Article 1-8

Question 1

Article 1. Republic Act 9520 is known as ___

Answer 1

Philippine Cooperative Code of 2008

Question 2

Article 2. It is the declared policy of the State to foster the creation and growth of cooperatives as a practical vehicle for _____

Answer 2

promoting self-reliance and harnessing people power towards the attainment of economic development and social justice.

Question 3

The State shall encourage the _____ to undertake the actual formation and organization of cooperatives and shall create an atmosphere that is conducive to the growth and development of these cooperatives.

Answer 3

Private sector

Question 4

Government and all its branches, subdivisions, instrumentalities and agencies shall ensure the provision of _____, _____, and other services to enable said cooperatives to develop into viable and responsive economic enterprises

Answer 4

technical guidance, financial assistance

Question 5

Is free from any conditions that might infringe upon autonomy or organizational integrity of cooperatives.

Answer 5

Strong cooperative movement

Question 6

The State recognizes the ______ under which the cooperative sector will initiate and regulate within its own ranks the promotion and organization, training and research, audit and support services relative to cooperatives with government assistance where necessary.

Answer 6

Principle of subsidiarity

Question 7

Article 3. General concepts

• an autonomous and duly registered association of persons;
• have a common bond of interest;
• have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations;
• making equitable contribution to the capital;
• patrionizing their products and services;
•accepting a fair share of risks and benefits in accordance with universally accepted cooperative principles

Answer 7

Cooperative

Question 8

Article 4. Cooperative Principles

Cooperative shall conduct its affairs in accordance with _____, ______, and _____.

Answer 8

Filipino culture, good values, and experience

Question 9

Article 4. Cooperative Principles

Universally Accepted Principles of Cooperation (7)

Answer 9

1. Voluntary and open membership
2. Democratic member control
3. Member economic participation
4. Autonomy and independence
5. Education, training, and information
6. Cooperation among cooperatives
7. Concern for community

Question 10

Art.4
Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, cultural, political or religious discrimination.

Answer 10

Voluntary and open memebership

Question 11

Art. 4
Cooperatives are democratic organizations that are controlled by their members who actively participate in setting their policies and making decisions. Elected representatives, directors or officers are accountable to the membership.

In primary cooperatives, members have equal voting rights of one-member, one-vote. Cooperatives at other levels are organized in the same democratic manner.

Answer 11

Democratic member control

Question 12

Art. 4
Members contribute equitably to, and democratically control, the capital of their cooperatives. At least part of that capital is the common property of the cooperative. They shall receive limited compensation or limited interest, if any, on capital subscribed and paid as a condition of membership.

Answer 12

Member economic participation

Question 13

Art. 4
Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into aggreements with other organizations, including government, or raise capital from external sources, they shall do so on terms that ensure democratic control of their members and maintain their cooperative autonomy.

Answer 13

Autonomy and independence

Question 14

Art. 4
Cooperatives shall provide education and training for their members, elected and appointed representatives, managers, and employees, so that they can contribute effectively and efficiently to the development of their cooperatives.

Answer 14

Education, training, and information

Question 15

Art. 4
Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures.

Answer 15

Cooperation among cooperatives

Question 16

Art. 4
Cooperatives work for the sustainable development of their communities through policies approved by their members.

Answer 16

Concern for community

Question 17

Art. 5 Terms
includes a person either natural or juridical who adhering to the principles set forth in this Code and in the Articles of Cooperative, has been admitted by the cooperative as member;

Answer 17

Member

Question 18

Art. 5 Terms
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, as provided by this Code, its articles of cooperation and bylaws: Provided, That for cooperatives with numerous and dispersed membership, the ______ may be composed of delegates elected by each sector, chapter or district of the cooperative in accordance with the rules and regulations of the Cooperative Development Authority;

Answer 18

Gener assembly

Question 19

Art. 5 Terms
shall mean that body entrusted with the management of the affairs of the cooperative under its articles of cooperation and bylaws;

Answer 19

Board of directors

Question 20

Art. 5 Terms
shall refer to any body entrusted with specific functions and responsibilities under the bylaws or resolution of the general assembly or the board of directors;

Answer 20

Committee

Question 21

Art. 5 Terms
means the articles of cooperation registered under this Code and includes a registered amendment thereof;

Answer 21

Articles of Cooperation

Question 22

Art. 5 Terms
means the bylaws registered under this Code and includes any registered amendment thereof;

