Cooperative Quiz
Authored by Rose Sanidad
Other
7th Grade
Used 1+ times
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60 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 2 year non-operation rule as a ground to dissolve a cooperative is automatic.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A cooperative is legally born only when the Cooperative Development Authority (CDA) issues the Certificate of Incorporation.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Founding members of a cooperative must be at least 5 persons.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The minimum paid up in a cooperative is always 25% of the subscribed share capital.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The maximum share capital in a cooperative for each member is 10% of total share capital.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Life of a cooperative is extendible for another 50 years provided extension is made in the last 3 years of its original term.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Coop. is an autonomous juridical entity controlled by its BODs.
True
False
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