Cooperative and Nonprofits

an association of persons (organization) that is owned and controlled by the people to meet their common economic, social, and/or cultural needs

• A Corporation

• A Non-Profit Organization

• A Cooperative

• A Partnership

a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers

• Non-profit organization

• For-profit organization

• Government organization

• Private company

Which type of corporation is established to serve the public rather than to gain profit?

• Business Corporation

• S-Corporation

• C-Corporation

• Non-profit Corporation

What type of cooperative provides financial services like loans and savings to its members?

• Credit Cooperative

• Agricultural Bank

• Producer Cooperative

• Consumer Cooperative

Comprises of a range of voluntary associations that are autonomous from the state including local religious and neighborhood organizations, news media, business and professional associations and nongovernmental organizations

• political and social cleavages

• socialism

• civil society

• welfare state

Which type of cooperative provides financial services?

• Credit Cooperative

• Consumer Cooperative

• Producer Cooperative

• Retail Cooperative

It is an organization which is formed voluntarily by a group of people to conduct economic activities that are beneficial and respond to the need and aim of it's members.

• Market

• Cooperatives

• Economy

• Sufficiency

He proposed new ideas by getting people who had economic problems and unable to help themselves to set up an organization.

• Karl marx

• Robert Owen

• King Rama VI

What is a cooperative?

• A business owned by investors

• An organization owned and run by its members

• A government agency

• A private corporation

Which of the following is a characteristic of a nonprofit organization?

• Distributes profits to shareholders

• Operates for the benefit of its members

• Focuses on profit maximization

• Reinvests surplus into the organization