Cooperatives: Code Quiz

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Test your knowledge of cooperative rules.

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Wenelyn

Philippines

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Cooperatives: Code Quiz


Cooperatives: Code QuizVersion en ligne Test your knowledge of cooperative rules. par Wenelyn 1 Cooperatives are prohibited from forming subsidiaries or joining federations under any circumstances. Yes No 2 A cooperative may establish and operate cooperative banks, insurance, and agricultural processing enterprises as per the code. Yes No 3 A prospective member of a primary cooperative must have completed a Pre-Membership Education Seminar (PMES). Yes No 4 Articles of cooperation may be filed without notarization or acknowledgment. Yes No 5 A cooperative may permanently fix prices for all members to ensure universal profit without regard to market conditions. Yes No 6 The primary objective of a cooperative includes providing goods and services to increase members' income, savings, and purchasing power. Yes No 7 A federation of cooperatives may coordinate and facilitate the activities of its member cooperatives. Yes No 8 A cooperative’s paid-up share capital cannot be increased beyond the initial amount set at registration. Yes No 9 The authority may approve registration after sixty days if the Authority is delayed beyond the 60-day period for reasons attributable to the Authority. Yes No 10 Cooperatives cannot use new technologies; they must operate only with traditional methods. Yes No 11 A cooperative’s term of existence is not to exceed fifty (50) years unless extended by amendment to the articles of cooperation. Yes No 12 A cooperative registered under this Code acquires juridical personality from the date the Authority issues a certificate of registration. Yes No 13 A cooperative may be organized for the purpose of encouraging thrift and savings mobilization among its members. Yes No 14 A cooperative union’s sole purpose is to regulate prices for member cooperatives. Yes No 15 The articles of cooperation must set forth the name of the cooperative, its purpose, term, area of operation, and other essential details. Yes No 16 Bylaws must include a conciliation or mediation mechanism for amicable settlement of disputes among members and officers. Yes No 17 A cooperative may divide itself into two or more cooperatives by a resolution approved by three-fourths of all the members with voting rights. Yes No 18 A primary cooperative may be registered without any required PMES or education for its prospective members. Yes No 19 A federation of cooperatives cannot publish or circulate any newspaper or publication. Yes No 20 The Constitution and public policy are not applicable to bylaws when adopting them. Yes No

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Cooperatives: Code Quiz

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Cooperatives: Code QuizVersion en ligne

par Wenelyn

Cooperatives are prohibited from forming subsidiaries or joining federations under any circumstances.

A cooperative may establish and operate cooperative banks, insurance, and agricultural processing enterprises as per the code.

A prospective member of a primary cooperative must have completed a Pre-Membership Education Seminar (PMES).

Articles of cooperation may be filed without notarization or acknowledgment.

A cooperative may permanently fix prices for all members to ensure universal profit without regard to market conditions.

The primary objective of a cooperative includes providing goods and services to increase members' income, savings, and purchasing power.

A federation of cooperatives may coordinate and facilitate the activities of its member cooperatives.

A cooperative’s paid-up share capital cannot be increased beyond the initial amount set at registration.

The authority may approve registration after sixty days if the Authority is delayed beyond the 60-day period for reasons attributable to the Authority.

Cooperatives cannot use new technologies; they must operate only with traditional methods.

A cooperative’s term of existence is not to exceed fifty (50) years unless extended by amendment to the articles of cooperation.

A cooperative registered under this Code acquires juridical personality from the date the Authority issues a certificate of registration.

A cooperative may be organized for the purpose of encouraging thrift and savings mobilization among its members.

A cooperative union’s sole purpose is to regulate prices for member cooperatives.

The articles of cooperation must set forth the name of the cooperative, its purpose, term, area of operation, and other essential details.

Bylaws must include a conciliation or mediation mechanism for amicable settlement of disputes among members and officers.

A cooperative may divide itself into two or more cooperatives by a resolution approved by three-fourths of all the members with voting rights.

A primary cooperative may be registered without any required PMES or education for its prospective members.

A federation of cooperatives cannot publish or circulate any newspaper or publication.

The Constitution and public policy are not applicable to bylaws when adopting them.