One Thing That Is Not True About Cooperatives Is That

question 187

Multiple Choice

One thing that is not true about cooperatives is that they

• A)put out raw materials, like wool and cotton, to rural households that turn it into finished products
• B)pool resources to buy and sell more efficiently
• C)try to minimize costs
• D)operate with limited liability of members
• E)enjoy tax-exempt status

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Definitions:

Policies and Procedures

Established guidelines and methods of operation that an organization sets to regulate its activities and achieve objectives efficiently and in compliance with legal standards.

Single-use Plans

Specific actions or strategies designed to address a particular problem, goal, or project, and not intended for repeated or continual use.

Budgets

Financial plans that allocate resources, project revenues and expenses, and guide spending and investment decisions over a specific period.

Standing Plans

Established procedures and policies designed to be used repeatedly to guide organizational actions.