Answer 22

Bylaws

Question 23

Art. 5 Terms
means the operative act granting juridical personality to a proposed cooperative and is evidenced by a certificate of registration;

Answer 23

Registration

Question 24

Art. 5 Terms
refers to the government agency in charge of the registration and regulation of cooperatives as such hereinafter referred to s the Authority;

Answer 24

Cooperative Development Authority

Question 25

Art. 5 Terms means that body of cooperative principles adhered to worldwide by cooperatives;

Answer 25

Universally Accepted Principles

Question 26

Art. 5 Terms means the full membership of a body of representatives elected by each of the sectors, chapter or district o the cooperative duly assembled for the purpose of exercising such powers lawfully delegated unto them by the general assembly in accordance with its bylaws;

Answer 26

Representative assembly

Question 27

Art. 5 Terms shall include the members of the board of directors, members of the different committee created by the general assembly, general manager or chief executive officer, secretary, treasurer and members holding other positions as may be provided for in their bylaws;

Answer 27

Officers of the Cooperative

Question 28

Art. 5 Terms is a procedure wherein the cooperative assesses its social impact and ethical performance vis-a-vis its stated mission, vision, goals and code of social responsibility for cooperatives to be established by the Authority in consultation with the cooperative sector. It enables the cooperative to develop a process whereby it can account for its social performance and evaluate its impact in the community and be accountable for its decisions and actions to its regular members;

Answer 28

Social audit

Question 29

Art. 5 Terms shall refer to an audit on the efficiency and effectiveness of the cooperative as a whole; its management and officers; and its various responsibility centers as basis for improving individual team or overall performance and for objectively informing the general membership on such performance;

Answer 29

Performance audit

Question 30

Art. 5 Terms shall include cooperative undertaking activities which are related to its main line of business or purpose;

Answer 30

Single-line or Single purpose Cooperative

Question 31

Art. 5 Terms are those which provide any type of service to its members, including but not limited to, transport, information and communication, insurance, housing, electric, health services, education, banking, and savings and credit;

Answer 31

Service Cooperative

Question 32

Art. 5 Terms refers to any organization all or majority of whose membership or shareholders come from a cooperative, organized for any other purpose different from that of, and receives technical, managerial and financial assistance from, a cooperative, in accordance with the rules and regulations of the Authority;” and “(17)

Answer 32

Subsidiary cooperative

Question 33

Art. 5 Terms refers to three or more primary cooperatives, doing the same line of business, organized at the municipal, provincial, city, special metropolitan political subdivision, or economic zones created by law, registered with the Authority to undertake business activities in support of its member-cooperatives.”

Answer 33

Federation of Cooperatives

Question 34

Article 6. Purposes of Cooperatives (14)

Answer 34

1. To encourage thrift and savings mobilization among members 2. To generate funds and extend credit to the members for productive and provident purposes 3. To encourage among members systematic production and marketing 4. To provide goods and services and other requirements to the members 5. To develop expertise and skills among its members 6. To acquire lands and provide housing benefits for the members 7. To insure against losses of the members 8. To promote and advance the economic, social, and educational status of the members 9. To establish, own, lease, or operate cooperative banks, cooperative wholesale and retail complexes, insurance and agricultural/industrial processing enterprises and public markets 10. To coordinate and facilitate the activities of cooperatives 11. To advocate for the cause of the cooperative movements 12. To ensure the viability of cooperatives through utilizing the new technologies 13. To encourage and promote self help or self employment as an engine for economic growth and poverty alleviation 14. To undertake any and all other activities for the effective and efficient implementation of the provision of this code

Question 35

Article 7. Objectives and Goals of a Cooperative The primary objective of every cooperative is ____

Answer 35

To help improve the quality of life of its members

Question 36

Article 7. Objectives and Goals of a Cooperative (6)

Answer 36

1. Provide goods and services to its members to attain increased income, savings, and investments... 2. Provide optimum social and economic benefits to its members. 3. Teach them efficient ways of doing things in a cooperative manner 4. Propagate cooperative practices and new ideas in business and management 5. Allow lower income and less privileged groups to increase their ownership in the wealth of the nation 6. Cooperate with government, other cooperatives, and people-oriented organizations to further the attainment of the objectives.

Question 37

True or false Article 8. Cooperatives Not in Restraint of Trade. No cooperative or method or act thereof which complies with this Code shall be deemed a conspiracy or combination in restraint of trade or an illegal monopoly, or an attempt to lessen competition or fix prices arbitrarily in violation of any laws of the Philippines.

Answer 37

True