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KOOP > TITLE AND DEFINITIONS > Flashcards

TITLE AND DEFINITIONS Flashcards

TO MEMORIZE

1
Q

shall refer to any process or procedure used to resolve a dispute or controversy.

A

*ALTERNATIVE DISPUTE RESOLUTION

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2
Q

shall refer to the person appointed to render Award/Decision.

A

*ARBITRATOR

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3
Q

shall refer to the principal place of business of cooperative.

A

AREA OF BUSINESS OPERATION

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4
Q

shall refer to the area where cooperative members come from provided for in their Articles of Cooperation and By-Laws.

A

*AREA OF OPERATION

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5
Q

shall refer to the Articles of Cooperation registered under the Code.

A

ARTICLES OF COOPERATION-

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6
Q

shall refer to the member of cooperative who has no right to vote or be voted upon shall be entitled only to such rights and privileges as the By-laws may provide.

A

ASSOCIATE MEMBER-

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7
Q

shall refer to the Cooperative Development Authority (CDA).

A

AUTHORITY-

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8
Q

shall refer to the capitalization of the cooperative as prescribed in the Articles of Cooperation.

A

*AUTHORIZED SHARE CAPITAL-

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9
Q

shall refer to any partial of final decision by Arbitrator is resolving issue in a controversy.

A

AWARD/DECISION

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10
Q

shall refer by the Board of Directors or General Assembly that shall cause the liquidation of the cooperative.

A

*BOARD OF LIQUIDATOR/TRUSTEES

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11
Q

shall refer to the conditions where members associate themselves to attain common goals and objectives which may either residential, occupational, associational, and Institutional.

A

BOND OF MEMBERSHIP-

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12
Q

shall refers to the By-Laws registered under the code which includes any registered amendments thereto.

A

*BY-LAWS

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13
Q
  • shall refer to the document issued by the Authority evidencing registration merger.
A

CERTIFICATE OF MERGER

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13
Q

shall refer to the sum total of member’s share capital including deposits, revolving capital subsides, donations, legacies, grants, aids, etc.

A

*CAPITAL

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14
Q
  • shall refer to the Republic Act No. 9520, Otherwise, known as the Philippine Cooperative Code 2008. (15)
A

CODE

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15
Q

shall refer to the process whereby neutral third party.

A

*CONCILIATION

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16
Q
  • shall refer to any person appointed by the authority empowered to take charge of assets, liabilities, and the management of the cooperative.
A

*CONSERVATOR

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17
Q
  • shall refers to the union of two or more existing cooperatives belonging to the same category to form new cooperative called consolidated cooperative.
A

*CONSOLIDATION

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18
Q
  • shall refer to two or more cooperatives which are parties to merger or consolidation.
A

*CONSTITUENT COOPERATIVES

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19
Q

shall refer to one promotes and undertakes savings and lending services among its members.

A

*CREDIT COOPERATIVE

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20
Q
  • shall refer to the interest due to a member that must be added to in the future interest if it is not paid when due.
A

*CUMULATIVE INTEREST

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21
Q

shall refer to the failure of the cooperatives to submit report on time.

A

*DELAY IN SUBISSION REPORTS

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22
Q

shall refer to intra/inter cooperative controversy or grievance from any violation or disagreement over any provisions including any violations of the right and conditions of membership provided in the cooperative By-laws.

A

*DISPUTE

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23
Q

shall refer to a member present during the meeting and who actually voted against the proposed activity/project of cooperative.

A

*DISSENTING MEMBER

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24
Q
  • shall refer to the act of spiting a single cooperative into two or more cooperatives.
A

*DIVISION

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25
Q

shall refer to subsides, grants, donations, and aids received by the cooperative from any person.

A

*DONATED CAPITAL

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26
Q

shall refer to the right of the State to succeed to property either real or personal.

A

*ESCHEAT

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27
Q
  • shall refer to the excess of cooperative assets over liabilities.
A

*EQUITY

28
Q

shall refer to the means i.e. Statement of Financial Condition.

A

*FINAL STATEMENT

29
Q

shall refer to one organized for the primary purpose of engaging in saving and credit services.

A

*FINANCIAL SERVICE COOPERATIVE (FSC

30
Q

shall refer to 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

31
Q

shall refer to all system and procedures adopted to safeguard the cooperative’s assets

A

*INTERNAL CONTROL

32
Q
  • shall refer to duly registered cooperative to which a laboratory cooperative is affiliated with.
A

*GUARDIAN COOPERATIVE

33
Q

shall refer to the termination of the juridical personality of the cooperative through an appropriate judicial proceeding or by ORDER OF THE ATHORITY.

