FBQ1: A _______stakeholder organization is a firm or cooperative that legally recognizes more than one type of stakeholder 
Answer: *Multi*

FBQ2: Selection and election of the members of the board of directors is one of the most important roles performed by _________. 
Answer: *Members*

FBQ3: The total management concept which is a distinctive feature of the __________
Answer: *agricultural cooperative*

FBQ4: __________ is responsible for establishing policies for the cooperative 
Answer: *Board of directors*

FBQ5: ___________is responsible for hiring and directing employees 
Answer: *Manager*

FBQ6: ___________ is responsible for planning a program that will carry out the policies and objectives 
Answer: *Manager*

FBQ7: Under _____, producers turn over the pricing and marketing decisions to the cooperative marketing staff 
Answer: *Market pooling*

FBQ8: The basic difference in the two kinds of pool relates to the degree of control over __________ which is retained by the producers 
Answer: *Price*

FBQ9: In ________ pool the producer, turns the product over to the cooperative to be comingled with the offerings of many other members 
Answer: *Seasonal*

FBQ10: In _______ pool, the producer sets a minimum or reservation price below which the commodity may not be sold. 
Answer: *Call*

FBQ11: ___________ includes the distribution of seeds and fertilizers to farmers. 
Answer: *input supply*

FBQ12: In ___________ corporation management may be concentrated in the hands of a group of experts 
Answer: *Investor*

FBQ13: Cooperative  corporation is owned and controlled by its ____ 
Answer: *Members*

FBQ14: The price received is usually the expected cash price on the day of delivery for___________ pool 
Answer: *Purchase*

FBQ15: Ownership of investor corporation is based on those who buy its _________. 
Answer: *Stock*

FBQ16: Source of funds from retained _________ is often called institutional capital
Answer: *Surplus*

FBQ17: A corporation is usually created by _____ government
Answer: *State*

FBQ18: One  man one vote is a feature of________ society
Answer: Co-operative

FBQ19: ____________ of the cooperative elect a board ofdirectors
Answer: *Members*

FBQ20: In __________ co-operatives  members benefit from reduced retail prices as a result of quantity-price discounts 
Answer: *Consumer*

FBQ21: In co-operative marketing____________ of scale is an enormous benefit 
Answer: *Economy*

FBQ22: ____________ sharing is a significant reason to cooperatively market 
Answer: *Resource*

FBQ23: Cooperative___________ often use their power in collective bargaining 
Answer: *Marketers*

FBQ24: The minimum age required to be a member of a primary co-operative is ____ years old
Answer: *Twenty one*

FBQ25: The word _______ shall be the last word in the name of every registered society with limited liability
Answer: *Limited*

FBQ26: _________   number of primary registered cooperative societies are required to register a secondary cooperative 
Answer: *Two*

FBQ27: Voluntary membership is not  a principle of cooperative
Answer: *False*

FBQ28: Cooperative marketing is also known as ___________ marketing
Answer: *Alliance*

FBQ29: Citizen production is based on voluntary efforts by individuals or groups to enhance the ____________ of services they use
Answer: *Quantity*

FBQ30: Two kinds of initial _______ needed to finance cooperatives are fixed and operating 
Answer: *Capital*

FBQ31: Band wagon effect is a reason for joining co-operative society.True or False
Answer: True

FBQ32: The associative benefit from the activities of others by non-contributing members is termed _______
Answer: *Free-ride*

FBQ33: _________school of cooperatives are mainly business firms that have some unique social and associational features. 
Answer: *Business*

FBQ34: The __________ school considers cooperatives as a ‘member-owned business’ that need to modernize and professionalize in order to meet the growing competition from private firms
Answer: *Business*

FBQ35: Cooperatives as a social organization seeks to meet economic and __________ needs of members 
Answer: *Welfare*

FBQ36: Agriculture includes  farming, forestry, ______ and livestock 
Answer: *Fisheries*

FBQ37: As an ___________ organization, cooperative is a business
Answer: *Economic*

FBQ38: In cooperatives net margins are distributed according to __________ 
Answer: *Patronage*

FBQ39: Trade credit  is offered by a ________ 
Answer: *Supplier*

FBQ40: _______cooperatives find better markets for members' produce
Answer: *Marketing*

FBQ41: Co-production is the mix of activities that both public service agents and _______ contribute to the provision of public financed services.
Answer: *Citizens*

FBQ42: The cooperative has its own _______ personality created through a charter 
Answer: *Legal*

FBQ43: Employee salaries, utilities are examples of _____ capital
Answer: *Operating*

FBQ44: Providing initial capital is a basic ______ responsibility 
Answer: *Member*

FBQ45: The amount of debt capital which may be obtained is directly related to how much _________ capital the members are willing to provide 
Answer: *Equity*

FBQ46: Retribution  involves  reward or ___________
Answer: *Sanctioning*

FBQ47: Cooperative __________ are based on the popular idea of ‘one man one vote’
Answer: *Democracy*

FBQ48: Cooperative marketing have __________________ distinct objectives 
Answer: *Objectives*

