Co-operative societies - Quiz

…………is based on the principle of self-help through mutual help, abolition of profits and service above self help.

(a)co-operation (b)capitalism (c)socialism (d)trade unionism

EXPLANATION:undefined

The principles of ‘Voluntary Association’ and Democratic Management’ are the guidelines for ……

(a)co-operatives (b)capitalism (c)socialism (d)trading

EXPLANATION:undefined

JAMB 1986
The most important advantage of co-operative societies is?

(a)Their high degree of democracy (b) The increase inthe cost of marketing (c)That member are encouraged to save money (d)The possibility of raising loans for the members

EXPLANATION:undefined

JAMB 1991
One of the most outstanding disadvantages of co-operative societies as business organization is that?

(a)True spirit of co-operation is marred by delegated authority (b)Members show much interest (c) It is poorly financed (d)Membership interest is centred on sharing of essential commodities

EXPLANATION:undefined

JAMB 2000
A distinguishing characteristic of cooperative societies is that voting power depends on the?

(a)Number of shares held (b)Status of the member (c)Equality of members (d)Management's decision

EXPLANATION:undefined

JAMB 2006
An association formed by a group of individuals solely for the marketing of their product is a

(a)Credit and thrift society (b)Consumer cooperative society (c)Producer cooperative society (d)Voluntary organization

EXPLANATION:undefined

You'll have 60 seconds to answer each question.

Time's Up

Score:

Your fingernails and hair keep growing after you die

Result

Total Questions: 9

Attempt: 8

Correct : 3

Wrong: 5

Percentage: 33%