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FUNDAMENTALS OF COOPERATIVE

Total questions: 20

Worksheet time: 3mins

Name
Class
Date
1.

When was the first cooperative organized?

a)

1840

b)

1844

c)

1842

d)

1846

2.

Which is not included in the goods which were sold in the first cooperative?

a)

arina

b)

bigas

c)

mantekilya

d)

asukal

3.

Who inspired the Rochdale Pioneers to begin the cooperative movement?

a)

Jose Rizal

b)

William King

c)

Robert Owen

d)

Friedrick Raiffeisen

4.

Who is the founder the first cooperative in the Philippines?

a)

Andres Bonifacio

b)

Emilio Aguinaldo

c)

Apolinario Mabini

d)

Jose Rizal

5.

Who are the owners of the cooperative?

a)

Board of Directors

b)

Employees

c)

Manager

d)

Members

6.

Which of the following is a characteristic of a cooperative?

a)

Self- reliant

b)

Member-owner

c)

One- member- one vote

d)

Equal Opportunity

7.

Which of the following makes the cooperative unique from other enterprise?

a)

Member- Owner

b)

Leadership values

c)

Common needs

d)

Common bond of interest

8.

Which of the following promotes and undertakes savings and lending services to its members?

a)

Consumers Cooperative

b)

Credit Cooperative

c)

Producers Cooperative

d)

Marketing Cooperative

9.

What type of cooperative distributes commodities to members and non- members?

a)

Advocacy Cooperative

b)

Service Cooperative

c)

Insurance Cooperative

d)

Consumers Cooperative

10.

What type of cooperative combines two or more business activities of the different types of cooperatives?

a)

Fishermen’s Cooperative

b)

Dairy Cooperative

c)

Multi- Purpose Cooperative

d)

Producer’s Cooperative

11.

What type of cooperative aims to provide a wide range of financial services to cooperatives and its members?

a)

Dairy Cooperative

b)

Education Cooperative

c)

Cooperative Bank

d)

Service Cooperative

12.

Which of the following is the purpose and motivation in cooperative?

a)

Profit

b)

Service above Profit

c)

Service

d)

Profit above Service

13.

Which of the following should be continuously done in cooperatives?

a)

Educational Program

b)

Share Capital Contribution

c)

Savings Deposit Contribution

d)

Withdrawal of Stocks

14.

What refers to the will and the capability to improve destiny peacefully through joint action which can be more powerful particularly through collective action and effort?

a)

Self- Help

b)

Equity

c)

Equality

d)

Honesty

15.

Equal rights and opportunities for people to participate democratically will improve the use of society’s resources and foster mutuality, understanding and solidarity. What cooperative value is this?

a)

Equity

b)

Self- Help

c)

Equality

d)

Solidarity

16.

Rewards for active membership is distributed equitably be it through patronage refund, dividends, allocations to capital reserves, increases in services or reduction in charges. What cooperative value is this?

a)

Equity

b)

Self- Help

c)

Equality

d)

Solidarity

17.

Fair distribution of income and power and its economic life is based on labor, not ownership of capital.

a)

Equity

b)

Self- Help

c)

Equality

d)

Solidarity

18.

Members have the right to participate, to be informed, to be heard and to be involved in making decisions. What cooperative value is this?

a)

Equity

b)

Self- Help

c)

Equality

d)

Democracy

19.

Cooperative has strength in mutual self-help and has collective responsibility for the well-being of its members. What cooperative value is this?

a)

Solidarity

b)

Equity

c)

Democracy

d)

Equality

20.

Individual cooperatives strive to create a united cooperative movement by working with other cooperatives to improve collective well-being. What cooperative value is this?

a)

Solidarity

b)

Equity

c)

Democracy

d)

Equality