I and III                       
• D.  All of these