The Cooperative Quiz

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Questions and Answers

What is the definition of a cooperative?

An autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise.

How are cooperatives controlled?

Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors.

What are the different types of cooperatives mentioned in the text?

The different types of cooperatives mentioned in the text are consumer cooperatives, producer cooperatives, worker cooperatives, purchasing cooperatives, and multi-stakeholder or hybrid cooperatives.

What is an example of a multi-stakeholder cooperative mentioned in the text?

<p>An example of a multi-stakeholder cooperative mentioned in the text is care cooperatives where ownership is shared between both care-givers and receivers.</p> Signup and view all the answers

What is the purpose of cooperatives?

<p>The purpose of cooperatives is to meet the common economic, social and cultural needs and aspirations of its members through a jointly owned and democratically-controlled enterprise.</p> Signup and view all the answers

Flashcards

Cooperative Definition

A group of people voluntarily joining to meet their shared economic, social, and cultural needs through a democratically controlled business they own together.

Cooperative Control

Members of a cooperative democratically control its operations by electing a board of directors, with each member having one vote.

Types of Cooperatives

Different types of cooperatives cater to specific needs, including consumer, producer, worker, purchasing, and multi-stakeholder.

Multi-Stakeholder Cooperative

A cooperative where ownership and decision-making are shared between multiple groups, like care-givers and receivers.

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Cooperative Purpose

To meet the common economic, social, and cultural needs of its members, through joint ownership and democratic control.

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Study Notes

Definition and Purpose of Cooperatives

A cooperative is a member-owned business organization that operates for the benefit of its members, focusing on mutual aid and collective decision-making.