GEC-CM Long Quiz - Midterm

  It is when Laurel, largely through the initiative of then Minister of Economic Affairs, Pedro Sabido, exerted efforts to organize consumers’ cooperatives to help alleviate the economic suffering of the people, spherically those living in Manila.

• Commonwealth Period    

• Japanese Colonial Period

• American Colonial Period

• Spanish Colonial Period

A period when cooperative organizing or strengthening reached a feverish phase after the war; through the supervision of the Emergency Control Administration (ECA), cooperatives were tapped primarily for the distribution of relief goods.

• Commonwealth Period    

• Japanese Colonial Period

• American Colonial Period

• Spanish Colonial Period

Benjamin Franklin organized in the United Stated, as early as the middle of the 18th century, a cooperative insurance that is still operating today.

• Commonwealth Period    

• Japanese Colonial Period

• American Colonial Period

• Spanish Colonial Period

Dr. Jose P. Rizal, the national hero, organized different cooperatives in Dapitan in 1896 during this period.

• Commonwealth Period    

• Pre-spanish Period

• American Colonial Period

• Spanish Colonial Period

Which of the following principles acknowledges that if the co-op enters into an agreement with other organizations or raises capital from external sources, it is done so based on terms the ensure democratic control by the members 

• Cash trading

• Autonomy and Independence

• Felt Need in the Community

• Continuous Expansion

Not much is known about formal cooperatives in the early history of the Philippines during this period.

• Commonwealth Period    

• Pre-spanish Period

• American Colonial Period

• Spanish Colonial Period

Which of the following categories of cooperative whose primary purpose is to procure and distribute commodities and provide services to members and, sometimes, nonmembers?

• Producers Cooperative

• Service Cooperative

• Consumers Cooperative   

• Marketing Cooperative

Which of the principles of cooperatives refers to being open to all people able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination?

• Voluntary and Open Membership

• Democratic Member Control

• Autonomy and Independence

• Member Economic Participation

Which of the following principles requires that there must exist a certain commonality among the cooperative members, a vinculum or tie that binds together the group?

• Democratic Control

• Cooperation among cooperatives

• Common bond of interest

• Limited Interest on Capital

This principle of cooperatives works for the sustainable development of communities through policies and programs accepted by the members.

• Cash Trading

• Concern for Community

• Autonomy and Independence

• Continuous Expansion