WorksheetsLESSON 3: THE COOPERATIVE STORE
Total questions: 10
Worksheet time: 3mins
1. This is a duly registered association of persons with a common bond of interest.
cooperative
business
finances
proprietorship
2. Who are the beneficiaries of the cooperatives?
Board of Directors
Consumers
members
none of the above
3. Cooperative business is anchored to the saying "in union, there is ___________________".
honesty
progress
strength
profit
4. One of the factors of cooperative is that members are treated ___________________.
uniquely
perfectly
equally
truthfully
5. One of the factors that make up a successful cooperative is that members contribute part of their resources to create a common ___________________.
work
good
store
fund
6. A kind of cooperative wherein members can borrow small sums of money at lower interest rates.
credit cooperative
multipurpose cooperative
consumers cooperative
agricultural cooperative
7. This kind of cooperative buy goods necessary for farming operations.
credit cooperative
consumers cooperative
agricultural marketing cooperative
multipurpose cooperative
8. A kind of cooperative wherein members buy goods to be resold at small profits.
credit cooperative
consumers cooperative
agricultural cooperative
multipurpose cooperative
9. This principle to consider in organizing cooperatives means the affairs are administered by persons elected or appointed as agreed upon by the members.
cooperative education
limited interest on capital
democratic control
voluntary membership
10. The following are the objectives of the cooperative except:
to provides goods and services to the members
to provide maximum economic benefits to the members
to teach the members efficient ways of doing things in a cooperative manner
to increase the finances of the Board of Directors
