These companies with no CEO are thriving
Quiz
•
English
•
9th - 12th Grade
•
Easy
ENCI Little Monsters
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. What makes the Park Slope Food Co-op special?
A. It’s the largest grocery store in New York
B. It only sells organic food
C. It has no CEO and is run by members
D. It’s owned by a large company
Answer explanation
Key: C
Transcript: “10,000 people work there, and it doesn’t have a CEO.” [0:15]
Explanation: Unlike typical companies, Park Slope is run without a CEO, and its members are involved in managing the store.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. What is a “co-op” short for?
A. Company Opportunity Plan
B. Cooperative
C. Co-owner Program
D. Community Operation
Answer explanation
Key: B
Transcript:
“...cooperatives, or co-ops for short, around the world.” [0:21]
Explanation: “Co-op” is an abbreviation for “cooperative,” which is a business owned and run by its members.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. According to the speaker, how important are co-ops globally?
A. They are not very common today
B. They are used only in small towns
C. They employ millions and handle trillions in value
D. They work mainly in agriculture
Answer explanation
Key: C
Transcript: “they employ 280 million people… over $2 trillion flow through their doors every year.” [0:30–0:34]
Explanation: Co-ops have a large impact globally, both in employment and economic value.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Why did the Rochdale weavers start a co-op in 1844?
A. To start a school
B. To help suppliers sell faster
C. To sell clothes from their factory
D. To afford daily goods by buying in bulk
Answer explanation
Key: D
Transcript: “By buying in bulk directly from suppliers… all of them to buy stuff they couldn't otherwise afford.” [0:58–1:02]
Explanation: Their goal was to purchase affordable goods by working together.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. Which of the following is NOT a type of co-op mentioned?
A. Producer co-op
B. Consumer co-op
C. Worker co-op
D. Hotel co-op
Answer explanation
Key: D
Transcript: “REI… are consumer co-ops… Credit unions… producer co-op… worker co-ops…” [1:20–1:36]
Explanation: Hotel co-ops are not mentioned in the transcript.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6. What benefit do Park Slope members get for working shifts?
A. Lower grocery prices and influence over product choices
B. Free medical care
C. Free groceries for life
D. More vacation days
Answer explanation
Key: A
Transcript: “members pay 15 to 50% less for groceries, and they influence what products are— or aren’t— sold there.” [1:48–1:53]
Explanation: Members receive grocery discounts and voting rights on what is sold.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7. What is one major difference between co-ops and traditional companies?
A. Co-ops are only in rural areas
B. Co-ops never earn profit
C. Co-ops are owned by outside investors
D. Co-ops are owned by members and not by shareholders
Answer explanation
Key: D
Transcript: “Unlike traditional companies… all owners of a co-op are also members.” [2:07–2:10]
Explanation: In co-ops, the owners and members are the same people, unlike traditional companies with shareholders.
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