Located at 1225 H Street, Sacramento, California

Agricultural Council of California

Test taking strategies....of the following, which are the most important?

Check if questions answer other questions, Read every answer, Double check your answers, DO NOT RUSH

Patronage is defined as

Commerce done with, or on behalf of, the members

In the list below which is not a function of the Agriculture Council of California

Assists its members to stabilize markets

Test taking strategies...of the following, which are the most important?

Skip & go back, do not spend all of your time on 1 question, STUDY! STUDY! STUDY! STUDY! STUDY! STUDY!, Label everything, detail, EXPLAIN, Process of elimination

The First American Cooperative is believed to be

A mutual insurance company, Organized in 1752, Benjamin Franklin served as first chairman of the Board of Directors

The First American Cooperative is believed to be

A mutual insurance company, Ben Franklin as first chairman of the board of directors, Organized in 1752

To more nearly tailor production to plant capacity and consumer preferences, cooperatives are:

Adopting rigid membership requirements

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CoOp Marketing

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Questions 101

Answers

1
All CoOp members are entitled to receive an annual accounting of their CoOp operations
False
True
2
The "Exploring Farmer Cooperatives booklet is published by the Agricultural Credit Bank
True
False
3
Free competition seldom results in a natural balance between supply and demand
true
false
4
Approves or rejects amendments to bylaws
Cooperative Members
Hired Management
Board of Directors
5
Well informed leaders who use Research and statistics
Supply
Bargaining
Marketing
Service
6
The averaging of net returns to producers during a specific interval of time is
Bargaining
Pooling
Retains
Progress Payments
7
Located at 1225 H Street, Sacramento, California
National Cooperative Business Association
National Cooperative Bank
Agricultural Council of California
National Council of Farmer Cooperatives
8
The Copper Volstead Act was passed by congress to protect CoOps against antitrust law suits
True
False
9
Nonpatronage income is generated by business activity that does not directly serve the members
true
false
10
Give members greater control over their crops
Service
Bargaining
Marketing
Supply
11
Determines cooperatives business strategies and broad policies
Cooperative Members
Board of Directors
Hired Management
12
Pools are designed to be as fair as possible to all participants
True
False
13
In terms of membership type, cooperatives are designated as
National
Regional
none of these
Centralized
14
According to the USDA, there were ( ) agricultural cooperatives in the nation in 2000
33,460
3,346
none of these
346
15
Test taking strategies....of the following, which are the most important?
Check if questions answer other questions
Read every answer
Double check your answers
DO NOT RUSH
16
Centralized cooperatives consist of corporate farming operations
true
false
17
Ca Ag directly/indirectly supports over 1 million jobs for about 6% of the total gross product
True
False
18
Empty question
Service
Supply
Bargaining
Marketing
19
The California Planting Cotton Seed Distributors (CPCSD) was founded in
1945
none of these
1929
1936
20
Patronage is defined as
Commerce done with, or on behalf of, the stockholders
Both of them
Commerce done with, or on behalf of, the members
neither of them
21
In the list below which is not a function of the Agriculture Council of California
Assists its members to stabilize markets
Conducts education programs for its members
Condus\cts education programs for youth
Works in state leg affecting agriculture
22
Prepares annual budget
Cooperative Members
Hired Management
Board of Directors
23
The largest service CoOp is the farm credit system
False
True
24
Farm Credit System
Bargaining
Service
Supply
Marketing
25
Test taking strategies...of the following, which are the most important?
Skip & go back, do not spend all of your time on 1 question
STUDY! STUDY! STUDY! STUDY! STUDY! STUDY!
Label everything, detail, EXPLAIN
Process of elimination
26
Which of the ag-cooperatives formed prior to 1900 is still serving producers today
California Cattlemen's Assoc.
Raisin City Growers United
California Wool Growers Assoc.
Sunsweeet Growers, Inc.
27
Provides expert advice for long-range planning
Cooperative Members
Board of Directors
Hired Management
28
In a centralized cooperative, the members are individual farming operations
true
false
29
The First American Cooperative is believed to be
A mutual insurance company
Organized in 1752
Benjamin Franklin served as first chairman of the Board of Directors
none of them
30
