What was the first known cooperative in the United States?

MCQ Questions: Co-operative Development

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Business
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University
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Medium
AMIRAH MAGLI
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Grange
Amul
Philadelphia Contributionship
Mondragon Corporation
Answer explanation
The Philadelphia Contributionship, established in 1752, is recognized as the first known cooperative in the United States, focusing on mutual insurance. The other options, while significant, do not hold this distinction.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who are the Rochdale Pioneers?
Founders of the ICA
Early U.S. cooperative reformers
Founders of modern cooperative movement
French cooperative philosophers
Answer explanation
The Rochdale Pioneers, established in 1844, are recognized as the founders of the modern cooperative movement. They created a model for cooperative societies that inspired similar initiatives worldwide.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the principle of "One member, one vote" in cooperatives?
Political voting system
Hierarchical decision-making
Autocratic leadership
Democratic control
Answer explanation
The principle of "One member, one vote" ensures that all members have equal say in decision-making, reflecting democratic control rather than hierarchical or autocratic systems.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country's dairy cooperatives control over 90% of national milk processing?
Sweden
Finland
India
Denmark
Answer explanation
Denmark's dairy cooperatives dominate the market, controlling over 90% of the national milk processing. This high level of cooperative involvement is a key feature of Denmark's dairy industry.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT one of the 7 cooperative principles?
Democratic member control
Concern for community
Profit maximization
Education, training, and information
Answer explanation
Profit maximization is not one of the 7 cooperative principles. The principles focus on democratic control, community concern, and education, emphasizing member participation and social responsibility over profit.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What economic period led to the formation of agricultural cooperatives during environmental crisis in the U.S.?
The Industrial Revolution
The Great Recession
Dust Bowl Era
Post-War Europe
Answer explanation
The Dust Bowl Era, marked by severe drought and poor agricultural practices, led farmers to form cooperatives to share resources and support each other during this environmental crisis.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which figure promoted cooperative living and founded a model community in New Lanark, Scotland?
William King
Charles Fourier
Robert Owen
Benjamin Franklin
Answer explanation
Robert Owen was a social reformer who promoted cooperative living and established the model community of New Lanark in Scotland, focusing on improving workers' conditions and education.
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