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Quiz
2:
Cooperative
Business Principles
Name
___________________________________________ Date _______________
1. Describe
in your own words what the following principles mean.
a)
Service
at cost:
_______________________________________________________________________
______________________________________________________________________________________
b)
Financial
obligation and benefits proportional to use:
_______________________________________________________
______________________________________________________________________________________
c)
Limited
return on equity capital:
___________________________________________________________
______________________________________________________________________________________
d)
Democratic
control:
____________________________________________________________________
______________________________________________________________________________________
2. The three
contemporary cooperative principles that distinguish a cooperative
business from other business forms in the United States are
(complete
with
one word answer)
a)
User-____________
b)
User-____________
c)
User-____________
3. From the
list below, identify by number the original 12 features that are known
as the "Rochdale Principles and practices."
a)
Please
mark IS or IS NOT in the table below.
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IS a Rochdale
Principle
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IS NOT a Rochdale
Principle
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| 1) Voting by members on a democratic basis.
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| 2) Membership is closed. |
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| 3) Return on equity capital is limited. |
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| 4) Assume no unusual risk. |
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| 5) Membership is open. |
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| 6) Duty to educate. |
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| 7) Equity is borrowed from a bank. |
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| 8) Net earnings are distributed to patrons as
refunds on a cost basis. |
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| 9) Political/religious neutrality. |
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| 10) Equity is provided by patrons. |
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| 11) Women only as patrons. |
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| 12) Cash trading only. |
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| 13) Equity ownership share of individual
patrons is limited. |
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| 14) Equality of the sexes in membership. |
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| 15) Exchange of goods and services at market
prices. |
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b)
The
Rochdale pioneers were
associated with what country? Circle one: Japan
England
Australia
Canada
4. How many principles
are listed in the International Cooperative Alliance (ICA) statement of
cooperative identity?
a. _______
b. Name one of the ICA principles that
most significantly differs from the Rochdale,
traditional,
and
contemporary cooperative
principles
that
were discussed.
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