True/False
Indicate whether thestatement is true or false. |
| | 1. | Much of rural America haselectricity through a member-owned cooperative. |
| | 2. | Consumer cooperatives are moresignificant in Europe than in the U.S. |
| | 3. | The American Farm BureauFederation is a trade association for farmer cooperatives. |
| | 4. | Cooperatives have socializedbanks to serve their financial needs. |
| | 5. | Individually owned businesses,partnerships, investor-owned corporations, and cooperatives are all part of the U.S. privateenterprise system. |
| | 6. | Most businesses in the U.S. arecooperatives. |
| | 7. | Most cooperative businesses areincorporated. |
| | 8. | The Sherman Antitrust Act of1890 made agriculture marketing cooperatives illegal. |
| | 9. | Threshing bees, neighborhoodbarn-raising, and cheese rings of the early 1800’s are all examples of informalcooperatives. |
| | 10. | Agriculture cooperatives helpincrease farm income and provide indirect benefits. |
| | 11. | Cooperatives in the UnitedStates cannot have members in foreign countries. |
| | 12. | Agricultural cooperatives areso small they are not among the 500 largest U.S. industrial corporations. |
| | 13. | The majority of U.S. commercialfarmers are involved in cooperatives. |
| | 14. | All incorporated cooperativesissue stock. |
| | 15. | All cooperatives areincorporated under the Federal cooperative incorporation statutes. |
| | 16. | Control of the farmercooperative is exercised by officials of State and Federal governments. |
Multiple Choice
Identify the choice thatbest completes the statement or answers the question. |
| | 17. | The number of U.S. agriculturalcooperatives peaked in: |
| | 18. | Declining numbers of U.S.agricultural cooperatives is a function of: a. | Lack of interest of farmers incooperatives | | b. | Consolidations, changing industry structure, and declining farm numbers | c. | Changes in taxlaws | | d. | Farmers having betteralternatives |
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| | 19. | How many farm marketing,supply, and related service cooperatives operate in U.S.: a. | Fewer than3,000 | c. | About20,000 | | b. | About 5,000 | d. | More than 1,000,000 |
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| | 20. | U.S. cooperatives existin: a. | A few types of businessactivities | | b. | Nearly every type of agricultural businessactivity | | c. | Agricultural activities only | d. | Midwest only |
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| | 21. | The gross value of farmproducts marketed by U.S. farm cooperatives has: a. | Decreased | b. | Increased | c. | Remained constant |
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| | 22. | The agricultural commoditysector in U.S. where producers market the highest percentage of that commodity through cooperativesis the : a. | Livestocksector | c. | Grainsector | | b. | Dairy sector | d. | Fruit and vegetable sector |
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| | 23. | The agricultural commoditysector in U.S. where producers market the lowest percentage of that commodity through cooperatives isthe: a. | Livestocksector | c. | Grainsector | | b. | Dairy sector | d. | Fruit and vegetable sector |
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| | 24. | What percentage of agriculturalsupplies do U.S. producers purchase through cooperatives: a. | Less than10% | b. | About25% | c. | About75% | d. | Nearly100% |
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| | 25. | For U.S. agriculture, at thefirst handler level, cooperatives marketed what percentage of all agriculturalproducts: a. | Less than10% | b. | About25% | c. | About75% | d. | Nearly100% |
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| | 26. | In 1988, agriculturalcooperatives in the U.S. had total business volume of: a. | Less than $1million | c. | About $66billion| b. | About $190 million | d. | More than $500 billion |
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| | 27. | Localcooperatives: a. | Provide services for a community, acounty, or even several countries | | b. | Have individuals as members | c. | Provide services for a community, a county, or evenseveral countries AND have individuals as members | d. | none of these answers arecorrect |
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| | 28. | A “regionalcooperative” is: a. | The district operation whichcontrols local cooperatives | | b. | A cooperative conducting business over a large area. Often through a networkof local units. | | c. | An inaccurate name for a large company that does business withcooperatives | | d. | An association of local co-ops within a congressionaldistrict. |
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| | 29. | Interregional and nationalcooperatives are: a. | Usually organized by a group oflocal cooperatives | | b. | Usually organized by two or more regionalcooperatives | | c. | Usually organized directly by farmers. | d. | Organized and controlled by thegovernment. |
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| | 30. | Centralized cooperatives arecooperatives: a. | In which farmers hold directmembership | | b. | Which are owned by other cooperatives | c. | Which are controlled by the Central Committee of plannedeconomies | | d. | Located in the center of theU.S. |
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| | 31. | Federated cooperatives arecooperatives: a. | In which farmers hold directmembership | | b. | Which are owned by other cooperatives | c. | Operated by the Federalgovernment | | d. | That operate the federated departmentstores |
