FBQ1: Reserve fund is for ___________or unforeseen circumstances Answer: Contingencies FBQ2: The base of the management triangle is constituted by _______ Answer: members FBQ3: Cooperative is both a social and _________ organization Answer: economic FBQ4: Seasonal and __________ pool are the two types of marketing pools Answer: contract pool FBQ5: The cooperative management triangle shows the ________ The left side of the management triangle Answer: manager FBQ6: The cooperative policy is an overall general statement of ___________of the cooperative. Answer: objectives FBQ7: Contacting the nearest Co-operative Development Office is the_____ step of forming a cooperative society Answer: first FBQ8: Economic efficiency is an objective of cooperative Answer: marketing FBQ9: Cooperatives have been identified as viable networks for promoting sustainability and the attainment of _______________________ Answer: household food security FBQ10: The cooperative management triangle shows the position of members, ____________ and managers the management team. Answer: board of directors FBQ11: Cooperatives function in the interests of their members .TRUE OR FALSE Answer: true FBQ12: There are ______ type of initial capital for the cooperative Answer: Two FBQ13: _________ is one of the great strengths of a cooperative if its legitimate role is effectively exercised. Answer: Membership FBQ14: Democratic control is a feature of _____________ Answer: cooperative FBQ15: _________capital is needed to purchase relatively large capital items of a fixed nature Answer: Fixed FBQ16: The study of __________ suggests that societies with higher levels of membership associations also do better economically. Answer: social capital FBQ17: ___________ production" is based on voluntary efforts by individuals or groups to enhance the quality and/or quantity of services they use Answer: citizen FBQ18: Social benefits, Economic gains, Band wagon effect and desire to __________ are motivations to join and participate in cooperatives activities Answer: free-ride FBQ19: The associational school cooperatives are also known as ________ school Answer: democratic FBQ20: _________ is a day-to-day execution of detailed activities in accordance with the necessary instructions Answer: Directing FBQ21: Capital needed to purchase as land, buildings, and equipment are called ______ Answer: Fixed capital FBQ22: Co-production is the mix of activities that both public service agents and __________ contribute to the provision of public financed services. Answer: citizens FBQ23: There are ___________ prong of sustainability Answer: Three FBQ24: ____________ is needed for everyday uses to keep the business going Answer: Operating capital FBQ25: Gearing gives an indication of the amount of______ involved in borrowing funds Answer: risk FBQ26: Broader visibility is an objective of cooperative marketing. True or false Answer: true FBQ27: Cash trading is NOT a principle of cooperatives. True or False Answer: false FBQ28: The word _________ shall be the last word in the name of every registered society with limited liability Answer: Limited FBQ29: _____ is associative benefit from the activities of others by non-contributing members Answer: Free ride FBQ30: The minimum number of primary registered cooperative societies required to register a secondary or apex cooperative society is _______ Answer: two FBQ31: ___________ must be part of the name of the cooperative society to be registered Answer: Cooperative FBQ32: In __________-oriented corporation the business is owned stockholders Answer: investor FBQ33: ____________ loans are usually for a year or less Answer: Operating FBQ34: Poor management is NOT a common problem faced by agricultural cooperatives in developing countries. TRUE OR FALSE Answer: FALSE FBQ35: ____________ sharing is a significant reason to cooperatively market Answer: Resource MCQ1: ___________________________ is the thinking phase of management. Answer: Planning MCQ2: _____________ is a feature of a cooperative Answer: Voluntary and open membership; MCQ3: A ___________________________ is a firm or cooperative that gives more than one person representation in its decision-making structures Answer: Multi-stakeholder organization MCQ4: _________________ is concerned with individuals decisions concerning the choice of partners based on information Answer: Reputation MCQ5: Any agreement to combine marketing efforts is called __________ Answer: Cooperative marketing MCQ6: The day-to-day execution of detailed activities in accordance with the necessary instructions is ____________ Answer: Directing resources MCQ7: Capital for the operation and improvement of the cooperative business can come from ______________ Answer: From retained surpluses generated by the cooperative business MCQ8: The motivation to join and participate in cooperatives activities include Answer: Social benefits MCQ9: ------------- is an example of a cooperative society Answer: Producer cooperative MCQ10: ______________ is a natural counterpart to sanctions Answer: Reward MCQ11: The study of ______ suggests that societies with higher levels of membership associations also do better economically, in addition to enjoying higher levels of trust and democratic participation. Answer: Social capital MCQ12: The mix of activities that both public service agents and citizens contribute to the provision of public financed services is called _____ Answer: Co-production MCQ13: Minimum member required to form a primary cooperative society is ________ Answer: Ten (10) MCQ14: The first step in planning is the _______ of relevant data and information Answer: Analysis MCQ15: __________ the last word in the name of every registered society with limited liability. Answer: Limited MCQ16:  _______________ provide bases for in-course corrections Answer: Evaluation or controlling MCQ17: _______________ and business school are the two (2) main schools of thought concerning the development and future of cooperatives Answer: Democratic MCQ18: __________ and ___________ are types of pools: Answer: Seasonal pool and contract pool. MCQ19: The cooperative farm consists of ___________ farm Answer: Two (2) MCQ20: The ___________dimensions of cooperatives clearly help to set them apart and make them different from their competitors. Answer: Social and economic MCQ21: ______________ is define as access by all to nutritious, safe and adequate food at all time needed to meet the body requirement for a healthy life. Answer: Food security MCQ22: _______________ is the theory of tit-for-tat Answer: Reciprocity MCQ23: ____________ and _________________are the lowest risk, safest forms of funding Answer: Institutional and member capital MCQ24: The amount of externally borrowed capital to the total capital employed by the cooperative is Answer: Gearing ratio MCQ25: Some of the common problems faced by agricultural cooperatives in developing countries include the following except Answer: Political and religious neutrality MCQ26: One man one vote is the basis of cooperative________________’ Answer: Democracy MCQ27: The __________relates the amount of externally borrowed capital to the total capital employed by the cooperative Answer: Gearing ratio MCQ28: ______________is a major cause of the collapse of many groups as it is an indication of lack of support by members Answer: Funding stress MCQ29: The _______cooperative farm is considered as a business organization Answer: Large-scale MCQ30: The types of cooperatives is ____________ Answer: Five (5) MCQ31: _________ cooperative societies provide a wide range of retail to both rural and urban communities Answer: Consumer MCQ32: External funding may be provided ____________ Answer: as loan MCQ33: In _________________ producers turn over the pricing and marketing decisions to the cooperative marketing staff and agree to accept the average price for the pool after adjustments for cost, quality, and any other differences have been made. Answer: Market pooling, MCQ34: Gearing is also known as __________ Answer: Financial leverage MCQ35: In _____________corporation the number of votes allowed for a stockholder is based upon the number of shares of stock Answer: Investor-oriented