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Don't forget - Click on one round button to select ONE answer per question.

When finished, or the time is up, click the Submit Answers button below. Avoid using the arrow keys as doing so can change your answer. Question1: In Figure 1, the position of the General Assembly should be as shown (at the bottom) in the middle (between the Board of Directors and Management Staff) at the top at the side (the same level as the 3 committees) Question2: In Figure 1, the Election and Audit/Inventory committees should be as shown (directly under the Board of Directors) directly under the General Assembly at the side (the same level as the 3 committees) at the same level as the Management Staff Question3: In Figure 1, the committees on Conciliation, Ethics and Education should be as shown (directly under the Management Staff) directly under the Board of Directors directly under the General Assembly at the side (the same level as Audit and Election) Question4: In Figure 1, the Management Staff should be as shown (directly under the Board of Directors) directly under the General Assembly at the side (the same level as the Audit and Election committees) directly above the Board of Directors Question5: When joining a cooperative, the applicant`s subscribed capital should be the minimum prescribed capital subscription at least 10% of authorized capital at least 25% of authorized capital unnecessary - no minimum required Question6: When joining a cooperative, the applicant shall comply with this non-monetary requirement membership fee promissory note written referral by a government official

pre-membership education seminar mandatory community service Question7: When joining a cooperative, the applicant`s paid-up capital should be the minimum prescribed paid-up capital at least 10% of authorized capital at least 25% of authorized capital unnecessary - no minimum required Question8: In a cooperative, capital build-up is, in general required among senior members only required among delinquent members only required among all members not required Question9: Management staff includes Cashier and Bookkeeper because it is expensive to hire only one Cashier-Bookkeeper it is difficult to find Cashier-Bookkeeper it is necessary for check-and-balance it looks smart to have many management staff Question10: The officers elected by and from the Board of Directors are General Manager and Cashier Chairman and Cashier Chairman and Vice-Chairman Chairman and Auditor Question11: The members of the Board of Directors are elected by and from the Management staff the General Assembly the Committee members the Committee members and Management staff Question12: Reserve funds are allocated out of the cooperative surplus in order to show only small or no profit ensure that the essential cooperative functions are funded

withhold dividends for at most one year withhold dividends for at least one year Question13: The document that specifies the years of existence and purposes of the cooperative is Articles of Cooperation Bylaws Treasurer`s Affidavit Economic Survey Question14: In Mondragon, the second-level cooperative that proved useful for creating and nurturing new cooperatives is the Basque the Caja Laboral Popular the Centro Residencias the ULGOR Question15: The document that specifies the organization (membership and officers) of the cooperative is Articles of Cooperation Bylaws Treasurer`s Affidavit Economic Survey Question16: When a cooperative wants to do busines with government, it is generally regarded as undesirable conflict of interest neutral preferred Question17: In forming a cooperative, residential and occupational are examples of cooperative values cooperative principles common bonds of membership common stocks Question18: The Board of Directors appoints these committees Conciliation-Mediation and Audit-Inventory Conciliation-Mediation and Ethics

Election and Ethics Election and Audit-Inventory Question19: The cooperative`s authorized capital stock is this percentage of the cooperative`s total capitalization 6.25% 10% 25% 100% Question20: The cooperative`s subscribed capital stock shall be this percentage of the cooperative`s total capitalization at least 6.25% at least 10% at least 25% at least 50% Question21: A typical cooperative generally aims to help members avail of housing loan avail of retail services improve management services improve quality of life Question22: The cooperative`s formation and strengthening can be helped by an external intervention, which, in the case of Paglaum, is agrarian reform religious political strictly local - Mang Vic Barte

1 - In Germany, the Raiffeisen was founded in 1864 (with initial work by Schulze-Delitzsch in 1850), and in the US, the first credit union was founded in 1909. 3 - In 1934, the Federal Credit Union Act became law, and in 1970, the National Credit Union Administration (NCUA) and the National Credit Union Share Insurance Fund (NCUSIF) were established to support credit societies. 4 - In April 2013, Rabobank is 10th in the list of safest global banks by Global Finance. 5 - The old law on cooperatives, RA 6938, has been amended by RA 9520. 6 - To help improve the quality of life of its members, the cooperative shall cooperate with the government, other cooperatives and people-oriented organizations. 7 - Many benefits and privileges are made available by government to cooperatives following Article 62 of RA 9520. 8 - No, SIDC came out of initiatives of the farmers` association led by Farmer Victoriano Barte. 9 - Yes, KARBEMPCo is the Agrarian Reform (DAR) beneficiary of the Palm Oil plantation land in Isulan, Sultan Kudarat. 10 - Government is just one of the possible organizers of cooperatives, with NGOs also helping, as in the case of Paglaum Multi-Purpose Cooperative.

_RA 9520_ is the current law on cooperatives. _General Assembly_ is the highest box in the cooperative organizational structure. _Preferred_ is a way of describing a cooperative when doing (or intends to do) business with government. _At least above inflation rate_ is the level of return to capital in a cooperative.

_Board of Directors_ is the body (with at least 5 members) in charge of policy-making and oversight in a cooperative. _Reserves_ is part of cooperative surplus that is retained for certain purposes. _Bookkeeper_ is a cooperative management staff in charge of recording financial transactions. _Cashier_ is a cooperative management staff in charge of handling money. _General Manager_ is a cooperative officer meeting with the Board but has no vote. _ZV_ is the better cooperative, given that Coop AX charges P1,000 membership fee while Coop ZV charges P100. _Articles of Cooperation, Bylaws_ is one of two organizational papers required when forming a cooperative. _Checks, Collusion, Corruption_ is the reason two functions (such as recording and custody) can not be entrusted to only one person. _PMES_ is the required course when joining a cooperative. _Audit/Inventory, Election_ is one of two high-level committees elected by the General Assembly. _Associational, Institutional_ is the common bond of membership when cooperative members are coming from one organization. _Conciliation/Mediation, Ethics_ is one of two mandated committees appointed by the Cooperative Board of Directors. _Authorized, Subscribed, Paid-up_ is one of three kinds of shares of ownership indicated when organizing a cooperative. _Competent leadership, Active members_ is one confirmed factor of success among cooperatives. _Primary, Secondary, Tertiary_ is one of three levels (tiers or categories) of cooperatives. _Improve quality of life_ is the usually indicated goal of a cooperative in relation to its members. BONUS: Name 2 coops shown in videos/discussed in class (Mondragon, San Dionisio, Sorosoro Ibaba, Paglaum, Ksk).

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