Mme4 - Final Exam 2015
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This is the final exam of Cooperative Management.
- 1.
- A.
Chairman
- B.
BOD
- C.
General Assembly
- D.
None of the above
- 2.
- A.
Secretary
- B.
Chairman
- C.
Treasurer
- D.
None of the above
- 3.
- A.
Lawyers
- B.
Grievance
- C.
Credit
- D.
Audit
- 4.This question needs two or more answers: Which of the following are the advantages of Cooperatives?
- A.
Owned and controlled by members
- B.
Democratic control
- C.
Managed and authorized by the Board of Directors
- D.
Surplus earnings are distributed in proportion to capital contribted
- 5.
- A.
Ownership
- B.
Control
- C.
Beneficiary
- D.
Authority
- E.
Decision-making
- 6.A cooperative is a business enterprise that places __________ at the center of its activities.
- A.
Directors
- B.
People
- C.
Leaders
- D.
None of the above
- 7.Cooperatives are ________, _________ and _________ by members.
- A.
Owned
- B.
Managed
- C.
Patronized
- D.
Controlled
- E.
Operated
- 8.
- A.
BOD
- B.
General Assembly
- C.
Officers
- D.
Committees
- E.
LGU
- 9.
- A.
Elect, appoint or remove board of directors
- B.
Hear and pass upon the reports of coop officers
- C.
Approve coop developmental plans
- D.
None of the above
- 10.
- A.
Once
- B.
Twice
- C.
Once, but depends upon the necessity of calling the meeting Once, but depends the necessity of calling the meeting
- D.
Once, but depends on 10% of members calling the meeting
- 11.The power of the Board of directors are:
- A.
Exercise general supervision and control over coop affairs
- B.
Prescribe policies consistent with law, by-laws, resolutions of membership assembly
- C.
Elect or change board of directors
- D.
Approved committed reports during the assembly
- 12.
- A.
Manager
- B.
Treasurer
- C.
Secretary
- D.
Director
- E.
Committees
- 13.
- A.
Chairman
- B.
Secretary
- C.
Treasurer
- D.
None of the above
- 14.Once elected, who will automatically preside the Education Committee?
- A.
Chairman
- B.
Vice-Chairman
- C.
Manager
- D.
None of the above
- 15.Takes custody of all money, securities and papers of the coop.
- A.
Chairman
- B.
Treasurer
- C.
Secretary
- D.
None of the above
- 16.Membership is not forced and is open to everybody. This principle of Cooperatives is referred to as
- A.
Open and voluntary
- B.
Democratic member control
- C.
Autonomy and independence
- D.
Member economic participation
- 17.Equitable capital contribution and democratic control of capital. This principle of Cooperatives is referred to as
- A.
Open and voluntary
- B.
Democratic member control
- C.
Autonomy and independence
- D.
Member economic participation
- 18.Cooperatives are self-help organizations that limits government intervention. Members control its own affairs, rather than controlled by outside sources. This principle of Cooperatives is referred to as
- A.
Open and voluntary
- B.
Democratic member control
- C.
Autonomy and independence
- D.
Member economic participation
- 19.
- A.
Credit
- B.
Consumers
- C.
Producers
- D.
Marketing
- E.
Multi-purpose
- 20.
- A.
Share Capital
- B.
Revolving Capital
- C.
Producers
- D.
Loans
- E.
Multi-purpose
- F.
Subsidies and grants
- 21.
- A.
Contribute Capital
- B.
Patronize regularly the Coop's business
- C.
Promote the Coop purposes
- D.
Appoint Chairman and Manager
- E.
Collect loan fees and other charges
- F.
Participate in parliamentary affairs
- 22.
- A.
Failure to patronize the Coop services
- B.
Failure to continuously comply with the obligations
- C.
Did not participate in parliamentary affairs
- D.
Violation of the by laws
- 23.
- A.
Withdrawal
- B.
Failure to patronize the Coop's services
- C.
BOD majority vote
- D.
Death
- E.
Insanity
- 24.The amount of revenue recognized after certain operating expenses have been deducted.
- A.
Net surplus
- B.
Balance sheet
- C.
Operating expense
- D.
None of the above
- 25.If the net surplus is 150,000, using the 70-30 percent division of sharing, how much will go to the reserve fund?
- A.
4,500.00
- B.
45,000.00
- C.
15,000
- D.
150,000
- 26.If the net surplus is 100,000, 50-50 percent division of sharing, how much will go to the Optional fund?
- A.
2,000
- B.
5,000
- C.
25,0000
- D.
25,000
- 27.Mrs. Macabalegoten loaned and received a net amount of 50,000. If the term of the loan is twelve months, one time add-on service fee of 100.00 and add-on capital share buildup of 400.00, and with an interest rate of 1% per month, how much is her monthly amortization?
- A.
4,713.33
- B.
4,714.00
- C.
4,208.33
- D.
None of the above
- 28.A cooperative is requiring a service fee of 100.00 and ad-on capital share of 300.00 in every loan applied. For example, if the principal loan amount applied by the member is 50,000, only 49,500 is released. However computing the monthly payment with interest is based from the principal loan amount. If a loan is termed at 4 months and monthly payment is 1,325.00, how much is its principal amount?
- A.
53,000.00
- B.
5,300.00
- C.
530.00
- D.
None of the above
- 29.Ten (10) members contributed cash as a capital share in the amount of 80,000. A member loaned with a principal amount of 10,000, service fee is 100.00 and capital build-up is 400.00 deducted from the principal amount. Interest rate is 1.5 percent payable for twelve months. Expenses were incurred in the amount of 5,000.00. If the loan is fully paid in six months, how much is the current cash of the Cooperative?
- A.
77,300.00
- B.
82,300.00
- C.
75,000.00
- D.
None of the above
- 30.
- A.
1%
- B.
1.5%
- C.
2%
- D.
None of the above
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