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Cooperative Management > Chapter 1 > Flashcards

Chapter 1 Flashcards

1
Q

Article 1 shall be known as

A

Philippine Cooperative Code of 2008

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2
Q

It is the declared policy of the state to foster the creation and growth of cooperatives as a practical vehicle for promoting self-reliance and harnessing people power towards the attainment of economic development and social justice

A

Declaration of policy

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3
Q

Is an autonomous and duly registered association of persons, with a common bond of interest,who have voluntarily joined together to achieve their social, economic, and cultural needs….

A

Cooperative

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4
Q

Every Cooperative shall conduct it’s affairs in accordance with Filipino culture,good values and experience and the universally accepted principles of cooperation

A

Cooperative principles

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5
Q

Universally accepted principles of cooperation which include,but are not limited to, the following

A

Voluntary and Open membership
Democratic member control
Member economic participation
Autonomy and independence
Education, training and information
Cooperation among cooperatives
Concern for community

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6
Q

Cooperatives are voluntary organizations,open to all persons able to use their services and willing to accept the responsibilities of membership,without gender,social,racial,cultural,political,or religious discrimination

A

Voluntary and Open membership

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7
Q

Cooperatives are democratic organizations that are controlled by their members who actively participate in setting their policies and making decision

A

Democratic member control

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8
Q

In this, members have equal voting rights of one member, one vote

A

Primary cooperatives

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9
Q

Members contribute equitably to, and democratically control, the capital of their cooperative

A

Member economic participation

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10
Q

They shall receive limited compensation or limited interest,if any, on capital subscribed and paid as a condition of membership

A

Member economic participation

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11
Q

Cooperatives are autonomous,self help organizations controlled by their members

A

Autonomy and independence

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12
Q

Cooperatives shall provide education and training for their members, elected and appointed representatives, managers, employees so that they can contribute effectively and efficiently to the development of their cooperatives

A

Education, training and information

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13
Q

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures

A

Cooperation among cooperatives

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14
Q

Cooperatives work for the sustainable development of their communities through policies

A

Concern for community

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15
Q

Includes a person either natural or juridical,who,adhering to the principles set forth in this code and in the articles of cooperation

A

Member

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16
Q

It shall mean the full membership of the cooperative duly assembled for the purpose of exercising all the rights and performing all the obligations pertaining to cooperatives

A

General assembly

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17
Q

It shall mean that body entrusted with the management of the affairs of the cooperatives under it’s articles of cooperation and bylaws

A

Board of directors

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18
Q

It shall refer to any body entrusted with specific functions and responsibilities under the bylaws or resolution of the general assembly or the board of directors

A

Committee

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19
Q

Means the articles of cooperation registered under this code and includes a registered amendment thereof

A

Articles of cooperation

20
Q

Means that the registered under this code and includes any registered amendment thereof

A

Bylaws

21
Q

Means the operative act granting juridical personality to a proposed cooperative and is evidenced by a certificate of registration

A

Registration

22
Q

Refers to the government agency in charge of the registration and regulation of cooperatives as such hereinafter referred to as the authority

A

Cooperative development authority

23
Q

Mean that body of cooperative principles adhered to worldwide by cooperatives

A

Universally accepted principles

24
Q

Means the full membership of a body of representatives elected by each of the sectors,chapter or district of the cooperative duly assembled for the purpose of exercising such powers …

A

Representative assembly

25
Q

Shall include the members of the board of directors,members of the different committees created by the general assembly, general manager….

A

Officers of the cooperatives

26
Q

Is a procedure wherein the cooperative assesses it’s social impact and ethical performance vis a vis it’s stated mission, vision, goals and code of social responsibility

A

Social audit

27
Q

It enables the cooperatives to develop a process whereby it can account for its social performance and evaluate it’s impact in the community and be accountable for its decisions and actions to ita regular memebers

A

Social audit

28
Q

Shall refer to an audit on the efficiency and effectiveness of the cooperative as a whole,it’s management and officers and it’s various responsibility centers….

A

Performance audit

29
Q

Shall include cooperative undertaking activities which are related to its main line of business or purpose

A

Single line or single purpose cooperative

30
Q

Are those which provide any type of service to its members

A

Service cooperatives

31
Q

Service to its members including but not limited to

A

Transport
Information and communication
Insurance
Housing
Electric
Health services
Education
Banking
Savings
Credit

32
Q

Refers to any organization all or majority of whose membership or shareholders come from a cooperative,organized for any other purpose different from that of and receives technical,managerial and financial assistance….

A

Subsidiary cooperative

33
Q

Refers to three or more primary cooperatives,doing the same line of business,organized at the municipal,provincial,city,special metropolitan political subdivision,or economic zones created by law

A

Federation of cooperatives

34
Q

The 17 under the article 5 definition of terms

A
35
Q

Supreme body where all authorities emanate from

A

General assembly

36
Q

Sets the strategic direction and formulates policies

A

Board of directors

37
Q

Prepares for and facilitates the conduct of election

A

Election committee

38
Q

Conducts the financial, management and performance audit

A

Audit committee

39
Q

Performs a study function for the BOD

A

Special committee

40
Q

Administer and facilitates conciliatory process

A

Conc-Med Committee

41
Q

Plans and implements education and training programs

A

Education committee

42
Q

Develop code of governance and ethical standards

A

Ethics committe

43
Q

Administers or keep coop important documents

A

Secretary

44
Q

Takes care the money of the coop

A

Treasurer

45
Q

Manage the day to day operations

A

General manager

46
Q

Performs specific tasks or functions related to the day to day operations

A

Management staff

Cooperative Management (3 decks)

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