Podcast
Questions and Answers
What is the primary purpose of an Advocacy Cooperative?
What is the primary purpose of an Advocacy Cooperative?
- To promote and advocate cooperativism among its members and the public (correct)
- To facilitate financial transactions for its members
- To provide educational services through licensed institutions
- To produce and market dairy products
Which type of cooperative is primarily organized to serve farmers who are agrarian reform beneficiaries?
Which type of cooperative is primarily organized to serve farmers who are agrarian reform beneficiaries?
- Dairy Cooperative
- Agrarian Reform Cooperative (correct)
- Advocacy Cooperative
- Education Cooperative
What essential feature is required for the existence of formal cooperatives?
What essential feature is required for the existence of formal cooperatives?
- Formal records such as articles of incorporation and minutes of meetings (correct)
- Voluntary membership without limitations
- A shared physical space for operation
- Regular contributions from members
What distinguishes a Cooperative Bank from other types of cooperatives?
What distinguishes a Cooperative Bank from other types of cooperatives?
What limits the powers of ownership in a cooperative setup?
What limits the powers of ownership in a cooperative setup?
What defines a One Person Corporation (OPC)?
What defines a One Person Corporation (OPC)?
Which of the following is a consequence of a corporation having a separate personality?
Which of the following is a consequence of a corporation having a separate personality?
What is the corporate term of a corporation typically?
What is the corporate term of a corporation typically?
How is a corporation created?
How is a corporation created?
What requirement must an individual meet to be a corporator in a corporation?
What requirement must an individual meet to be a corporator in a corporation?
What term describes the legal distinction between a corporation and its stockholders?
What term describes the legal distinction between a corporation and its stockholders?
What must occur for a corporation whose term has expired to revive its existence?
What must occur for a corporation whose term has expired to revive its existence?
Which of the following is NOT an attribute of a corporation?
Which of the following is NOT an attribute of a corporation?
What does the adaptation approach in organizational change focus on?
What does the adaptation approach in organizational change focus on?
Which approach contends that moral acts promote the individual's best long-term interests?
Which approach contends that moral acts promote the individual's best long-term interests?
What is the primary focus of the favorability influence approach?
What is the primary focus of the favorability influence approach?
Which of the following is a key aspect of the moral-rights approach?
Which of the following is a key aspect of the moral-rights approach?
What does the ethical issue intensity refer to?
What does the ethical issue intensity refer to?
In which approach is moral decision-making based on equity and fairness focal?
In which approach is moral decision-making based on equity and fairness focal?
What is meant by 'independent action' in an organizational context?
What is meant by 'independent action' in an organizational context?
What does the corporate culture encompass?
What does the corporate culture encompass?
What is the primary purpose of an Electric Cooperative?
What is the primary purpose of an Electric Cooperative?
What document is necessary to effect a transfer of ownership in a corporation?
What document is necessary to effect a transfer of ownership in a corporation?
What is the corporate tax rate mentioned for corporations?
What is the corporate tax rate mentioned for corporations?
Under what condition does a dissolution of a partnership occur?
Under what condition does a dissolution of a partnership occur?
What is a characteristic of a Housing Cooperative?
What is a characteristic of a Housing Cooperative?
What must happen for a corporation to have perpetual existence?
What must happen for a corporation to have perpetual existence?
What is the main focus of a Financial Service Cooperative?
What is the main focus of a Financial Service Cooperative?
What must occur for the sale of corporate assets including goodwill?
What must occur for the sale of corporate assets including goodwill?
What is the primary focus of quality control?
What is the primary focus of quality control?
What is a core component of wage incentive systems?
What is a core component of wage incentive systems?
Which element is part of planning marketing programs?
Which element is part of planning marketing programs?
What role do professors typically adopt in the case method approach?
What role do professors typically adopt in the case method approach?
What assumption is made regarding students in a typical lecture format?
What assumption is made regarding students in a typical lecture format?
Which aspect is evaluated in the administration of a marketing program?
Which aspect is evaluated in the administration of a marketing program?
What is an expected outcome of effective participation in a lecture?
What is an expected outcome of effective participation in a lecture?
What signifies a successful quality control process?
What signifies a successful quality control process?
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Study Notes
Organization Improvement Concepts
- Locus of Control: Refers to the extent to which individuals believe they can control their own fate in organizational settings.
- Adaptation Approach: Organizations modify internal operations to align better with their external environments.
- Favorability Influence Approach: Organizations aim to change the external environment to support their operations.
- Domain Shift: Involves organizations selecting a new environment that better suits their objectives.
- Independent Action: Strategies used by organizations to alter aspects of the environment on their own.
- Cooperative Action: Joint strategies utilized by multiple organizations to exert influence over the environment.
Ethical Decision-Making Approaches
- Utilitarian Approach: A moral philosophy suggesting that actions are right if they produce the greatest good for the greatest number.
- Individualism Approach: Asserts that acts are moral if they promote individual long-term interests.
- Moral-Rights Approach: Posits that individuals possess fundamental rights that must not be violated, regardless of a situation.
- Justice Approach: Focuses on equity, fairness, and impartiality in moral decision-making.
Corporate Structure and Regulations
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Attributes of a Corporation:
- An artificial entity with a distinct legal personality.
- Created through legal processes with rights to succession and operations as defined by law.
- Corporators are individuals who compose the corporation, including shareholders and members.
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Consequences of Separate Personality:
- Corporations are liable for their own obligations, separate from those of stockholders.
- Corporations can initiate legal actions in their own name.
- Properties held by the corporation are not considered to be personal properties of the stockholders.
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Corporate Existence: Corporations generally maintain perpetual existence unless explicitly defined otherwise in their Articles of Incorporation or by overarching legislation.
Types of Cooperatives
- Advocacy Cooperative: Focuses on promoting cooperative values among members and the public.
- Agrarian Reform Cooperative: Formed primarily by agrarian reform beneficiaries, supporting marginal farmers.
- Electric Cooperative: Aims at power generation using renewable energy resources for local households.
- Health Services Cooperative: Provides health services for community welfare and member benefit.
- Housing Cooperative: Assists members in accessing housing through a collaborative savings program.
Corporate Operations and Governance
- Corporate Taxation: Corporations are taxed at a corporate rate of 30%.
- Dissolution of Partnerships: Occurs when a partner withdraws from the partnership.
- Transfer of Ownership: Requires formal documentation and compliance with regulations for shares to be legally transferred.
Academic Methods of Instruction
- Lecture Method: Assumes lecturers possess superior knowledge, with students primarily absorbing information.
- Case Method: Encourages active participation and application of learned concepts to real-world scenarios, promoting discussion and critical thinking.
- Success Measurement: In both lecture and case methods, success is evaluated based on participant engagement and information retention as assessed through examinations.
Quality Control and Wage Incentive Systems
- Quality Control: Ensures products meet established quality specifications through systematic processes.
- Wage Incentive Systems: Links bonuses and pay to performance metrics that drive productivity within organizations.
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