Cooperatives

Which of the following is the best explanation of a cooperative?

• A for-profit business owned by shareholders

• A non-profit charitable organization

• A business owned by two or more people

• A business owned by people who work for it or are served by it

• None of the above

Which of the following is not a characteristics of a consumer cooperative?

• Shared responsibility

• Democratic management

• Concern for mutual welfare

• Pursuit of profit

• None of the answers are correct

The Rochdale Society of Equitable Pioneers was considered the prototype for the modern cooperative association, was organized in what year?

• 1910

• 1945

• 1890

• 1844

The first recognized cooperative business in the US was:

• Mutual Fire Insurance Company

• REI

• Cenex Harvest States

• Sunkist

The first US recognized cooperative business was started in:

• 1752

• 1900

• 1879

• 1820

As of 2019, how many bank credit unions are there in the US that are federally insured?

• 6,789

• 12,467

• 5,335

• 30,378

Which one is not a cooperative?

• CHS

• Land O'Lakes

• Green Bay Packers

• Ace Hardware

• All of the above are cooperatives