FBQ49: ___________loans are usually for a year or less 
Answer: *Operating*

FBQ50: ______ serve as a protection or insurance of thecapital investments of members
Answer: *Reserves*

Multiple Choice Questions (MCQs): 
MCQ1: Institutional and _____ capital are the safest forms of funding
Answer: Commercial loan

MCQ2:  The higher the gearing ratio, the ________ the risk the cooperative runs in losing their assets in the event of inability to repay a loan.
Answer: Same

MCQ3: Financial leverage is also known as _________ 
Answer: Clutching

MCQ4: The gearing ratio as an index  is used in determining the _______strength of the cooperative
Answer: social 

MCQ5:  ________is a long term source of funds
Answer: Member share capital

MCQ6: Members help finance the operations and growth of the cooperative through the following means except 
Answer: annual membership fees

MCQ7: Capital for the operation and improvement of the cooperative business can come from the following except
Answer: directly from members themselves

MCQ8: __________ cooperative is due largely because the financial stake or contribution of the membership of the cooperative is small relative to the non-member stake
Answer:  Primary

MCQ9: Constant __________ may provide bases for in-course corrections
Answer: Planning

MCQ10: ________ is the process where by management determines the results which were obtained and measures them against the objectives or goals thatwere set up for the activity. 
Answer: Planning

MCQ11: Cooperatives in__________ assume that members operate the cooperative on jointly owned agricultural plots
Answer: Consumer

MCQ12: ___________encourages cooperation more effectively than does retribution
Answer: rewards

MCQ13: __________cooperative is opens to different portfolios of investments and activities
Answer: credit 

MCQ14: The analysis of relevant_______ is the first stage  in planning
Answer: Resources

MCQ16: The word _____ must not be part of the name of the cooperative society to be registered.
Answer: Financialization

MCQ17: __________ cooperatives find better markets for members' produce
Answer: consumer 

MCQ18: ___________ includes the distribution of seeds and fertilizers to farmers.
Answer: Input supply

MCQ19: Cooperative  corporation is owned and controlled by its ____
Answer: Shareholders

MCQ20: ____________designs programs or plans of action to carry out the policy
Answer: Manager

MCQ21: ________ is often referred to as indirect reciprocity in the cooperation literature 
Answer: Reward

MCQ22: ________ centers on the theory of “You scratch my back, I scratch yours”
Answer: Reward

MCQ23: External funding may be provided in co-operative by ______
Answer: Annual dues by members 

MCQ24: The contract pool is of ___________ general types
Answer: One (1)

MCQ25: ___________ is by far the more common pools
Answer: Working 

MCQ26: ________ is a day-to-day execution of detailed activities in accordance with the necessary instructions. 
Answer: directing

MCQ27: The ________ function is the preparation for work and not the actual performance of the work.
Answer: directing

MCQ28: The cooperative ________ is an overall general statement of objectives of the cooperative.
Answer: Project 

MCQ29: It is  the responsibility of the ________ to devise programs to carry out the policies
Answer: Members

MCQ30: Nominees to the board are required to be members of the cooperative, but __________ go far beyond membership
Answer: Social capital

MCQ31: ____________ control  is a feature of cooperative
Answer: Associative

MCQ32: __________ is a motivation to join and participate in cooperatives activities
Answer:  nepotism

MCQ33: _________ capital is needed to purchase relatively short term items in nature
Answer: Working

MCQ34: A _______________ is a network of trust where members benefit from the brotherhood economics associated with the group
Answer: Agriculture

MCQ35: The following are types of cooperative society except _________
Answer: Hybrid

MCQ36: Delivery of social services to the needy is contribution by ___________  .
Answer: Capitalist 

MCQ37: The mix of activities that both public service agents and citizens contribute to the provision of public financed services is called _____
Answer: School

MCQ38: __________  involves punishment or sanctioning
Answer: Reward

MCQ39: __________ is the gearing up process of assembling the resources to carry out the plan.
Answer: Planning

MCQ40: Cooperative marketing have __________________ distinct objectives
Answer: Two (2)

MCQ41: ______ would eliminate the need for using borrowed funds and impairing capital
Answer: Member capital

MCQ42: ________ serve as a protection or insurance of the capital investments of members
Answer: Member capital

MCQ43: ___________ loans, usually for a year or less,
Answer:    Fixed

MCQ44: The amount of debt capital which may be obtained is directly related to how much________ capital the members are willing to provide
Answer: Short term

MCQ45:  __________ is a major cause of the collapse of many groups as it is an indication of lack of support by members.
Answer: Risks

MCQ46: Citizen production is based on _________ efforts by individuals or groups to enhance the quality and/or quantity of services they use
Answer: Economic

MCQ47: 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

MCQ48: Cooperatives function in the interests of their _________, not shareholders.
Answer: stockholders

MCQ49: There are ______ prong of sustainability
Answer: One (1)

MCQ50: ___________ 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: Cooperative security.

MCQ15: A corporation is usually created by _____ government
Answer: international