Questions 1 To 100 Flashcards

1
Q

a Cooperative is owned by its

A

members

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2
Q

a Cooperative is usually controlled on the basis of

A

one vote per member

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3
Q

a Cooperative distributes benefits based on

A

use of Cooperative services

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4
Q

cooperative operate to maximize

A

profits for members / Patron’s

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5
Q

farmer marketing, Supply, and service cooperatives in the United States total about

A

5000

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6
Q

memberships in Farmer marketing, Supply, and cooperatives in the United States total about

A

4 million

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7
Q

about what percent of Major Farm inputs do farmers buy from their cooperative

A

25%

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8
Q

about what percent of their products do farmers market through their

A

25%

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9
Q

most borrowed capital for agricultural cooperatives comes from

A

banks for cooperatives

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10
Q

The farmer-owned Cooperative Farm Credit system provides what portion of the total agricultural credit

A

one third

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11
Q
which of the following is not a federal agency?
 a. Farm Credit Administration
 B. rural electrification Administration
 C. rural telephone Bank
 d. National Co-operative Bank
A

National Co-operative Bank

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12
Q
which of the following is not a general Farm organization?
 a. Farm Credit Administration 
 B. Cooperative Extension Service 
 C. National Farmers Union 
 d. National Grange
A

Cooperative Extension Service

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13
Q

the agricultural Cooperative service is a

A

Federal agency

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14
Q

true or false

state has laws authorizing the formation of Cooperative corporations

A

true

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15
Q

true or false a member / Patron is defined as any person marketing, purchasing, or obtaining a service through a cooperative

A

false

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16
Q

true or false the most important resource to be managed in a Cooperative is its faculties

A

false

17
Q

who owns the business in an agricultural cooperative?

A

the member / patrons

18
Q

which of the following is not a required set of papers for organizing a cooperative
a. Articles of Incorporation
B. Bylaws
C. credit verification

A

credit verification

19
Q

a ___ Cooperative is one which serves members local and Regional cooperative

A

Federated

20
Q

true or false cooperatives are unique in that their members owners are also their patrons

A

true

21
Q

true or false in a partnership, a general Partners liability extends to the personal assets

A

true

22
Q

cooperatives in the united states are:
a) socialistic
B) private enterprise
c) government organizations

A

Private enterprise

23
Q

the board of directors in a cooperative are:
A) elected by the. membership
B) appointed by the manager
C) chosen by the government

A

elected by membership