Philippine Cooperative Code of 2008 Quiz

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Questions and Answers

What is the title of the act known as the Philippine Cooperative Code?

Philippine Cooperative Code of 2008

Which of the following is NOT a principle of cooperation according to the Philippine Cooperative Code?

Market Dominance (correct)

Voluntary and Open Membership

Democratic Member Control

Concern for Community

The State encourages the private sector to form cooperatives according to the Philippine Cooperative Code.

True

What does the principle of subsidiarity imply in the context of cooperatives?

The cooperative sector will initiate and regulate within its own ranks with government assistance where necessary. Signup and view all the answers

Match the following cooperative principles with their descriptions:

Voluntary and Open Membership = Cooperatives are open to all persons able to use their services. Democratic Member Control = Members participate in setting policies and making decisions. Member Economic Participation = Members contribute equitably and democratically control the capital. Education, Training and Information = Cooperatives provide education and training for their members. Signup and view all the answers

The principle of _______________ and Independence states that cooperatives must ensure democratic control and maintain their autonomy.

Autonomy Signup and view all the answers

What is the title of the act amending the Cooperative Code of the Philippines?

Philippine Cooperative Code of 2008 Signup and view all the answers

When was Republic Act No. 9520 enacted?

February 17, 2009 Signup and view all the answers

What is the declared policy of the State regarding cooperatives?

To foster the creation and growth of cooperatives Signup and view all the answers

Cooperatives in the Philippines can discriminate based on gender, race, and religion.

False Signup and view all the answers

Which of the following is NOT one of the cooperative principles outlined in the act?

Profit Maximization Signup and view all the answers

What principle ensures that cooperatives are self-help organizations controlled by their members?

Autonomy and Independence Signup and view all the answers

What role does education and training play in cooperatives?

It helps members contribute effectively and efficiently to the development of their cooperatives. Signup and view all the answers

How do cooperatives support their members according to the cooperative principles?

Through cooperation among cooperatives Signup and view all the answers

Study Notes

Republic Act No. 9520 - Philippine Cooperative Code of 2008

This act amends the Cooperative Code of the Philippines (Republic Act No. 6938).
It’s referred to as the “Philippine Cooperative Code of 2008”.
Primary purpose: To foster the creation and growth of cooperatives, as a practical vehicle for:
- Promoting self-reliance
- Harnessing people power
- Attaining economic development and social justice.
The State encourages the private sector to take the lead in forming and organizing cooperatives.
The government and its branches provide technical guidance, financial aid, and other services to ensure cooperatives' success.
The State recognizes the principle of subsidiarity:
- The cooperative sector initiates and regulates promotion, organization, training, research, and audit.
- Government assistance is provided when necessary.

General Concepts of Cooperatives

A cooperative is a voluntary and duly registered association of persons with a common bond of interest.
They join to meet social, economic, and cultural needs through:
- Equitable capital contributions
- Patronizing their products and services
- Accepting fair share of risks and benefits, adhering to cooperative principles.

Cooperative Principles

Cooperatives operate in accordance with Filipino culture, values, and experience, plus universal cooperative principles:
- Voluntary and Open Membership: Open to all, no discrimination based on gender, social, racial, cultural, political, or religious factors.
- Democratic Member Control: Controlled by members, active participation in policy-setting and decision-making. Equal voting rights (one-member, one-vote) in primary cooperatives.
- Member Economic Participation: Members contribute to and democratically control cooperative capital. Limited compensation or interest on capital, surplus allocated for development, member benefits, and other approved activities.
- Autonomy and Independence: Self-help organizations controlled by their members. Maintain autonomy even when entering agreements or raising external capital.
- Education, Training, and Information: Cooperatives provide training and education for members, representatives, managers, and employees to contribute effectively.
- Cooperation among Cooperatives: Cooperatives work together locally, nationally, regionally, and internationally to serve members and strengthen the movement.
- Concern for Community: Cooperatives work for the sustainable development of their communities.

Additional Information

The text continues to discuss the cooperative code, including provisions regarding cooperative organization, governance, and operations.
This summary focuses on key points about the purpose, general concepts, and principles outlined in the act.

Republic Act No. 9520: Philippine Cooperative Code of 2008

Amends the Cooperative Code of the Philippines (Republic Act No. 6938)
Purpose: To foster the creation and growth of cooperatives to promote self-reliance and economic development
State's Role: Encourage private sector involvement and create a favorable environment for cooperatives
Government's Role: Provide technical guidance, financial assistance, and other services to cooperatives
Principles:
- Subsidiarity: Cooperatives initiate and regulate their own promotion, organization, training, research, audit, and support services (with government aid if needed)
- Cooperative Definition: An autonomous, registered association of individuals with shared interests, voluntarily joining to meet social, economic, and cultural needs
- Cooperative Principles:
  - Voluntary and Open Membership: No discrimination based on gender, social status, race, culture, politics, or religion
  - Democratic Member Control: Members actively participate in setting policies and making decisions; one-member, one-vote in primary cooperatives
  - Member Economic Participation: Equitable contribution to capital, limited compensation or interest on capital, surplus allocation for development, member benefits, and approved activities
  - Autonomy and Independence: Cooperatives are self-governing, maintaining control even when entering agreements or raising external capital
  - Education, Training, and Information: Cooperatives provide training to members, representatives, managers, and employees for effective development
  - Cooperation Among Cooperatives: Cooperatives collaborate through local, national, regional, and international structures
  - Concern for Community: Cooperatives contribute to the development of their communities
- Implementation: All newly established cooperatives must adopt these principles within four years
- Existing Cooperatives: Must hold an assembly and amend their bylaws to reflect the new principles within three years
- Cooperative Development Authority (CDA): Responsible for monitoring and supervising compliance with the new code
Effective Date: February 17, 2009

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Description

Test your knowledge on the Philippine Cooperative Code of 2008, also known as Republic Act No. 9520. This quiz covers the key concepts, principles, and purpose of cooperatives as outlined in the act. Understand how cooperatives contribute to economic development and social justice in the Philippines.