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Quiz 3
1. List three of the five
areas that classify cooperative structure.
a)
b)
c)
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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