Cooperative Code of the Philippines

It shall mean the full membership of the cooperative duly

assembled for the purpose of exercising all he rights and

performing all the obligations pertaining to cooperatives.

• MEMBER

• REPRESENTATIVE

• COMMITTEE

• GENERAL ASSEMBLY

Which of the following is not a purpose of a cooperative?

• TO ENCOURAGE AMONG MEMBERS SYSTEMATIC PRODUCTION AND

  MARKETING.

• TO DEVELOP EXPERTISE AND SKILLS AMONG ITS MEMBERS.

• TO PROVIDE OPTIMUM SOCIAL AND ECONOMIC BENEFITS TO ITS

  MEMBER ITS MEMBERS.

• TO INSURE AGAINST LOSSES OF THE MEMBERS.

What is the liability of a cooperative registered under

the Philippine cooperative code?

• LIMITED

• UNLIMITED

• SEPARATE AND DISTINCT

• GENERAL

What membership seminar shall a prospective member of

primary cooperative complete before organizing a

cooperative?

• PRIMARY MEMBER EDUCATION SEMINAR

• MEMBERSHIP EDUCATION SEMINAR OF THE PHILIPPINES

• PRE-MEMBERSHIP EDUCATION SEMINAR

• MEMBERSHIP SEMINAR IS NOT NEEDED TO ORGANIZE A

  COOPERATIVE

It is one which engages in the supply of production inputs

to member and markets their product.

• SERVICE COOPERATIVE

• CONSUMERS COOPERATIVE

• MARKETING COOPERATIVE

• PRODUCERS COOPERATIVE

What cooperative principle states that members contribute

equitably to, and democracy control the capital of their

cooperatives?

• VOLUNTARY AND OPEN MEMBERSHIP

• AUTONOMY AND INDEPENDENCE

• DEMOCRATIVE MEMBER CONTROL

• MEMBER ECONOMIC PARTICIPATION

It is a cooperative principle, which states that if

cooperatives enter into agreements with other

organizations, including government, or raise capital from

external sources, they shall do so on terms that ensure

democratic control of their members and maintain the

cooperative autonomy.

• VOLUNTARY AND OPEN MEMBERSHIP

• AUTONOMY AND INDEPENDENCE

• DEMOCRATIVE MEMBER CONTROL

• MEMBER ECONOMIC PARTICIPATION

It is the body of cooperative principles adhered to

worldwide by cooperatives.

• PHILIPPINE COOPERATIVE CODE

• UNIVERSALLY ACCEPTED PRINCIPLES

• GENERALLY ACCEPTED ACCOUNTING PRINCIPLES

• ARTICLES OF COOPERATION

Which of the following is one of the cooperative powers

and capacities of a cooperative?

• TO ENTER INTO DIVISION, MERGER OR CONSOLIDATION

• TO THE INCLUSIVE USE OF ITS REGISTERED NAME, TO SUE AND

  BE SUED

• TO ADVOCATE FOR THE CAUSE OF THE COOPERATIVE MOVEMENTS

• TO ESTABLISH, OWN; LEASE OR OPERATE COOPERATIVE BANKS,

  COOPERATIVE WHOLESALE AND RETAIL COMPLEXES, INSURANCE

  AND INDUSTRIAL INDUSTRIES

Which of the following is the primary objective of every

cooperative?

• TO ENCOURAGE THRIFT AND SAVINGS MOBILIZATION AMONG THE MEMBERS

• TO PROVIDE OPTIMUM AND SOCIAL AND ECONOMIC BENEFITS TO ITS MEMBERS

• TO HELP IMPROVE THE QUALITY OF LIFE OF ITS MEMBERS

• TO ADVOCATE FOR THE CAUSE OF COOPERATIVE MOVEMENTS