Questions and Answers
What is the title of the act known as the Philippine Cooperative Code of 2008?
Philippine Cooperative Code of 2008
Which of the following is a declared policy of the State concerning cooperatives?
Cooperatives are required to accept members without any form of discrimination.
True
What is the primary control structure of cooperatives?
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Every cooperative shall conduct its affairs in accordance with Filipino culture, good values, and __________ principles.
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Which of the following is NOT one of the principles of cooperation as defined in the act?
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What principle emphasizes the need for cooperatives to work together?
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Members of a cooperative receive unlimited compensation on capital subscribed.
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What does the State provide to cooperatives to aid their development?
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What is the title of the act known as the Philippine Cooperative Code?
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The Philippine Cooperative Code aims to discourage the creation and growth of cooperatives.
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What aspect does the State prioritize in the context of cooperatives?
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What principle does the cooperative sector recognize under the Philippine Cooperative Code?
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Which of the following is NOT a principle of cooperation stated in the code?
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Members contribute equitably to the capital of their cooperatives, which is known as ______.
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What do cooperatives provide for their members to contribute effectively?
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Cooperatives are organizations that can discriminate based on gender, social class, or religion.
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What is the main goal of cooperatives as defined in the Philippine Cooperative Code?
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Study Notes
Philippine Cooperative Code of 2008
- Enacted on February 17, 2009, as Republic Act 9520.
- Amends the Cooperative Code of the Philippines (Republic Act No. 6938).
Declaration of Policy
- State policy encourages the creation and growth of cooperatives.
- Aims to promote self-reliance and harness people power for economic development and social justice.
- The government supports cooperatives through technical guidance, financial assistance, and services.
- Recognizes the principle of subsidiarity to empower the cooperative sector in promoting, organizing, and supporting cooperatives.
Definition and General Concepts
- A cooperative is an autonomous association of individuals with a common bond.
- Members voluntarily join to achieve social, economic, and cultural aspirations.
- Members contribute equitably to capital, patronize services, and share risks and benefits.
Cooperative Principles
- Voluntary and Open Membership: Open to all individuals willing to accept responsibilities, regardless of gender, social status, or beliefs.
- Democratic Member Control: Members actively participate in decision-making with equal voting rights in primary cooperatives.
- Member Economic Participation: Members control and contribute to cooperative capital, sharing surpluses for development, member benefits, and other approved activities.
- Autonomy and Independence: Cooperatives maintain autonomy even when partnering or sourcing capital externally.
- Education, Training, and Information: Ongoing education and training for members and managers to enhance cooperative effectiveness.
- Cooperation Among Cooperatives: Emphasizes collaboration among cooperatives to strengthen the movement at various levels.
- Concern for Community: Focus on sustainable community development through member-approved policies.
Key Terms
- Definitions for various terms within the cooperative context are provided to ensure clarity and mutual understanding among members and stakeholders.
Philippine Cooperative Code of 2008
- Enacted on February 17, 2009, as Republic Act 9520.
- Amends the Cooperative Code of the Philippines (Republic Act No. 6938).
Declaration of Policy
- State policy encourages the creation and growth of cooperatives.
- Aims to promote self-reliance and harness people power for economic development and social justice.
- The government supports cooperatives through technical guidance, financial assistance, and services.
- Recognizes the principle of subsidiarity to empower the cooperative sector in promoting, organizing, and supporting cooperatives.
Definition and General Concepts
- A cooperative is an autonomous association of individuals with a common bond.
- Members voluntarily join to achieve social, economic, and cultural aspirations.
- Members contribute equitably to capital, patronize services, and share risks and benefits.
Cooperative Principles
- Voluntary and Open Membership: Open to all individuals willing to accept responsibilities, regardless of gender, social status, or beliefs.
- Democratic Member Control: Members actively participate in decision-making with equal voting rights in primary cooperatives.
- Member Economic Participation: Members control and contribute to cooperative capital, sharing surpluses for development, member benefits, and other approved activities.
- Autonomy and Independence: Cooperatives maintain autonomy even when partnering or sourcing capital externally.
- Education, Training, and Information: Ongoing education and training for members and managers to enhance cooperative effectiveness.
- Cooperation Among Cooperatives: Emphasizes collaboration among cooperatives to strengthen the movement at various levels.
- Concern for Community: Focus on sustainable community development through member-approved policies.
Key Terms
- Definitions for various terms within the cooperative context are provided to ensure clarity and mutual understanding among members and stakeholders.
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Description
Test your knowledge on the Philippine Cooperative Code of 2008, including its declaration of policy, definitions, and general concepts. This quiz covers the principles that govern cooperatives and examines their role in economic development and social justice in the Philippines.
