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WorksheetsCooperative & Rural Market
Total questions: 35
Worksheet time: 18mins
Name
Class
Date
1.
What is the word "cooperative" comes from?
a)
Correction
b)
Correlation
c)
Cooperation
d)
Coefficient
2.
What is the law or regulation that related with cooperative?
a)
Cooperative Act 1993, Section 2
b)
Cooperative Act 1995, Section 2
c)
Cooperative Act 1993, Section 3
d)
Cooperative Act 1994, Section 3
3.
What are the two main elements of cooperative concept and philosophy?
a)
Owner, Government
b)
Customer, Debtor
c)
Owner, Supplier
d)
Owner, Customer
4.
The member's ______ is ______ to its capital or share contribution.
a)
assets, limited
b)
assets, unlimited
c)
liability, limited
d)
liability, unlimited
5.
Which of the following is not cooperative principles?
a)
Economic Involvement by members
b)
Education, training and information
c)
Taking over consumer
d)
Voluntary and open memberships
6.
How old can become a school cooperative member?
a)
21 years old
b)
17 years old
c)
18 yeard old
d)
12 years old
7.
The following are the component of a cooperative organizational structure, except:
a)
Owner
b)
Internal Audit Committee
c)
Member of Board
d)
Cooperative management
8.
Which one is the role of the members to success the cooperatives?
a)
To monitor and manage the risk they facing
b)
To communicate effectively with members
c)
Ensure governance good in the cooperative
d)
Conduct activities in lawfully and ethically
9.
A cooperative can be exempt on how many years of income tax after register as a cooperative?
a)
7 years
b)
5 years
c)
3 years
d)
1 years
10.
Which of the following is not a characteristic of a disqualified member?
a)
Has reach the age of 18 years old
b)
Lost mental abilities
c)
Has not been released from bankruptcy status
d)
A person against him is still in effect a conviction for a list of offences
11.
Which of the following is not under administration structure?
a)
Subcommittee
b)
Internal Audit Committee
c)
Working Committee
d)
Management Functions
12.
Which of the following is not a cooperative law?
a)
Cooperative Act 1993
b)
Cooperative Regulations 2010
c)
Guidelines / Circular SKM
d)
Cooperative Regulations 2012
13.
Below is management function in Cooperative Organizational Structure except...
a)
Financial
b)
Enhancement
c)
Sales
d)
Establishment
14.
Cooperatives are owned, managed, and patronized by?
a)
Members
b)
Manager
c)
Proprietor
d)
Government
15.
One of the purposes of Cooperative is to encourage...
a)
Thrift and savings
b)
Borrow when there's no money
c)
Lending all the way
d)
Grouping the peoples
16.
What is the primary capital of cooperatives?
a)
Member's share capital
b)
Member's savings
c)
Donations
d)
Support by government
17.
There are three levels of the cooperative, except...
a)
Basic Cooperative
b)
Secondary Cooperative
c)
Tertiary Cooperative
d)
Top Cooperative
18.
“Ensure governance good in cooperative” this role is described to:
a)
Supporting Ideology
b)
Owner
c)
Capital Advisory
d)
User
19.
“Faiz is 15 years old dropout schools, he can not join the School Cooperative as he has to be registered as a student in the particular school to become a member”. Can he sign up for the Basic Cooperative?
a)
Yes
b)
No
c)
Maybe?...
d)
Don't know
20.
Dividends of up to ____ can be given on the cooperatives net profit of the cooperations for the current years.
a)
10%
b)
20%
c)
30%
d)
40%
21.
The minimum amount of cooperative registration fees is?
a)
RM50
b)
RM100
c)
RM150
d)
RM200
22.
Which of the following is not related to the role of board members?
a)
Making decisions
b)
Receive loan facilities
c)
Devise and implement policies
d)
Have leadership qualities
23.
The powers, duties and obligations of the Board Members are according to ______ of the Co-operative Societies Act 1993.
a)
Section 14
b)
Section 24
c)
Section 34
d)
Section 44
24.
The following are the function and activities of cooperative, except...
a)
Credit
b)
Banking
c)
Transportation
d)
Studying
25.
Anyone can join as cooperatives' members includes non-Malaysian citizens.
a)
Yes
b)
No
c)
Maybe?
d)
Don't know
26.
The cooperative offers _________ at reasonable prices to its members.
a)
house rental service
b)
car rental service
c)
job opportunities
d)
quality services and goods
27.
Which one is the type of coop that caters lending services?
a)
Credit Coop
b)
Consumers Coop
c)
Producers Coop
d)
Multi-purpose Coop
28.
How many times must the General Assembly meet in a year?
a)
Once, but BOD might call a special meeting
b)
Once a year
c)
Twice a year
d)
When needed
29.
Which of the following have the highest authority in the cooperative?
a)
General Assembly
b)
BOD
c)
Officers
d)
JAD
30.
What is the function of the internal audit committee (JAD)?
a)
The highest power in the cooperative in the general meeting.
b)
Oversight the accuracy and reliability of the cooperative's financial information
c)
Ensure the cooperative business is run according company laws
d)
To disqualify a member which is bankrupt and not been released
31.
What is true about SKM?
a)
Controlling operation of cooperative when the cooperative is perform against the law
b)
Perform under Malaysia Co-operative Societies Commission Act 2009 [Act 665]
c)
Receive application and approved the establishment of a cooperative
d)
Establishment of sponsorship committee and 40 prospective members
32.
Which of the following statement is true?
a)
The cooperative owner provide modal support in the cooperative
b)
The supporting ideology understand and practice concept philosophy to operate
c)
Capital advisory is controlling cooperative operation
d)
The user in cooperative is using all the services
33.
JAD stand for?
a)
Job Access Denied
b)
Internal Audit Committee
c)
Interpersonal Audit Community
d)
Journal Art Desire
34.
Which of the following is the value of cooperative?
a)
Self-responsibility
b)
Democracy
c)
Autocratic
d)
Business-minded
35.
What are the duties of a cooperative member?
a)
Patronize products and services
b)
Attend general assembly
c)
Always apply for credit
d)
Withdraw the capital share
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