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Quiz 5
1. List the three overall
responsibilities of a member in a cooperative.
a)
b)
c)
2. Write YES in front of five
member responsibilities in a cooperative.
_____ a) Understand the cooperative
_____ b) Staff the cooperative
_____ c) Select and evaluate directors
_____ d) Help obtain new members
_____ e) Report to the board of directors
_____ f) Adopt legal papers
_____ g) Carry out employee performance evaluations
_____ h) Provide necessary financial capital
3. In the following list,
write YES in front of statements that describe responsibilities of
cooperative directors.
(Hint: There should be six yeses.)
_____ a) Adopt long-range/strategic plans
_____ b) Staff the cooperative
_____ c) Approve distribution of equities
_____ d) Direct the day-to-day business activities
_____ e) Employ a competent manager
_____ f) Appoint an outside auditing firm
_____ g) Carry out performance evaluations of employees
_____ h) Decide on the distribution of the cooperative's net earnings
_____ i) Require that accurate accounts and
records be kept
_____ j) Decide on what employees will be used to carry out cooperative
strategic plans
4. True/False: write true or false
in front of each statement.
_____ 1. Members approve or hire all
cooperative employees.
_____ 2. The board chair is elected by the members.
_____ 3. All members in good standing may vote in director selection.
_____ 4. Directors hire all cooperative employees.
_____ 5. The board chair is elected by the directors.
_____ 6. All co-op directors are co-op members.
_____ 7. All problems have only one correct solution.
_____ 8. A good director will support the cooperative with all of
their business.
_____ 9. A strong political affiliation is important for a director.
_____ 10. Any member in good standing could be elected as a director.
5.
Write a short
paragraph stating what you, as a cooperative director, would be responsible
for.
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