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OMSMC Onboarding

Total questions: 15

Worksheet time: 9mins

Name
Class
Date
1.

The Audit Committee is directly accountable and responsible to the _____.

a)

BOD

b)

General Manager

c)

General Assembly

d)

CDA

2.

Who is the highest implementing body in the Cooperative?

a)

General Manager

b)

General Assembly

c)

Board of Directors

d)

Audit Committee

3.

As per By-Laws Art. V Sec 1, A member of the Audit Committee shall hold the office for _____.

a)

3 years

b)

1 year

c)

5 years

d)

per contract basis

4.

How much GMV of Individual Seller to be qualified as MEV?

a)

100k

b)

200k

c)

3.0M

d)

500K

5.

According to the By-laws, each committee is composed of how many members?

a)

5

b)

7

c)

3

d)

2

6.

How many days should BOD fail to act before the Audit Committee approves or amend the report and recommendation of the Ethics Committee involving violations of the Code of Governance and Ethical Standards?

a)

30 days

b)

45 days

c)

60 days

d)

90 days

7.

The one person that provides administrative services to GAD committee.

a)

Compliance Person

b)

Focal Person

c)

Secretary

d)

Admin Assistant

8.

Which of the following are functions of the Audit Committee?

a)

Audit the performance of the cooperative and its various responsibility centers.

b)

Review the internal audit report of the Cooperative.

c)

Follow up actions on the internal and external audit recommendations.

d)

Discuss the result of the internal audit with the Management.

9.

How many trainings should a regular member attend to be qualified as mev?

a)

1

b)

2

c)

3

d)

4

10.

It is the statement of the ethical principles, values and behaviors expected of the Board of Directors, their Officers, the Management, and the Members of the OMSMC.

a)

Code of Good Governance

b)

Code of Ethical Standards

c)

Code of Justice

d)

Code of Conduct

11.

True/False: The Magna Carta of Women (Republic Act No. 9710) is a comprehensive women’s human rights law that seeks to eliminate discrimination through the recognition, protection, fulfillment, and promotion of the rights of Filipino women, especially those belonging in the marginalized sectors of the society.

a)

True

b)

False

12.

Which of the following is NOT a qualification for an elective position?

a)

Has paid the minimum capital requirement.

b)

A member in good standing for the last two (2) years

c)

Attended GA last year

d)

Completed a college degree related to position you are running for

13.

Where should you send your electronic mail for a mediation request?

a)

mediation.conciliation.com

b)

mediation.microsellerscooperative.com

c)

mediation@microsellerscooperative.com

d)

medcon@microsellerscooperative.com

14.

What are the 3 Universal Ethical Principles?

a)

Equity and Justice

b)

Fairness for all concerned

c)

Respect for People

d)

Personal and Professional Responsibility

15.

Which of the following are required to become a Regular Member?

a)

Pre-Membership Education Seminar

b)

Payment of Membership Fee

c)

Payment of Share Capital

d)

Completion of Membership Form