Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Cooperative Management > RA 9520 Cooperative Code of the Philippines > Flashcards

RA 9520 Cooperative Code of the Philippines Flashcards

1
Q

This Act shall be known as the “Philippine Cooperative Code of 2008

A

RA 9520

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Republic Act No. 6938

A

Cooperative Code of the Philippines

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

The State shall encourage the private sector to undertake the actual formation and organization of cooperatives and shall create an atmosphere that is conducive to the growth and development of these cooperatives

A

True

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
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

A

economic development and social justice.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Government and all its branches, subdivisions, instrumentalities and agencies shall ensure the provision of technical guidance, financial assistance and other services to enable said cooperatives to develop

A

into viable and responsive economic enterprises

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

cooperative is an _____association of persons, with a common bond of interest, who have voluntarily joined together to achieve their social, economic, and cultural needs and aspirations

A

autonomous and duly registered

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
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

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Cooperatives are _____that are controlled by their members who actively participate in setting their policies and making decisions.

A

democratic organizations

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

In primary cooperatives, members have equal voting rights of

A

one-member, one-vote.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Members allocate surpluses for any or all of the following purposes:

A

developing the cooperative by setting up reserves, part of which should at least be indivisible; benefitting members in proportion to their partonage of the cooperative’s bubsiness; and, supporting other activities approved by the membership.​

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

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

A

Education, Training and Information

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through ____, ____, _____ & international structures.​

A

local, national, regional

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Cooperatives work for the sustainable development of their communities through policies approved by their

A

members.​

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Member includes a person either _____ or _____ who adhering to the principles set forth in this Code and in the Articles of Cooperative, has been admitted by the cooperative as member;​

A

natural or juridical

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

General Assembly shall mean the ____of the cooperative duly assembled for the purpose of exercising all the rights and performing all the obligations pertaining to cooperatives​

A

full membership

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

that body entrusted with the management of the affairs of the cooperative under its articles of cooperation and by-laws;​

A

“Board of Directors

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

to any body entrusted with specific functions and responsibilities under the by-laws or resolution of the general assembly or the board of directors;​

A

“Committee”

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

means the articles of cooperation registered under this Code and includes a registered amendment thereof

A

Articles of Cooperation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

the by-laws registered under this Code and includes any registered amendment thereof;​

A

By-laws”

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

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

A

Registration”

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

the government agency in charge of registration and regulation of cooperatives as such, hereinafter referred to as the Authority;

A

Cooperative Development Authority

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

means that body of cooperative principles adhered to worldwide by cooperatives in other jurisdictions.

A

Universally Accepted Principles

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

means the full membership of a body of representatives elected by each of the sectors, chapter or district o the cooperative duly assembled for the purpose of exercising such powers lawfully delegated unto them by the general assembly in accordance with its bylaws

A

Representative Assembly

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Officers of the Cooperative shall include the members _______, _____,created by the general assembly, general manager or chief executive officer, secretary, treasurer and members holding other positions as may be provided for in their bylaws

A

members of the board of directors, members of the different committee

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

procedure wherein the cooperative assesses its social impact and ethical performance vis-à-vis its stated mission, vision, goals and code of social responsibility for cooperatives to be established by the Authority in consultation with the cooperative sector. It enables the cooperative to develop a process whereby it can account for its social performance and evaluate its impact in the community and be accountable for its decisions and actions to its regular members;

A

Social Audit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

refer to an audit on the efficiency and effectiveness of the cooperative as a whole; its management and officers; and its various responsibility centers as basis for improving individual team or overall performance and for objectively informing the general membership on such performance;​

A

Performance Audit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

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

A

A Single-Line or Single-Purpose Cooperative

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

provide any type of service to its members, including but not limited to, transport, information and communication, insurance, housing, electric, health services, education, banking, and savings and credit

A

Service Cooperatives

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

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, registered with the Authority to undertake business activities in support of its member-cooperatives.

