• A business owned and managed by a

single person

• Ex: Sari – sari stores, market vendors

among others

(a)  

An association of at least 2 to 5 persons

who agree to place money, property and

industry in the common fund with the aim

of sharing profits among themselves.

• Ex: Law Firm, Accounting Firm, Medical

Clinic

(a)  

is one that provides

assets to be utilized as the starting

capital of the business.

(a)  

is one that swears

to give services or labor to the

operation of the business.

(a)  

is one that pledges money and

property.

(a)  

one who is liable for

partnership debts committed in business

(a)  

one whose liability is

limited to the extent of his capital

contribution.

(a)  

An artificial being created by

operation of law having the right of

succession and the power, attributes

and properties expressly authorized

by law or incident of its existence.

(a)  

shares or certificate of ownership in a

(a)  

owners of stocks

(a)  

a written document containing the names of original incorporators, their initial share in stock

ownership and the objectives and activities of

the corporation.

(a)  

the rules of action for the

internal government of a corporation and

for its officers, stockholders and members

(a)  

the agency in-charge in the registration

and regulation of corporation.

(a)  

represents the basic issue

shares, and has all the basic rights of a

share of stock.

(a)  

a type of stock having

certain preferences over common stock. If

dividends have been declared by the

company, preferred stockholders are

prioritized to receive first.

(a)  

available stocks offered to

(a)  

available stocks offered to

foreign investors.

(a)  

refers to shares of capital

stock that have been assigned a definite or

fixed value in the articles of incorporation,

so as to fix its original pri

ce.

(a)  

It represents the corporation’s profit, which

are distributed to stockholders according

to the proportionate interest of their

shareholding.

(a)  

A transnational or transitional corporation with headquarters in one country but with branch offices in both develop or developing countries.

• Ex. Jollibee, Coca-Cola, Philips, Sony,

Honda, Etc.

(a)  

a duly registered association of persons with

common bond of membership who voluntarily join together to attain common lawful social and economic ends by contributing equitably to the capital required and sharing the risks and benefits of the undertaking under a universally accepted cooperative principles.

• (Legal Basis – RA 9520 amending RA 6938)

(a)  

 membership

in cooperatives shall be open and available to all

individuals regardless of their social, political or

religious background who belong to a defined

common bond of membership, need the

services of the cooperative and pledge to

exercise the rights and comply with the

responsibilities of membership.

(a)  

the affairs of the

cooperative must be administered by

persons elected or appointed in a

manner agreed upon by members. All

have equal voting rights on a onemember-one-vote.

(a)  

business or service of

the coop shall be based on cost.

Mandated distribution on net surplus:

a) Not more than 10% for cooperative

education and training fund.

b) At least 10% for the general reserve

fund.

(a)  

members and the general public need to

continuously educated on both the

democratic and economic demands of

cooperation for self- reliance.

(a)  

the law provides that interest on share capital shall not exceed the normal rate of return on

investment so that net surplus can be

returned to members in the form of

patronage dividend to prevent or minimize

the exploitation of the poor by the rich.

(a)  

in order to best serve the interest of

their members and communities they

shall actively cooperate with other

coop at local, national or international

levels through their unions or

federations.

(a)  

The first successful cooperative was the

(a)  

was considered as the

father of cooperativism.

(a)  

was known as the

father of credit unions.

(a)  

Cooperative Code of the

Philippines

(a)  

Cooperative Development the agency of the government in charge in the registration regulation of coop in the Philippines.

(a)  

Cooperative Act of 2008. The

latest law promulgated regarding cooperative

movement in the Philippines.

(a)  

one which promotes thrift among its members and creates funds in order to grant loans for productive and provident purposes;

(a)  

the primary purpose of which is to procure and distribute commodities to members and nonmembers.

(a)  

one that undertakes joint production whether

agricultural or industrial;

(a)  

one which engages in the supply of production to members and markets their products;

(a)  

one which specializes in medical and dental care, hospitalization, transportation, insurance, housing, labor,electric light and power, communication or other services;

(a)  

one which combines 2 or more of the business activities of these different types of cooperatives.

(a)  

the members of which are

natural persons.

(a)  

the members of which are

primaries.

(a)  

the members of which are

secondary upward to one or more apex

organizations.

(a)  

one who is entitled

to all the rights and privileges of

membership.

(a)  

one who has no

right to vote, not to be voted upon, and

shall be entitled only to such rights and

privileges as the bylaws may provide.

(a)  

includes a

person either natural or juridical who

has been admitted by the cooperative

(a)  

mean the full membership of the cooperative duly assembled for the purpose of exercising

all the rights and obligations.

(a)  

the body entrusted with the management of the affairs of the cooperative

(a)  

any body entrusted with

specific functions and responsibilities

under the by laws or resolution of the

general assembly or the BOD

(a)  

a document containing the name of cooperative, its objectives, original

members their initial share capital.

(a)  

the rules of governance of

cooperative, its members and officers.

(a)  

the operative act of granting

juridical personality of a cooperative and is

evidenced by a Certificate of Registration.

(a)  

means the body of cooperative principles

adhered to worldwide.

(a)  

means line of business.

(a)  

means the capital contribution required of eah member of the cooperative for its business operation.

(a)  

means the profit of cooperatives.

(a)  

means acquisition

or utilization of the product or

service offered for sale.

(a)  

the proportionate

share of the member patron from the

net surplus.

(a)  

the total of the patronage refund plus the interest of all the share capital of a member

during a year.

(a)