These companies with no CEO are thriving

These companies with no CEO are thriving

9th - 12th Grade

10 Qs

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These companies with no CEO are thriving

These companies with no CEO are thriving

Assessment

Quiz

English

9th - 12th Grade

Easy

Created by

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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