KOOP-REVIEWER (1).pdf

1. 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. A. MEMBER B. REPRESENTATIVE C. COMMITTEE D. GENERAL ASSEMBLY 2. Which of the following is not a...

1. 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. A. MEMBER B. REPRESENTATIVE C. COMMITTEE D. GENERAL ASSEMBLY 2. Which of the following is not a purpose of a cooperative? A. TO ENCOURAGE AMONG MEMBERS SYSTEMATIC PRODUCTION AND MARKETING. B. TO DEVELOP EXPERTISE AND SKILLS AMPNG ITS MEMBERS. C. TO PROVIDE OPTIMUM SOCIAL AND ECONOMIC BENEFITS TO ITS MEMBER. D. TO INSURE AGAINST LOSSES OF THE MEMBERS. 3. What is the liability of cooperative registered under the Philippine cooperative code? A. LIMITED B. UNLIMITED C. SEPARATE AND DISTINCT D. GENERAL 4. What membership seminar shall a prospective member of primary cooperative complete before organizing a cooperative? PRIMARY MEMBER EDUCATION SEMINAR MEMBERSHIP EDUCATION SEMINAR ON THE PHILIPPINES PRE-MEMBERSHIP EDUCATION SEMINAR MEMBERSHIP SEMINAR IS NOT NEEDED TO ORGANIZE A COOPERATIVE 5. It is one which engages in the supply of production inputs to member and markets their product. SERVICE COOPERATIVE CONSUMERS COOPERATIVE MARKETING COOPERATIVE PRODUCERS COOPERATIVE 6. What cooperative principle states that members contribute equitably to, and democracy control the capital of their cooperatives? VOLUNTARY AND OPEN MEMBERSHIP AUTONOMY AND INDEPEDENCE DEMOCRATIVE MEMBER CONTROL MEMBER ECONOMIC PARTICIPATION 7. It is cooperative principle , which states that if cooperatives enter into agreement with other organization, including government , or raise capital from external sources, they shall do so on terms that ensure A. Autonomy and Independence B. Voluntary and Open Membership C. Democratic Member Control D. Members' Economic Participation 8.A person , either natural or judicial, who adhering to the principles set forth in the Philippine Cooperative Code and in the Articles of Cooperative , has been admitted by the cooperative member. A. MEMBER B. STOCKHOLDER C. SHAREHOLDER D. PARTNER 9. 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. A. SHAREHOLDER’S MEETING B. MEMBERS’ MEETING C. GENERAL ASSEMBLY D. PARTNERS’ ASSEMBLY 10. It means that body entrusted with the management of the affairs of the cooperative under its article of cooperation and by laws. A. BOARD OF TRUSTEES B. OFFICERS C. BOARD OF REGENTS D. BOARD OF DIRECTORS 11. It refers to the government agency in charge of the registration and regulation of cooperatives. A. Securities and Exchange Commission (SEC) B. Department of Trade and Industry (DTI) C. Civil Service Commission (CSC) D. Cooperative Development Authority (CDA) 12. It means that body of cooperative principles adhered to worldwide A. Universally Accepted principles B. International accounting principles C. Generally accepted principles D. Transnational principles 13. Is one who has complied with all the membership and entitled to all the right and privileges of membership. A. Regular member B. Irregular employee C. Principal member D. Associate member 14. In a primary cooperative, each member shall have ____ voting right. A. One B. Two C. Three D. Four 15. A quorum shall consist of at least ____ of all members entitled to vote. A. 25% B. 50% C. 75% D. 100% 16. A cooperative where the primary purpose of which is to procure and distribute commodities to members and non-members. A. Consumers cooperative B. Marketing cooperative C. Producers cooperative D. Credit cooperation 17. What is the title of Republic Act No. 9520? A. Philippine Cooperative Code of 2008 B. Cooperative Code of the Philippines of 2004 C. Cooperative Law of the Philippines of 2006 D. Philippine Cooperative Law of 2010 18.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 ans aspirations by maing 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. A. Cooperation B. Cooperative C. Joint Venture D. Association 19.Which of the following is not a cooperative principle? A. Democratic Member Control B. Autonomy and Independence C. Involuntary and Close Membership D. Concern for Community 20.Which of the following is not cooperative principle? A. Education, Training and Information B. Cooperation among cooperatives C. Member Economic Participation D. Taxability of Cooperatives 21. It refers to a type of audit wherein the cooperative assesses its social impact and ethical performance vis-a-vis its stated mission, vision, goals and code of social responsibility for cooperative to be established by the CDA in consultation with the cooperative sector A. Social Audit B. Performance Audit C. Financial Statement Audit D. Compliance Audit