|
Instructor's
Key for Quiz 3 - The Structure of Cooperatives
1. List three of the five
areas that classify cooperative structure
(Students
should have two out of the following):
a)
Financial structure
b)
Geographic area served
c)
Governance or control structure
d)
Functions performed
e) Other
structural arrangements
2. List the two
types of financial structures for cooperatives.
a) Stock
cooperatives
b)
Nonstock cooperatives
3. From the list on
the right, place the proper letter under the correct heading that
identifies the structural classification for each category.
|
1)
Geographic
area: a, d, f, i
2) Governance or
control: b, g, j
3) Functions
performed: c, e, h
|
a)
Regional
b) Centralized
c) Marketing
d) Interregional or
national
e) Supply
f) Local
g) Combination
h) Selected service
i) International
j) Federated
|
4. Match the
definition below (letters) with the correct structural arrangement
listed.
__a__
Subsidiary
__e__ Contract agent
__b__ Joint
venture
__d__
Private dealers
__f__ Marketing agency in
common
__c__ 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 adds value to raw
products.
b)
Membership in a new generation cooperative is closed or finite.
c) Membership shares can appreciate or depreciate
and can be traded.
|