Which of Ag coops listed below is the oldest?

California Wool Growers Association

Depending on the type of commodity, pool may operate on a:

Weekly, monthly, or annual basis

United States Department Of Agriculture

The origin of the modern cooperative is generally associated with:

Rochdale Equitable Pioneer's Society

What is CCPA stand for?

California Canning Peach Association

Patronage is defined as:

Commerce done with, or on behalf of, the members of Coop

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Co-op practice

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Questions 102

Answers

1
Starting new cooperative, Articles of Incorporation must be filed with Department of food & Ag
False
True
2
Ag coops r classified accord to geographic area they serve, membership type & business function
True
False
3
By joining a cooperative, producer expect to gain clout in the marketplace.
False
True
4
The earliest American Ag cooperative started with small unincorporated organization around 1775
True
False
5
Free competition results in a natural balance between supply and demand.
True
False
6
Which is a primary way for producers to provide equity to their cooperative?
Direct investment by members
Single tax breaks by members
All of the Above
Non-stock options
7
Small number of cooperatives pay interest to their members on revolving fund credits most don't
True
False
8
Refers to the activities necessary to get a product from the farm to the consumer
Marketing
Service
Supply
Bargaining
9
When "volume voting" is authorized there are no limits placed on the number of other votes
False
True
10
Which of Ag coops listed below is the oldest?
Calcot, Ltd.
California Wool Growers Association
California Cattlemen's Association
Sunkist Growers, Inc.
11
Several of today's important cooperatives can be traced back to the early
Agricultural Council of America
Farm Bureau Organization
National FFA Organization
Grange Organization
12
Farm Credit System
Marketing
Supply
Service
Bargaining
13
Before forming a producers cooperative, the first question to ask is:
"Do we have enough money?"
None of the Above
"Do we need a lawyer?"
"Why?"
14
All cooperatives adhere to the "one member, one vote" rule.
True
False
15
Blue Diamond Growers and Sun-Maid Growers are examples of federated cooperatives.
True
False
16
Usually does not take possession of products, or process, or distribute them
Service
Supply
Marketing
Bargaining
17
Fundamental reasons for forming an AG cooperative are the same today as they were 150 years ago
True
False
18
Before forming a producers cooperative, the first question to ask is:
"Do we need a lawyer?"
"Why?"
None of the above
"Do we have enough money?"
19
Depending on the type of commodity, pool may operate on a:
Weekly, daily, or annual basis
Weekly, annual, or daily basis
Daily, weekly, or monthly basis
Weekly, monthly, or annual basis
20
Market pool eliminate need for divid account & handle member lot after the initial grade & pool
True
False
21
The private enterprise system can suffer from:
Monopolies
All of the above
Overproduction
Abusive Practices
22
"Equity" is the net worth of a business in accounting terms
True
False
23
The earliest forms of cooperatives can be traced back to ancient Egypt around:
3000 B.C.
1000 B.C.
10 A.D.
2016
24
Large # of supply coops in CA, one of which is San Luis Obispo County Farm Supply Company.
False
True
25
Cooperative may be termed local, regional or American, depending on the area they serve.
False
True
26
Members are vital to sign market contracts with coops represent a bind contact among 2 parties.
True
False
27
Retains are always in proportion to a members patronage of the cooperative.
True
False
28
California Planting Cotton Seed Distributors (CPCSD) was founded in:
1936
None of the Above
1945
1929
29
The USDA stands for:
United States Department Of Agriculture
None of the Above
United States Division of Accounting
United States Division of Subsidies
30
CA Ag direct/indirect support million job & account for about 16% of state total gross product
True
False
31
The largest bargaining cooperative is the Farm Credit System.
False
True
32
It is very unusual for a cooperative to have a waiting list of producers seeking membership.
True
False
33
Cooperatives usually engage in one of four functions: marketing, bargaining, supply or service
False
True
34
Blue Diamond is a cooperative famous for selling walnuts.
False
True
35
The origin of the modern cooperative is generally associated with:
London Insurance of Houses from loss by fire
Paris Society of Mutual Insurance
None of the above
Rochdale Equitable Pioneer's Society
36
Ag coops headquartered in CA totaled 278 in year 2000
True
False
37
Today the cooperative, which markets nearly half the citrus grown in CA & AZ is known as:
None of the above
Sunsweet Growers
Sun-Maid Growers
Sunkist Growers
38
The private enterprise system can suffer from:
Overproduction
Monoplies
Abusive practices
All of the above
39
Cooperatives in CA succeed in general because of:
Both A & B
Strong membership and sound operating policies
Good planning & strong management
None of the Above
40
What is CCPA stand for?
Colorado Canning Peach Association
California Canning Peach Association
None of the above
California Counting pears Association
41
By joining a cooperative, producers expect to gain clout in the marketplace.
True
False
42
Coops mostly engage in one of 4 basic function. Include supply, bargain, market & recruitment
False
True
43
40.3% of all cooperatives members are in _________ cooperatives.
Purchasing(supply)
Marketing or bargaining
Service
None of the Above
44
The First American Cooperative is believed to be:
Benjamin Franklin served as chairman of board of Directors
Mutual insurance company
Organized in 1752
All of the above
45
Corporation's article of incorporation is a legal doc describes kind of business it may conduct
False
True
46
Several of today's important cooperatives can be traced back to the early
Grange Organization
Farm Bureau Organization
Agricultural Council of America
National FFA Organization
47
Patronage is defined as:
Both A&B
None of the Above
Commerce done with, or on behalf of, the stockholders
