cooperative society

What is the main purpose of a cooperative?

• To maximize profits for owners

• To serve the community and its members

• To compete with other businesses

• To operate as a sole proprietorship

How do members of a cooperative influence its operations?

• By voting on decisions

• By investing money only

• By selling their shares

• By following orders from a manager

Which of the following is NOT one of the seven principles of cooperation?

• Voluntary and open membership

• Democratic member control

• Profit maximization

• Concern for community

What value emphasizes the importance of community in cooperatives?

• Concern for community

• Equity

• Democracy

• Self-responsibility