A

Subsidiary Cooperative

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

To encourage ____ and ___ mobilization among the members

A

thrift and savings

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
31
Q

generate funds and ____ credit to the members for productive and provident purposes

A

extend

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
32
Q

encourage among members ______ production and marketing

A

systematic

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
33
Q

To ____ and ____ the activities of cooperatives;​

A

coordinate and facilitate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
34
Q

To ensure the ____ of cooperatives through the utilization of new technologies

A

viability

35
Q

promote self-help or self-employment as an engine for economic growth and _____.

A

poverty alleviation

36
Q

Provide goods and services to its members to enable them to attain increased income, savings, investments, productivity, and purchasing power, and promote among themselves equitable distribution of net surplus through maximum utilization of _____, _____, and ____.

A

economies of scale, cost-sharing and risk-sharing

37
Q

Provide ______ social and economic benefits to its members

A

optimum

38
Q

Teach them efficient ways of doing things in a _____.

A

cooperative manner

39
Q

______ cooperative practices and new ideas in business and management

A

Propagate

40
Q

Allow the lower income and less privileged groups to increase their ______ in the wealth of the nation

A

ownership

41
Q

To the exclusive use of its registered name, to ____ and be ___.

A

sue and be sued

42
Q

To ____ bylaws not contrary to law, morals or public policy, and to amend and repeal the same in accordance with this Code

A

adopt

43
Q

To purchase, receive, take or grant, hold, convey, ___, ____, ____, ____ and otherwise deal with such real and personal property as the transaction of the lawful affairs of the cooperative may reasonably and necessarily require, subject to the limitations prescribed by law and the Constitution

A

sell, lease, pledge, mortgage,

44
Q

To enter into ____, ____ or consolidation, as provided in this Code;​

A

division, merger

45
Q

form subsidiary cooperatives and join _____ or ____, as provided in this Code

A

federations or unions

46
Q

To avail of loans, be entitled to credit and to accept and receive grants, donations and assistance from _____ & ___ sources.

A

foreign and domestic

47
Q

To avail of preferential rights granted to cooperatives under _____, otherwise known as the Local Government Code, and other laws, particularly those in the grant of franchises to establish, construct, operate and maintain ferries, wharves, markets or slaughterhouses and to lease public utilities, including access to extension and on-site research services and facilities related to agriculture and fishery activities;​

A

Republic Act No. 7160

48
Q

To organize and operate schools in accordance with Republic Act No. 9155, _______ and other pertinent laws; and​

A

Governance of Basic Education Act of 2001

49
Q

That a prospective member of a primary cooperative must have completed a

A

Pre-Membership Education Seminar (PMES)

50
Q

Any newly organized primary cooperative may be registered as multipurpose cooperative only _____ with the minimum requirements for multipurpose cooperatives to be set by the Authority

A

after compliance

51
Q

single-purpose cooperative may transform into a multipurpose or may create subsidiaries only after at least ____of operations

A

two (2) years of operations

52
Q

A cooperative shall exist for a period not exceeding fifty (50) years from the _____ unless sooner dissolve or unless said period is extended

A

date of registration

53
Q

cooperative term, as originally stated in the articles of cooperation, may be extended for periods not exceeding _____ in any single instance by an amendment of the articles of cooperation, in accordance with this Code:

A

fifty (50) years

54
Q

Provided, That no extension can be made earlier than _____ prior to the original or subsequent expiry date/dates unless there are justifiable reasons for an earlier extension as may be determined by the Authority.​

A

five (5) years

55
Q

ll cooperatives applying for registration shall file with the Authority the articles of cooperation which shall be signed by each of the organizers and acknowledged by them if ____and by the chairpersons or secretaries, if juridical persons, before a notary public

A

natural persons

56
Q

name of the cooperative which shall include the word

A

cooperative

57
Q

Provided, That in no case shall the paid-up share capital be less than

A

P15,000.00

58
Q

is one that promotes and undertakes savings and lending services among its members. It generates a common pool of funds in order to provide financial assistance to its members for productive and provident purposes;​

