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Quiz 3 Answers
1. List three of the five areas that
classify cooperative structure
(Students should have
three 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.
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1) Geographic area: a,
d, f, i
2) Governance or control: b, g, j
3) Functions performed: c, e, h
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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.
__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.
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