Quiz #4

Quiz #4

1st Grade

20 Qs

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Quiz #4

Quiz #4

Assessment

Quiz

Financial Education

1st Grade

Practice Problem

Medium

Created by

TESSIL SOTONIEL

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a step in the basic preorganization economic survey for cooperatives?

Assessing market demand

Identifying potential members

Drafting legal documents

 Estimating initial capital requirements

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the bottom-up method of organizing cooperatives, who primarily initiates the formation process?

Government authorities

Large corporations

Potential members and local communities

International organizations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The top-down method of organizing cooperatives involves

Starting with local communities and expanding regionally

Forming cooperatives based on government directives

Building cooperatives from grassroots movements

Collaborating with multinational corporations

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is NOT a major concern in the organization of cooperatives?

Ensuring members have similar interests

Establishing suitable organizational structures

Maximizing profit for shareholders

Organizing associations based on commodity basis

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When forming a cooperative, it is essential that

Members have diverse interests

The association is structured like a corporation

Members have similar economic needs and goals

Government regulations are disregarded

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which method of organizing cooperatives emphasizes community involvement and local empowerment?

Outsourcing method

Hybrid method

 Top-down method

Bottom-up method

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Members of which cooperative type are working or residing within the area of operation?

 Residential

 Institutional

Associational

Genuine cooperative

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