Podcast
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.
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.
- General Assembly
- Representative
- Committee
- Member (correct)
Which of the following is not a purpose of a cooperative?
Which of the following is not a purpose of a cooperative?
- To encourage among members systematic production and marketing.
- To develop expertise and skills among its members.
- To provide optimum social and economic benefits to its member.
- To insure against losses of the members. (correct)
What is the liability of a cooperative registered under the Philippine Cooperative Code?
What is the liability of a cooperative registered under the Philippine Cooperative Code?
- Separate and Distinct
- General
- Limited (correct)
- Unlimited
What membership seminar shall a prospective member of a primary cooperative complete before organizing a cooperative?
What membership seminar shall a prospective member of a primary cooperative complete before organizing a cooperative?
It is one which engages in the supply of production inputs to members and markets their product.
It is one which engages in the supply of production inputs to members and markets their product.
What cooperative principle states that members contribute equitably to, and democracy control the capital of their cooperatives?
What cooperative principle states that members contribute equitably to, and democracy control the capital of their cooperatives?
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:
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:
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.
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.
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.
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.
It means that body entrusted with the management of the affairs of the cooperative under its article of cooperation and by-laws.
It means that body entrusted with the management of the affairs of the cooperative under its article of cooperation and by-laws.
It refers to the government agency in charge of the registration and regulation of cooperatives.
It refers to the government agency in charge of the registration and regulation of cooperatives.
It means that body of cooperative principles adhered to worldwide.
It means that body of cooperative principles adhered to worldwide.
Is one who has complied with all the membership and entitled to all the rights and privileges of membership.
Is one who has complied with all the membership and entitled to all the rights and privileges of membership.
In a primary cooperative, each member shall have ____ voting right.
In a primary cooperative, each member shall have ____ voting right.
A quorum shall consist of at least ____ of all members entitled to vote.
A quorum shall consist of at least ____ of all members entitled to vote.
A cooperative where the primary purpose of which is to procure and distribute commodities to members and non-members.
A cooperative where the primary purpose of which is to procure and distribute commodities to members and non-members.
What is the title of Republic Act No. 9520?
What is the title of Republic Act No. 9520?
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.
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.
Which of the following is not a cooperative principle?
Which of the following is not a cooperative principle?
Which of the following is not a cooperative principle?
Which of the following is not a cooperative principle?
What does a cooperative audit assess?
What does a cooperative audit assess?
Flashcards
General Assembly
General Assembly
The governing body of a cooperative where members exercise their rights and obligations.
Member
Member
A natural or legal person who adheres to the principles of cooperative code.
Regular member
Regular member
Members who have fulfilled all requirements, gaining rights and privileges.
One voting right per member
One voting right per member
Signup and view all the flashcards
Quorum
Quorum
Signup and view all the flashcards
Cooperative aims
Cooperative aims
Signup and view all the flashcards
Cooperative not an insurance provider
Cooperative not an insurance provider
Signup and view all the flashcards
Members' Economic Participation
Members' Economic Participation
Signup and view all the flashcards
Autonomy and Independence
Autonomy and Independence
Signup and view all the flashcards
Producers Cooperatives
Producers Cooperatives
Signup and view all the flashcards
Consumers Cooperatives
Consumers Cooperatives
Signup and view all the flashcards
Marketing Cooperatives
Marketing Cooperatives
Signup and view all the flashcards
Board of Directors
Board of Directors
Signup and view all the flashcards
Cooperative Development Authority (CDA)
Cooperative Development Authority (CDA)
Signup and view all the flashcards
Republic Act No. 9520
Republic Act No. 9520
Signup and view all the flashcards
Cooperative Principles
Cooperative Principles
Signup and view all the flashcards
Involuntary and Close Membership
Involuntary and Close Membership
Signup and view all the flashcards
Assessment audits
Assessment audits
Signup and view all the flashcards
Service Cooperatives
Service Cooperatives
Signup and view all the flashcards
Democratic Member Control
Democratic Member Control
Signup and view all the flashcards
Cooperatives
Cooperatives
Signup and view all the flashcards
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