The First American Cooperative is believed to be
A mutual insurance company
Ben Franklin as first chairman of the board of directors
Organized in 1752
none of these
31
CoOps are subject to double taxation for income purposes.
False
True
32
Like all industries, Ca agribusiness must adapt to changing consumer needs
True
False
33
Refers exclusively to marketing functions of farmer CoOps and not including purchasing funct.
The Robinson Patman Act
The Ag Marketing Act
The Capper-Volstead Act
The CoOp Marketing Act
34
Relatively few of these types of cooperatives in California
Service
Supply
Marketing
Bargaining
35
The American private enterprise system is based on Democracy
True
False
36
"Value Added" is the increase in the value of a good at each stage of production
true
false
37
In a centralized cooperative, the members are individual farming operations
true
false
38
Make use of volume discount and acquisition opportunities
Marketing
Supply
Bargaining
Service
39
California cooperatives had over 50,000 members in 1999
true
false
40
Depending on the type of commodity, pools may operate on a
Daily, weekly, or monthly basis
Weekly, annual, or daily basis
Weekly, daily, or annual basis
Weekly, monthly, or annual basis
41
A credit union is a non-ag cooperative
True
False
42
Cooperatives in California succeed in general because of
Strong membership and sound operating policies
Good planning & strong management
both of these
43
Refers to the activities necessary to get products from the farm to the consumer
Supply
marketing
Service
Bargaining
44
Today the cooperative, which markets nearly half the citrus in California/Arizona is known as
Sunsweet Growers
None of these
Sun-Maid Growers
Sunkist Growers
45
Decides cooperatives operating policy
Cooperative Members
Board of Directors
Hired Management
46
Retained patronage earnings and per unit retains are usually returned to producers.
Pool payments
Revolving Capital Funds
Equity Capital
Progress payments
47
The American private enterprise system is based on freedom
true
False
48
The Marketing Act (1926) authorized the Dept.of Ag to provide tech support to CoOps
False
True
49
Marketing refers to the activities necessary to get a product from the farm to the consumer
false
true
50
Empty question
Empty choice
Empty choice
51
Which is considered an economic ill the american private free enterprise would suffer from
Overproduction and underproduction
Severe Unemployment & Abusive Practices
Inflation & Recession
All of these
52
What factors are involved in a capital revolving fund
The amount withheld per unit
The total amount of capital required
all of these
The volume marketed marketed or purchased
53
To more nearly tailor production to plant capacity and consumer preferences, cooperatives are:
Doing more market research
Adopting rigid membership requirements
Purchasing some products from non-members
Advertising and using brand names
54
In the economic equation, buyers create "supply" and producers are the creators of demand
false
true
55
Defined Cooperative associations which are eligible to borrow from a bank for Cooperatives
The Ca Marketing Act
The Cooperative Marketing Act
The Agricultural Marketing Act
None of The Above
56
Approximately 55.7% of all cooperative members are in ( )
none of the above
Service
Purchasing (supply)
Marketing or bargaining
57
Usually does not take possession of products, or process, or distribute them
Marketing
Bargaining
Service
Supply
58
Blue Diamond is a cooperative famous for selling walnuts
false
true
59
Formed in 1971, Pacific Coast Producers (PCP) is
Headquartered in Lodi, CA
Premeir supplier of high-quality private label products
All of the above
Home to 160 members
60
Cooperative income derived from non-member or non patronage business is becoming a source of
Dividends
Equity Capital
Value added services
Per unit retains
61
The earliest forms of cooperatives can be traced back to ancient Egypt around
1000 B.C.
7000 B.C.
3000 B.C
6000 B.C.
62
Sunsweet Growers Inc.
Marketing
Service
Supply
Barganing
63
A credit union is a non-ag cooperative
false
true
64
Centralized CoOps consist of corporate Farming operations.
False
True
65
Free competition seldom results in a natural balance between supply and demand.
True
False
66
Most anthropologists believe that civilization is actually an out-growth of agriculture
true
false
67
Businesses are classified by their ownership. Which is not one of the basic types of ownership
Partnerships
General business corps
Limited Asset & Liability Corps
None of the above
68
"Equity" is the net worth of a business as opposed to the market value if a business were sold.
True
False
69
As cooperatives grow, the members:
None of the above
Take their product elsewhere to get a better price
