Mme4 - Final Exam 2015
This is the final exam of Cooperative Management.
- 1.Which of the following is the highest governing body in Cooperatives?
- A.
Chairman
- B.
BOD
- C.
General Assembly
- D.
None of the above
- 2.Who calls the order of quorom in the general assembly?
- A.
Secretary
- B.
Chairman
- C.
Treasurer
- D.
None of the above
- 3.What committee that is responsible for the settlement of conflicts among members?
- 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.Which of the following are three basic interests found in Cooperatives?
- 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.Which of the following are the governing bodies of Cooperatives?
- A.
BOD
- B.
General Assembly
- C.
Officers
- D.
Committees
- E.
LGU
- 9.Which of the following are the roles of Board of Directors?
- 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.How many times general assembly can be done in a year?
- 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.What position that the Board of Directors can appoint?
- A.
Manager
- B.
Treasurer
- C.
Secretary
- D.
Director
- E.
Committees
- 13.Who presides board and member meetings?
- 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.Which of the following are types of Cooperatives?
- A.
Credit
- B.
Consumers
- C.
Producers
- D.
Marketing
- E.
Multi-purpose
- 20.Which of the following is the capital structure of Cooperatives?
- A.
Share Capital
- B.
Revolving Capital
- C.
Producers
- D.
Loans
- E.
Multi-purpose
- F.
Subsidies and grants
- 21.What are the duties of a Coop member?
- 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.When can the BOD vote to terminate members?
- 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.When can a member be automatically terminated?
- 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
Questions: 10 | Attempts: 33934 | Last updated: Nov 24, 2021
-
Sample QuestionWhat are the types of managers associated with specific areas within the organization? (Select all that apply)
Questions: 10 | Attempts: 19131 | Last updated: Oct 25, 2021
-
Sample QuestionCPM is:
Questions: 29 | Attempts: 18818 | Last updated: Dec 9, 2021
-
Sample QuestionYou can classify that a child aged 2 years has fast breathing if he has a respiratory rate of _________.
Back to top