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| | 32. | Cooperative farming is: a. | Rare in the United States | c. | Common among corngrowers | | b. | Common in the United States | d. | Common among alfalfa producers |
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| | 33. | The three most common types offarmer-owned cooperatives are: a. | Purchasing, telephone, and creditunions | | b. | Marketing, grain elevators, and electric | c. | Purchasing, Marketing, and service | d. | Purchasing, consumer, and healthcare |
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| | 34. | A cooperative in which theparticipants join to procure funds collectively from investors is: a. | The Farm CreditSystem | c. | Consumercooperative | | b. | Credit unions | d. | Grain marketing |
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| | 35. | Consumercooperatives: a. | Sell to consumers but are owned byinvestors | | b. | Are formed and owned by consumers to purchaseitems | | c. | Are not allowed in the United States | d. | Are grocery stores formed by farmers incities |
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| | 36. | In the U.S. there aremember-owned cooperatives that provide: a. | Farminsurance | c. | Telephoneservice| b. | Health care | d. | all of these answers are correct |
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| | 37. | Examples of products fromcooperatives are: a. | Sunkistoranges | c. | Land O’Lakes butter| b. | Ocean Spray cranberry juice | d. | all of these answers are correct |
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| | 38. | The approximate number ofcredit unions in the United States is: a. | 1,000 | b. 15,000 | c. | 150,000 | d. | 1,000,000 |
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| | 39. | The National Council of FarmerCooperatives (NCFC): a. | Is a political voice for U.S. farmercooperatives | | b. | Is a National federation of cooperatives to marketvegetables | | c. | Is a trade association that does voluntary overseas cooperativedevelopment | | d. | Is a USDA agency devoted to farmercooperatives |
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| | 40. | State cooperativecouncils: a. | Regulate cooperatives within astate | | b. | Are statewide associations for cooperatives | c. | Are cooperative advisor boards set up by stategovernments | | d. | Have been outlawed in moststates |
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| | 41. | State cooperativecouncils: a. | Regulate cooperatives within astate | | b. | Are statewide associations for cooperatives | c. | Are cooperative advisor boards set up by stategovernments | | d. | Have been outlawed in moststates |
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| | 42. | The Agricultural CooperativeService: a. | Is an agency of USDA which promotesknowledge of cooperative principles and practices | b. | Is an organization owned by cooperatives to service localcooperatives | | c. | Is a division of the National Cooperative BusinessAssociation | | d. | Is a division of the National Bank forCooperatives-Cobank |
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| | 43. | The Government agency thatregulates the cooperatively owned Farm Credit System is: a. | The National Credit UnionAdministration | | b. | The Farm Credit Administration | c. | The U.S. Department ofAgriculture | | d. | The Rural ElectricAdministration |
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| | 44. | In the U.S. cooperatives areowned by: a. | The general investingpublic | c. | Thegovernment | | b. | The users of the cooperative | d. | all of these answers are correct |
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| | 45. | Most State and Federal lawsthat pertain specifically to agriculture cooperatives specify that member business must be ___percent of total business: a. | No more than25% | c. | No more than50% | | b. | At least 50% | d. | 100% |
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| | 46. | The first formal cooperative inthe United States was organized by: a. | BenjaminFranklin | c. | GeorgeWashington| b. | Harold Greene | d. | Samuel Gomoers |
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| | 47. | What is the title of Federallaw granting limited antitrust protection to farmer marketing cooperatives? a. | Rural Electrification Act of1936 | c. | The Capper-VolsteadAct | | b. | Smith-Leaver Act of 1914 | d. | none of these answers arecorrect |
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| | 48. | Distinct business advantages ofincorporated cooperatives include: a. | Limited liability of individualmembers and indefinite existence | | b. | Broader capital base than individuals have | c. | Economic service to members, not return on outsidersinvestment | | d. | all of these answers are correct | e. | none of these answers arecorrect |
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| | 49. | Farmer cooperatives have tendedto stabilize farm prices through: a. | Enhancedcompetition | | b. | Limiting imports of agriculture products | c. | Limiting their services only tomembers | | d. | Licensed inspection of agriculturalproducts |
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| | 50. | Agricultural cooperativesbenefit: a. | Farmers | c. Consumers | b. | Rural communities | d. | all of these answers are correct |
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