Withdraw their patronage refunds
Can lose their sense of connection and ownership
70
Which is a primary way for producers to provide equity to their cooperative
Non-stock options
Single tax breaks by members
Direct Investment by members
all of these
71
The earliest forms of cooperatives can be traced back to ancient Egypt around 3000 B.C
True
False
72
Sponsors highly specialized, up-to-date education for directors of members cooperatives
National Council of Farmer Cooperatives
National Cooperative Bank
Agricultural Council of California
National Cooperative Business Association
73
Non patronage income is generated by business activity that doesn't directly serve members
False
True
74
Wholesale is the sale of goods directly to the consumers
False
True
75
The primary disadvantage of partnership is; requiring effective teamwork/compatability
False
True
76
Founded in 1916 and is a trade association which represents cooperatives in all industries
National Council of Farmer Cooperatives
Agricultural Council of California
National Cooperative Business Association
National Cooperative Bank
77
Cooperatives are designated according to membership as
None of these
Centralized, Mixed,or Independent
Federated, Centralized, or Mixed
Federated, Centralized, or Independent
78
The private enterprise system can suffer from:
All of the above
Abusive practices
Monopolies
Overproduction
79
Before forming a producers cooperative, the first question to ask is
"Do we have enough money?"
"Do we need a lawyer?"
none of these
"Why?"
80
Which is not a characteristic of an ag coperative
Democratically controlled and owned by its members
Provides services at no cost to its members
none of these
A producer-created business
81
When starting a new cooperative, the Articles of Incorporation must be filed with the USDA
True
False
82
Defined cooperative associations which are eligible to borrow from a Bank for Cooperatives.
The Cooperative Marketing Act
The California Marketing Act
None of the above
The Agricultural Marketing Act
83
Which of the agricultural cooperatives listed below is the oldest
California Cattlemen's Association
Calcot, Ltd.
Sunkist Growers, Inc.
California Wool Growers Association
84
Approximately 40.3% of all cooperative members are in ( ) cooperatives
Service
Marketing or barganing
Purchasing (supply)
none of these
85
The USDA stands for
United States Department of Agriculture
United States Division of Accountng
United States Division of Subsidies
none of these
86
The earliest California ag cooperative was Sunkist Growers, Inc. which was formed in 1893
true
false
87
The department of Farm Credit System started with:
The Federal Land Bank Act
The Ag Credit Act of 1910
The Federal Farm Loan Act 1916
Federal Intermediate Credit Act
88
Which is not a factor involved in a capital revolving fund
The total amount of capital required
Government regulations limiting production
The volume marketed or purchased
None of these
89
In 1923 Congress Created 12 Fed.LandBanks for the purpose to provide short term operating funds
False
True
90
The fundamental reason for forming an agricultural cooperatives is
Limiting government restrictions
A sufficiently urgent economic need
none of these
Reducing member state and federal tax burden
91
The origin of the modern cooperative is generally associated with
Paris Society of Mutual Insurance
London Insurance of Houses from loss by fire
none of these
Rochdale Equitable Pioneer's Society
92
These associations provide unique services related to the business operations of farming
Service
Bargaining
Supply
Marketing
93
Several of today's important cooperatives can be traced back to the early
Farm Bureau Organization
Agricultural Council of America
National FFA Organization
Grange Organization
94
According to the USDA there are 3,346 Ag CoOps found in the United States
False
True
95
Cooperatives succeed because of
none of the above
Tax exempt status
Strong membership support
State & Federal policies
96
The earliest Ca Ag CoOp was Sunkist Growers Inc which was formed in 1893
False
True
97
CoOp members assert their ownership by voting and providing their own financial assets
False
True
98
Organized in 1919 as a private trade organization
National Cooperative Bank
National Cooperative Business Association
Agricultural Council of California
National Council of Farmer Cooperatives
99
Free competition results in a natural balance between supply and demand
false
true
100
Ability to influence the outcome of the price-making process
Supply
Bargaininig
Service
Marketing
101
Created by the United States Congress in 1978
Agricultural Council of California
National Cooperative Bank
National Cooperative Business Association
National Council of Farmer Cooperatives

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