A

Credit Cooperative

59
Q

primary purpose of which is to procure and distribute commodities to members and non-members

A

Consumers Cooperative

60
Q

It is formed and operated by its members to undertake the production and processing of raw materials or goods produced by its members into finished or processed products for sale by the cooperative to its members and non-members. Any end product or its derivative arising from the raw materials produced by its members, sold in the name and for the account of the cooperative, shall be deemed a product of the cooperative and its members

A

Producers Cooperative

61
Q

is one which engages in the supply of production inputs to members and markets their products;​

A

Marketing Cooperative

62
Q

one which engages in medical and dental care, hospitalization, transportation, insurance, housing, labor, electric light and power, communication, professional and other services

A

Service Cooperative

63
Q

Multipurpose Cooperative

A

is one which combines two (2) or more of the business activities of these different types of cooperatives;​

64
Q

is a primary cooperative which promotes and advocates cooperativism among its members and the public through socially-oriented projects, education and training, research and communication, and other similar activities to reach out to its intended beneficiaries;​

A

Advocacy Cooperative

65
Q

is one organized by marginal farmers majority of which are agrarian reform beneficiaries for the purpose of developing an appropriate system of land tenure, land development, land consolidation or land management in areas covered by agrarian reform

A

Agrarian Reform Cooperative

66
Q

is one organized for the primary purpose of providing a wide range of financial services to cooperatives and their members;​

A

Cooperative Bank

67
Q

is one whose members are engaged in the production of fresh milk which may be processed and/or marketed as dairy products;​
​

A

Dairy Cooperative

68
Q

is one organized for the primary purpose of owning and operating licensed educational institutions notwithstanding the provisions of Republic Act No. 9155, otherwise known as the Governance of Basic Education Act of 2001;​

A

Education Cooperative

69
Q

is one organized for the primary purposed of undertaking power generations, utilizing renewable energy sources, including hybrid systems, acquisition and operation of subtransmission or distribution to its household members;​

A

Electric Cooperative

70
Q

one organized for the primary purpose of engaging in savings and credit services and other financial services

A

Financial Service Cooperative

71
Q

is one organized by marginalized fishermen in localities whose products are marketed either as fresh or processed products

A

Fishermen Cooperative

72
Q

is one organized for the primary purpose of providing medical, dental and other health services

A

Health Services Cooperative

73
Q

is one organized to assist or provide access to housing for the benefit of its regular members who actively participate in the savings program for housing. It is co-owned and controlled by its members;​

A

Housing Cooperative

74
Q

is one engaged in the business of insuring life and poverty of cooperatives and their members

A

Insurance Cooperative

75
Q

is one which includes land and sea transportation, limited to small vessels, as defined or classified under the Philippine maritime laws, organized under the provisions of this Code

A

Transport Cooperative

76
Q

is one organized to own, operate and manage waters systems for the provision and distribution of potable water for its members and their households;​

A

Water Service Cooperative

77
Q

is one organized by workers, including the self-employed, who are at same time the members and owners of the enterprise. Its principal purpose is to provide employment and business opportunities to its members and manage it in accordance with cooperative principles

A

Workers Cooperative

78
Q

In terms of territory, cooperatives shall be categorized according to _____which may or may not coincide with the political subdivisions of the country.​

A

areas of operations

79
Q

is one who has complied with all the membership requirements and entitled to all the rights and privileges of membership.

A

regular member

80
Q

one who has no right to vote nor be voted upon and shall be entitled only to such rights and privileges

A

associate member

81
Q

That an associate who meets the minimum requirements of regular membership, continues to patronize the cooperative for ___ and signifies his/her intention to remain a member shall be considered a regular member

A

two (2) years

82
Q

cooperative organized by minors shall be considered a _____cooperative shall be governed by special guidelines to be promulgated by the Authority.​

A

laboratory

83
Q

A member of a cooperative may, for any valid reason, withdraw his membership from the cooperative by giving a ____notice to the board of directors

A

(60) day

Cooperative Management (4 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions