GE ELECT 4SSP PRE-MIDTERM EXAM

1. 1. A cooperative the primary purpose of which is to procure and distribute commodities to members and non members

• Multi-purpose

• Electric

• Consumer

• Cooperative Bank

2. 2. A cooperative organized for the primary purpose of undertaking power generations.

• Multi-purpose

• Electric

• Consumer

• Cooperative Bank

3. 3. A cooperative which combines two 2 or more of the business activities of these different types of cooperatives.

• Multi-purpose

• Electric

• Consumer

• Cooperative Bank

4. 4. A cooperative organized for the primary purpose of providing a wide range of financial services to cooperatives and their members.

• Multi-purpose

• Electric

• Consumer

• Cooperative Bank

5. 5. Is an autonomous and duly registered association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations.

• Cooperative

• Sole proprietorship

• Partnership

• Corporation

Is a contract whereby two or more persons bind themselves to contribute money, property or industry to a common fund with the intention of dividing profits among themselves.

• Cooperative

• Sole proprietorship

• Partnership

• Corporation

Corporations which have capital stock divided into shares and are authorized to distribute to the holders of such shares dividends or allotments of the surplus profits on the basis of shares held.

• General

• Limited

• Non-stock

• Stock

Corporations where no part of the income is distributable as dividends to its members, trustees, or officers, subject to the provisions of the Code on dissolution.

• General

• Limited

• Non-stock

• Stock

Partnership formed by two or more persons having as members one or more general partners and one or more limited partners.

• General

• Limited

• Non-stock

• Stock

Partnership consisting of general partners who are liable pro rata and subsidiary and sometimes solidarily with their separate property for partnership debts.

• General

• Limited

• Non-stock

• Stock