Which is not a characteristic of an ag coperative

Provides services at no cost to its members

Located at 1225 H Street, Sacramento, California

Agricultural Council of California

United States Department of Agriculture

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

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

Cooperatives are designated according to membership as

Federated, Centralized, or Mixed

The fundamental reason for forming an agricultural cooperatives is

A sufficiently urgent economic need

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 origin of the modern cooperative is generally associated with

Rochdale Equitable Pioneer's Society

Patronage is defined as

Commerce done with, or on behalf of, the members

Sponsors highly specialized, up-to-date education for directors of members cooperatives

National Council of Farmer Cooperatives

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CoOp Marketing

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Questions 101

Answers

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

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