Founded in 1916 and is a trade association which represents cooperatives in all industries

National Cooperative Business Association

The First American Cooperative is believed to be

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

Which is not a factor involved in a capital revolving fund

Government regulations limiting production

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

Adopting rigid membership requirements

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

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

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

Assists its members to stabilize markets

The fundamental reason for forming an agricultural cooperatives is

A sufficiently urgent economic need

The origin of the modern cooperative is generally associated with

Rochdale Equitable Pioneer's Society

The First American Cooperative is believed to be

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

Which is not a characteristic of an ag coperative

Provides services at no cost to its members

As cooperatives grow, the members:

Can lose their sense of connection and ownership

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

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

Patronage is defined as

Commerce done with, or on behalf of, the members

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CoOp Marketing

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Questions 101

Answers

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

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