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Quiz
3
- The Structure of Cooperatives
Name
___________________________________________ Date _______________
1. List two
ways that cooperative structure is classified:
a) ____________________________________________________
b) ____________________________________________________
2. List the two
types of financial structures for cooperatives.
a) ____________________________________________________
b) ____________________________________________________
3. From the list on
the right, place the proper letter under the correct heading that
identifies the structural classification for each category.
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1)
Geographic
area
2) Governance or
control
3) Functions
performed
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a)
Regional
b) Centralized
c) Marketing
d) Interregional or
national
e) Supply
f) Local
g) Combination
h) Selected service
i) International
j) Federated
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4. Match the
definition below (letters) with the correct structural arrangement
listed.
_____
Subsidiary
_____
Contract agent
_____
Joint
venture
_____
Private dealers
_____
Marketing agency in
common
_____
Holding company
a)
Corporation organized, owned, and controlled either directly or through
trustees by a parent cooperative.
b)
Association of two or more participants, persons, partnerships,
corporations, or cooperatives to carry on a specific
economic
operation, enterprise, or venture.
c) A
corporate entity with a controlling ownership in one or more operating
companies.
d) As a
franchise, this person keeps the records. If the franchise makes
money, and pays patronage refunds, these go to the patrons,
and
the individual is paid a commission on sales.
e) A county
or community cooperative may organize, owning nothing but contracts,
and pays money to hire an agent to handle the goods
and
keep records. Patronage refunds are paid on the basis of records
turned over.
f) Organized
by two or more marketing cooperatives to market the output of member
cooperatives.
5.
Characteristics of new generation cooperatives: (fill in the blanks)
a) A new generation cooperative _______ _______ to
raw products.
b)
Membership in a new generation cooperative is _________.
c) Membership shares can ____________ or
_____________ and can be _____________.
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