Cooperatives Structure

A_____ is a legal business entity created under state law that is owned and operated for purpose of benefiting its members who use its services.

• corporation

• cooperative or co-op

• sole proprietorship

• partnership

Which of the following is a characteristic or principle of a co-op?

• returns that members receive on their financial investments into the cooperative are limited

• owned and democratically controlled by its members

• distributes net margins to its members in proportion to their use of the co-op

• all of the above

Co-ops allow similar businesses to join together to ____ leverage over a market.

• lose

• gain

What are the types of cooperatives or co-ops?

• supply

• marketing

• service

• all of the above

A ____ co-op provides a service for its members.

• supply

• marketing

• service

• none of the above

A ____ co-op provides the inputs necessary for agricultural production.

• supply

• marketing

• service

• none of the above

A ____co-op helps to market an agricultural product.

• supply

• marketing

• service

• none of the above