True/False
Indicate whether the sentence or statement is true or
false.
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| 1. | In Cooperative Corporations,
operations are supposed to have an at-cost (non-profit) objective.
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| 2. | In Investor-Oriented
Corporations, dividends on member capital are limited and are rarely given out to the
member-users.
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| 3. | When dealing with cooperatives,
voting privileges in a coop are based soley on member status; one vote, one member, no matter how
much money is invested.
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Multiple
Choice
Identify the letter of the choice that best completes the statement or answers the
question.
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| 4. | Which of the following is NOT a
positive characteristic of an Investor-Oriented Corporation? a. | The business continues to exist not-withstanding the death, entrance or exit of one or
more of its owners. | b. | The business can raise large sums of money
much easier than other types of businesses. | c. | As a larger business, a corporation has more bargaining
power. | d. | Your vote as an investor is deterimined by the amount of stock
owned. | | |
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| 5. | If the ownership is held by the
member-users, then you know the business is of this type. a. | Sole Proprietorship | c. | Investor-Oriented Corporation | b. | Partnership | d. | Cooperative Corporation | | | | |
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| 6. | Which is not one of the three
main types of cooperatives? a. | marketing | c. | purchasing | b. | selling | d. | specialized services | | | | |
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| 7. | Which type of cooperative buys
supplies in quantity and passes the savings on to it’s members? a. | Marketing | c. | Purchasing | b. | Selling | d. | Specialized
Services | | | | |
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Yes/No
Indicate whether you agree with the sentence or statement.
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| 8. | If you invest in a Cooperative
Corporation, you will have a good chance of making a lot of money.
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Numeric
Response
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| | 9. | A basic federal cooperative law
- the Capper-Volstead Act - recognizes the principle of limited returns on member capital by setting
a maximum rate of ___%, or the legal rate in the state, whichever is higher, if members vote on a
basis other than one-member, one-vote.
(your answer must be in a numeric format)
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Completion
Complete each sentence or statement.
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| | 10. | In the late 1800’s, two
organizations, the Farmers Alliance and the __________ started spreading the cooperative
principles.
(make sure you spell this one word answer correctly and that it is
capitalized)
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