TMA1/COP211

My TMA Home TMA Results My Pending TMA Quick Help TMA Quiz Questions TMA: TMA1/COP211 Matric Number:  SCORE=9.50 COP211 - Cooperative Economics I Dr. Mure Agbolahon U. (amure@noun.edu.ng ) 1 Cooperative organisation is an alternative system of ------ Production  Profit  Consumption Lending 2 Cooperative organisation lays more emphasis on which of the following ethnic affiliation Profit maximization religious group patrons 3 Free rider is when non contributors benefits from others non-contributors assist freely others when one gets a free ride to meetings None of the above 4 Dividend is divided among members based on Political strength contribution tribal origin number of years in group 5 A Type A social cooperative brings together Producers and beneficiaries Producers and power brokers Consumers and foreign donors government and producers 6 The main difference between cooperatives and private organisation is Profit minimization Profit maximization Non profit organization  Least cost minimization 7 Which is true of Type B social cooperative It integrate disadvantage people It is specific to producers It allows only the wealthy class It is for the socialist group 8 The democratic principle of cooperative means that They must register as political party the leaders have to join political party members should play politics in the community None of the above 9 Food cooperatives and credit union are examples of Individualism cooperative Federalism Consumers’ cooperation Producers’ cooperation 10 As multi-dimensional organisation, cooperatives should have Leaders that can speak multiple languages both economics and social goals Should have members based abroad None of the above 11 The current statement of cooperative identity was adopted by ICA in 1990 1995 1996 2000 12 ICA means ; International Cooperative Agencies Intermediate Cooperative Alliance International Cooperative Alliance Intermediate Cooperative Agencies 13 Cooperatives are based on the following except Self help Democracy Solidarity in-equality 14 Open membership means that cooperative should Select members base on their openness should select members during open day Select members that are willing to open their doors to others None of the above 15 Cooperative spirit means Ensuring that members goes to spiritual churches Ensure that members have different spirits Ensure that members regard cooperative interest above self Ensure members cooperate with non members 16 Social cooperatives must not distribute beyond ___percetage of their profit at the end of the year 10 70 80 75 17 The study of cooperatives,following the new trends must incorporate the following except Economics History  Sociology Theology 18 Cooperatives effect is the degree of Trade off satisfaction popularity profit 19 Cooperative movement receive early popularity in the following country except Sweden Germany Norway Brazil 20 The equitably contribution of members, and democratically controll the capital of cooperative is known as Autonomy  Economic participation Independent Control mechanism