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- 1. Multiple Choice
Which of the following is the best explanation of a cooperative?
A for-profit business owned by shareholders
A non-profit charitable organization
A business owned by two or more people
A business owned by people who work for it or are served by it
None of the above
- 2. Multiple Choice
Which of the following is not a characteristics of a consumer cooperative?
Shared responsibility
Democratic management
Concern for mutual welfare
Pursuit of profit
None of the answers are correct
- 3. Multiple Choice
The Rochdale Society of Equitable Pioneers was considered the prototype for the modern cooperative association, was organized in what year?
1910
1945
1890
1844
- 4. Multiple Choice
The first recognized cooperative business in the US was:
Mutual Fire Insurance Company
REI
Cenex Harvest States
Sunkist
- 5. Multiple Choice
The first US recognized cooperative business was started in:
1752
1900
1879
1820
- 6. Multiple Choice
As of 2019, how many bank credit unions are there in the US that are federally insured?
6,789
12,467
5,335
30,378
- 7. Multiple Choice
Which one is not a cooperative?
CHS
Land O'Lakes
Green Bay Packers
Ace Hardware
All of the above are cooperatives
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