Questions 1 To 100 Flashcards
(23 cards)
a Cooperative is owned by its
members
a Cooperative is usually controlled on the basis of
one vote per member
a Cooperative distributes benefits based on
use of Cooperative services
cooperative operate to maximize
profits for members / Patron’s
farmer marketing, Supply, and service cooperatives in the United States total about
5000
memberships in Farmer marketing, Supply, and cooperatives in the United States total about
4 million
about what percent of Major Farm inputs do farmers buy from their cooperative
25%
about what percent of their products do farmers market through their
25%
most borrowed capital for agricultural cooperatives comes from
banks for cooperatives
The farmer-owned Cooperative Farm Credit system provides what portion of the total agricultural credit
one third
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
National Co-operative Bank
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
Cooperative Extension Service
the agricultural Cooperative service is a
Federal agency
true or false
state has laws authorizing the formation of Cooperative corporations
true
true or false a member / Patron is defined as any person marketing, purchasing, or obtaining a service through a cooperative
false
true or false the most important resource to be managed in a Cooperative is its faculties
false
who owns the business in an agricultural cooperative?
the member / patrons
which of the following is not a required set of papers for organizing a cooperative
a. Articles of Incorporation
B. Bylaws
C. credit verification
credit verification
a ___ Cooperative is one which serves members local and Regional cooperative
Federated
true or false cooperatives are unique in that their members owners are also their patrons
true
true or false in a partnership, a general Partners liability extends to the personal assets
true
cooperatives in the united states are:
a) socialistic
B) private enterprise
c) government organizations
Private enterprise
the board of directors in a cooperative are:
A) elected by the. membership
B) appointed by the manager
C) chosen by the government
elected by membership
