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Quiz 2
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) Rochdale
Principles and Practices (circle the correct 12):
1) Voting by members on a democratic basis.
2) Membership is closed.
3) Return on equity capital is limited.
4) Assume no unusual risk.
5) Membership is open.
6) Duty to educate.
7) Equity is borrowed from a bank.
8) Net earnings are distributed to patrons as refunds on a cost basis.
9) Political/religious neutrality.
10) Equity is provided by patrons.
11) Women only as patrons.
12) Cash trading only.
13) Equity ownership share of individual patrons is limited.
14) Equality of the sexes in membership.
15) Exchange of goods and services at market prices.
b) The Rochdale pioneers were associated with what country?
_______________________
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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