Commerce done with, or on behalf of, the members of Coop
48
Which is considered an economic ill the American private free enterprise system can suffer from
Inflation & Recession
All of the Above
Severe Unemployment & Abusive Practices
Overproduction & underproduction
49
it is uncommon for cooperatives to buy raw commodities from outside the membership.
False
True
50
Well informed leaders who use Research and statistics
Marketing
Supply
Bargaining
Service
51
Which is a gov agency or private service organization a producer coop would come contact with
None of the Above
Ag Council of CA
Farmer Monopoly Association
Federated Farm Cooperative Bank
52
Ability to influence the outcome of the price-making process
Supply
Marketing
Bargaining
Service
53
Depreciation is account method use to record increase in value of a long-lived asset over time
True
False
54
CCPA is CA's oldest cooperative bargaining organization.
True
False
55
The Exploring Farmer Coops booklet, coops enable producers to increase their net income by
Increasing farm production costs
Saturating the marketplace with their product
selling their product at the lowest possible price
None of the Above
56
What factors are involved in a capital revolving fund?
Amount withheld per unit
All of the Above
Total amount of capital required
Volume marketed or purchased
57
In 1923 Congress made 12 Federal Intermediate Credit Bank for short & Intermediate term funds
True
False
58
The fundamental reason for forming an agricultural cooperatives is:
Limiting government restrictions
Reducing member state and federal tax burden
Sufficiently urgent economic need
None of the Above
59
Approximately 55.7% of cooperative members were in purchasing(supply) cooperatives in the USA.
False
True
60
Make use of volume discount and acquisition opportunities
Supply
Marketing
Bargaining
Service
61
Agriculture is a multi-million dollar industry in California.
False
True
62
All cooperatives adhere to the "one member, one vote" rule.
True
False
63
Sunsweet Growers Inc.
Bargaining
Supply
Service
Marketing
64
Ag is a multi-million dollar industry in CA
False
True
65
in a centralized cooperative, the members are individual farming operations.
True
False
66
The members of federated cooperatives are other cooperatives.
True
False
67
Largest bargaining cooperative is the Farm Credit System.
True
False
68
In general, pool payment schedules are divided into four categories based on timing.
False
True
69
Ag Cooperatives are often called associations.
False
True
70
Cooperatives may be termed local, regional or American, depending on the area the serve.
False
True
71
Agricultural cooperatives headquartered in California totaled 278 in the year 2000.
False
True
72
First American Cooperatives is believed to be:
Benjamin Franklin is first chairman of the board of Director
All of the above
A mutual insurance company
Organized in 1752
73
The origin of the modern cooperative is generally associated with:
Rochdale Equitable Pioneer's Society
Paris Society of Mutual Insurance
London Insurance of House from loss by fire
None of the above
74
The American private enterprise system is based on freedom
True
False
75
As in other states, many producers in CA belong to two or more cooperatives.
True
False
76
Blue Diamonds Growers and Sun-Maid Growers are examples of federated cooperatives.
True
False
77
Sunsweet Growers is the world's largest marketer of dried plums and prune juice.
False
True
78
According to US Department of Ag, there were _____ Ag coops in the nation in 2000:
3,346
None of the Above
346
33,460
79
It is very unusual for a cooperative to have a waiting list of producers seeking membership.
True
False
80
"Value Added" is the increase in value of a good at each stage of production.
True
False
81
Depending on the type of commodity, pools may operate on a:
Weekly, annual, or daily basis
Daily, weekly, monthly basis
Weekly, monthly, or annual basis
Weekly, daily, or annual basis
82
The "Exploring Farmer Cooperatives" booklet is published by Ag Credit Bank
True
False
83
Sunsweet Growers is the world's largest marketer of dried plums and prune juice.
True
False
84
As in other states, many producers in CA belong to 2 or more cooperatives.
True
False
85
These associations provide unique services related to the business operations of farming
Marketing
Supply
Bargaining
Service
86
In a cooperative, direct investment by members represents only a minor source of equity.
False
True
87
Agricultural cooperative are often called associations.
False
True
88
Cooperatives are designated according to membership as:
None of the above
Federated, Centralized, or Independent
Centralized, Mixed, or Independent
Federated, Centralized, or Mixed
89
It is uncommon for cooperatives to buy raw commodities from outside the membership.
True
False
90
The members of federated cooperatives are other cooperatives.
False
True
91
Some low-profit grocery stores charge food process companies a slotting fee to carry their item
True
False
92
California was fifth in cooperative net business volume with $7.8 billion in 1999
True
False
93
4 Farm Credit Bank provide lend capital to 3 Production, 15 Fed. Land, 80 Ag Credit Association
False
True
94
Which is not a factor involved in a capital revolving fund?
Total amount of capital required
None of Above
Government regulations limiting production
Volume marketed or purchased
95
Retains are always in proportion to a members patronage of the cooperative.
True
False
96
Relatively few of these types of Cooperatives in CA
Service
Supply
Marketing
Bargaining
97
The "Exploring Farmer Cooperatives" booklet is published by the Agricultural Credit Bank.
True
False
98
In terms of membership type, cooperatives are designated as:
Centralized
National
None of the Above
Regional
99
Give members greater control over their crops
Supply
Marketing
Service
Bargaining
100
In a cooperative, direct investment by members represents only a minor source of equity.
False
True
101
Small number of coops pay interest to their members on revolving fund credits, most do not.
True
False
102
The earliest forms of cooperatives can be traces back to ancient Egypt around:
7000 B.C.
6000 B.C.
3000 B.C.
1000 B.C.

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