COOP Lesson 4

The first board of directors of a new cooperative is usually elected from its ____.

____ were engaged in marketing & bargaining.

The net business volume for all cooperatives amounted to _____ billion in 2015.

True/False-Most cooperatives operate on a one member one vote policy.

When members of a cooperative unite to get quality supplies at the right time.

___ is the net worth of a business in accounting terms.

According to the USDA, there are ____ COOPs in the US in 2015.

Members of a cooperative exercise their control by ___.

____ coops were categorized as farmer supply cooperatives.

There were ____ service cooperatives.

The portion of net margins kept by the cooperative is referred to as _____.

California had ____ cooperatives headquartered here in 2015.

Cooperative are owned by their _____.

There were _____ cooperative members in California in 2015.

Net margins can be returned to the cooperative members as _____ at end of fiscal year.

Short term needs of a cooperative are met by _____.

California had a net business volume of ____ billion in 2015.

T/F-Producers commonly belong to more than one cooperative.

___ ,retained patronage earnings, & per-unit retains are the primary means for capital to coop.

A cooperative's earnings from member business is referred to as ___.