How to organize a cooperative?

RA 6938 is known as the _________.

• Cooperation's Code of the Philippines

• Cooperative Code of the Philippines

• Code of the Philippines Cooperatives

• Code of the Philippines Cooperation's

The following are the common bond of interest considered in organizing a cooperative, except:

• Residential

• Occupational

• Institutional

• Biological

Determining your problems and needs will not help you classify the type of cooperative you will be organizing.

• TRUE

• FALSE

The word "Cooperative" “Kooperatiba” or “Cooperativa” may not be included in the name of the cooperative.

• TRUE

• FALSE

Economic Survey is a general statement describing, among others, the structure and purposes of the proposed cooperative.

• TRUE

• FALSE

The by-laws contain the rules and regulations governing the operation of the cooperative.

• TRUE

• FALSE

The principal is the insurance company that backs the bond and provides a line of credit in case the principal fails to fulfill the task.

• TRUE

• FALSE

A prospective member of a primary cooperative may opt not to attend a Pre-Membership Education Seminar (PMES).

• TRUE

• FALSE

Which of the following is not required in registering a cooperative?

• Economic Survey

• Articles of Cooperation and By-Laws

• Book Keeper's Affidavit

• Surety bond of accountable officers

Which among the following is a step in organizing a cooperative? (Multiple Choice)

• Reserve your proposed cooperative name.

• Prepare a general statement called an economic survey.

• Prepare the cooperative's by-laws.

• Prepare the articles of cooperation.