True/False
Indicate whether the sentence or statement is true or
false.
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1.
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In Cooperative Corporations, operations are supposed to have an at-cost
(non-profit) objective.
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2.
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In Investor-Oriented Corporations, dividends on member capital are limited and
are rarely given out to the member-users.
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3.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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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