Questions and Answers
It shall mean the full membership of the cooperative duly assembled for the purpose of exercising all the rights and performing all the obligations pertaining to cooperatives.
Which of the following is not a purpose of a cooperative?
What is the liability of a cooperative registered under the Philippine Cooperative Code?
What membership seminar shall a prospective member of a primary cooperative complete before organizing a cooperative?
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It is one which engages in the supply of production inputs to members and markets their product.
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What cooperative principle states that members contribute equitably to, and democracy control the capital of their cooperatives?
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It is a cooperative principle, which states that if cooperatives enter into agreements with other organizations, including government, or raise capital from external sources, they shall do so on terms that ensure:
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A person, either natural or judicial, who adheres to the principles set forth in the Philippine Cooperative Code and in the Articles of Cooperative, has been admitted by the cooperative member.
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It means the full membership of the cooperative duly assembled for the purpose of exercising all the rights and performing all the obligations pertaining to cooperatives.
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It means that body entrusted with the management of the affairs of the cooperative under its article of cooperation and by-laws.
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It refers to the government agency in charge of the registration and regulation of cooperatives.
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It means that body of cooperative principles adhered to worldwide.
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Is one who has complied with all the membership and entitled to all the rights and privileges of membership.
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In a primary cooperative, each member shall have ____ voting right.
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A quorum shall consist of at least ____ of all members entitled to vote.
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A cooperative where the primary purpose of which is to procure and distribute commodities to members and non-members.
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What is the title of Republic Act No. 9520?
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It is an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations by making equitable contributions to the capital required, patronizing their products and services and accepting a fair share of the risks and benefits of the undertaking in accordance with universally accepted cooperative principles.
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Which of the following is not a cooperative principle?
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Which of the following is not a cooperative principle?
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What does a cooperative audit assess?
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Study Notes
Cooperative Membership and Structure
- Full membership in a cooperative is referred to as the General Assembly, where members exercise their rights and obligations.
- A Member of a cooperative is a natural or judicial person who adheres to the principles of the cooperative code.
- Regular members have complied with all membership requirements, gaining rights and privileges.
- In a primary cooperative, each member holds one voting right.
- A quorum typically requires at least 50% of voting members present.
Cooperative Purposes and Principles
- Cooperatives aim to encourage systematic production, develop member expertise, and provide social and economic benefits.
- A cooperative does not serve as a means to insure against members' losses.
- The principle of Members' Economic Participation mandates equitable contributions by members and democracy in capital control.
- Autonomy and Independence ensures cooperatives maintain control over external agreements and capital.
Types of Cooperatives
- Producers Cooperatives focus on supplying production inputs and marketing products for their members.
- Consumers Cooperatives are aimed at procuring and distributing commodities to both members and non-members.
- Marketing Cooperatives assist in the marketing of goods produced by their members.
Governance and Regulations
- The body managing cooperative affairs is known as the Board of Directors.
- The Cooperative Development Authority (CDA) regulates cooperative registration and operations in the Philippines.
- The title of Republic Act No. 9520 is the Philippine Cooperative Code of 2008.
Cooperative Principles
- Key cooperative principles include Democratic Member Control, Concern for Community, and Education, Training, and Information.
- The principle opposing cooperation is Involuntary and Close Membership, highlighting the importance of voluntary participation.
- Assessment audits evaluate a cooperative’s social impact against its mission and ethical guidelines.
Essential Definitions
- Service Cooperatives differ from others by focusing on delivering specific services to members.
- Democratic Member Control asserts the involvement of all members in cooperative governance.
- Cooperatives are fundamentally voluntary associations aimed at achieving mutual social, economic, and cultural benefits.
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Test your understanding of cooperative principles and membership definitions with this engaging quiz. Explore important concepts related to the roles and responsibilities of cooperatives. Ideal for students studying cooperative organizations.