A

*INVOLUNTARY DISSOLUTION-

34
Q
  • shall refer to cooperative duly recognized by the authority, formed and managed principally by minors and is affiliated with another registered cooperative which is called the guardian cooperative.
A

*LABORATORY COOPERATIVE

35
Q

shall refer to the process of settlement and closure of the cooperative affairs.

A

*LIQUIDATION

36
Q
  • shall refer to the process in which mediator, selected by disputing parties.
A

*MEDIATION

37
Q

shall refer to individual below 18 years old at least 7 years old

A

*MINOR

38
Q

shall refer to a union of two or more existing cooperatives belonging to the same category.

A

*MERGER

39
Q

shall refer to the portion of subscribed share capital, which has been paid by the members of the cooperative.

A

*PALD-UP SHARE CAPITAL

39
Q
  • shall refer to a cooperative, which combines 2 or more of the business activities.
A

*MULTIPURPOSE COOPERATIVE

39
Q

shall refer to the equity inclusive of member’s equity, donations, grants.

A

*NET WORTH-

40
Q
  • shall refer to a cooperative whose membership are large number and geographically scattered/distributed by reason of geographical location.
A

*NUMEROUS AND DISPERED MEMBERSHIP-

41
Q

shall refer to cooperative which initiates the organizational of another cooperative called subsidiary cooperative.

A

*PARENT COOPERATIVE

42
Q
  • shall refer to the amount returned to individual member who patronized the goods and services of the cooperative portion to their individual patronage.
A

*PATRONAGE REFUND

43
Q

shall refer to written document containing the proposed merger or consolidation of cooperatives duly approves by General Assembly.

A

*PLAN OF MERGER OR CONSOLIDATION-

44
Q

shall refer to any person recognized competence appointed by the Authority empowered to take charge of all assets and liabilities of the cooperative administer.

A

*RECEIVER-

45
Q
  • shall refer to the operative act gaining juridical personality to proposed cooperative as evidence by a Certificate of Registration.
A

*REGISTRATION

46
Q

shall refer to the full membership of the body of representatives elected by each sector.

A

*REPRESENTATIVE ASSEMBLY-

47
Q

shall refer to a member duly elected during the sector. Chapter, or district meeting who shall present his/her sector.

A

*REPRESENTATIVE/DELEGATE

48
Q

shall refer to any documents or statement required from cooperatives to be submitted to the Authority on a regular basis.

A

*REPORTS

49
Q

shall refer to the amount available out of the deferred payment of the patronage refund.

A

*REVOLVING CAPITAL

50
Q

shall refer to the total assets minus cash on hand.

A

*RISK ASSETS

51
Q

shall refer to the penalties

A

*SANCTIONS

52
Q

shall refer to the cooperative members of which are primary.

A

*SECONDARY COOPERATIVE

53
Q

shall refer to any compromise or arrangements between disputant to settle matters.

A

*SETTLEMENT

53
Q
  • shall refer to division of cooperative, which may be by reason of geographical location, scope of operation, cluster, etc.
A

*SECTOR, CHAPTER OR DISTRICT

54
Q

shall refer to the written agreement signed by disputing parties to submit the dispute to voluntary arbitration.

A

*SUBMISSION AGREEMENT

54
Q

shall refer to the money paid or required to be paid by the members for the deduct of the operations of the cooperative.

A

*SHARE CAPITAL

55
Q

shall refer to the election of the representatives—in different days and/or at various venues.

A

*SEQUENTIAL ELECTION OF REPRESENTATIVE/DELEGATE-

56
Q

shall refer to the election of the representatives—on the same day at various venues.

A

*SIMULTANEOUS ELECTION OF REPRESENTATIVE/DELEGATE

57
Q

shall prefer to any organization all or minority of whose membership or shareholders come from a cooperative called parent cooperative.

A

*SUBSIDIARY COOPERATIVE

57
Q

shall refer to a cooperative member which are secondary cooperative.

A

*TERTIARY COOPERATIVE

57
Q
  • shall refer to the some total of the average share month, which is determined by adding the monthly ending balances of the member’s share capital.
A

*TOTAL AVERAGE SHARE MONTH-

58
Q
  • shall refer to the subscribed share capital, which is not fully paid by a member.
A

*UNPAID SUBSCRIPTION

59
Q

shall refer to any authorized employee of the Authority or an accredited private individual chosen by the parties to hear, decide, render an award in dispute.

A

*VOLUNTARY ARBITRATOR/S

59
Q

shall refer to termination of the juridical personality of cooperative OWN INITIATIVE or instance after complying with the requirements.

A

*VOLUNTARY DISSOLUTION

59
Q
  • shall refer to dispute resolution process wherein any intra/inter cooperative dispute is settle by voluntary arbitrators/s.
A

*VOLUTARY ARBITRATION

KOOP (16 decks)

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