Coop Management Chapter 5 Administration

The board of directors consists of _____ members elected by the general assembly.

• 1-5

• 5-10

• 10-15

• 5-15

It is a committee that guards the financial integrity of the cooperative.

• Loan Committee

• Audit Committee

• Credit Committee

• Membership Committee

It is the highest policy making body in the cooperative.

• Regular Meeting

• General Election

• General Assembly

• Special Meeting

The general assembly shall hold on any date within _____ after close of each fiscal year.

• 60 days

• 90 days

• 80 days

• 70 days

If nothing stated in the by-laws, the Code provision – that a quorum shall consist of _____ of all the members entitles to vote – shall govern.

• 50%

• 25%

• 30%

• 45%

In __________ each member shall have only one vote and no voting agreement or other device to evade the one-member-one-vote provision shall be valid.

• Secondary Cooperatives

• Tertiary Cooperatives

• Basic Cooperatives

• Primary Cooperatives

_______ meetings of the board shall be held every month.

• Quarterly

• Annual

• Special

• Regular

The audit committee consists of _____ elected by the general assembly.

• 2 members

• 3 members

• 4 members

• 5 members

It is a committee that sets election rules and procedures.

• Regular Committee

• Election Committee

• Credit Committee

• Loan Committee

It is a committee that approves/disapproves loan applications based on credit policies.

• Credit Committee

• Collection Committee

• Loan Committee

• Borrower Committee