CRD124
It is general believe that co- operative societies are owned by
Answer: members
in economy the business exists only to produce goods and services for the basic consumption of the family.
Answer: subsistence
which life style is characterized by fixed abode in specific settlements
Answer: sedentary
All transactions of the Co-operatives must be properly recorded in the books of account. At the end of the financial year,
which is usually 31st , every year, the accounts should be closed
Answer: march
A Co- operative is entity
Answer: business
A cooperative is a result of joint action by a number of independent primaries and/ or secondaries and/or tertiaries.
Answer: federation
it is possible eliminate the middle – men in type of cooperative society
Answer: consumer
The is a booklet where details of a cooperative member’s financial dealing with the society are recoded
Answer: passbook
Which type of economy is where the output of business enterprises is mainly for domestic consumption
Answer: subsistence economy
In general, co-operative can be any form of two or more AÂA working together to achieve one goal or the other
Answer: persons
There are definite rules and regulations governing cooperatives as spelt in the cooperatives Decree of , the cooperatives laws of the various states of the Federation and by laws of each cooperative organization
Answer: 1993
which type of co-operatives that engaged in the agricultural sector
Answer: all of the above
cooperative is the relationship between a Co-operatives organization as a business entity and members’ private business enterprise or household economy.
Answer: nexus
The first co–operative act of man was when the first human family started gathering even before agriculture
was invented
Answer: food
when Co-operatives business is controlled by members themselves through one man, one vote on any decision affecting the Cooperatives. It is said to be
controlled
Answer: democratically
In traditional societies, we have examples of aid and assistance
Answer: mutual
Which Co-operatives are co- operatives that have not been fully registered and operating
Answer: unregistered
what type of capital is raised from the other resources; it is capital raised outside the Cooperative.
Answer: boorowed
The is an attempts to define cooperatives in terms of values, ideologies and overall economic and social goals
Answer: essentialist approach
Co-operatives action takes place when individuals pool their —together
Answer: resources
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