Mme4 - Final Exam 2015

30 Questions | Total Attempts: 297

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Management Quizzes & Trivia

This is the final exam of Cooperative Management.


Questions and Answers
  • 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

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