FFA MARKETING TEST (CO-OP) WITH ALL CORRECT &
100% VERIFIED ANSWERS
The private enterprise system can suffer from: ✔Correct answer-Overproduction, abusive
practices, and monopolies
The earliest forms of cooperatives can be traced back to ancient Egypt around: ✔Correct answer-
3000 B.C.
The first American Cooperative is believed to be: ✔Correct answer-A mutual insurance company
organized in 1752 with Benjamin Franklin as first chairman of the Board of Directors
Several of today's important cooperatives can be traced back to the early: ✔Correct answer-
Grange Organization
Cooperatives are designated according to membership as: ✔Correct answer-Federated,
Centralized, or Mixed
approx. 40.3% of all cooperative members are in _________ cooperatives: ✔Correct answer-
Marketing or Bargaining
Depending on the type of commodity, pools may operate on a: ✔Correct answer-Weekly, monthly,
or annual basis
The Agricultural Council of California is: ✔Correct answer-A private organization serving
agricultural cooperatives in education, information, and special services
Of what benefit is a revolving capital fund other than a method to acquire needed capital:
✔Correct answer-It keeps ownership in the hands of members currently using the cooperative
What is an allocation? ✔Correct answer-A system of dividing income among the members of a
cooperative in proportion to their individual volumes of business with the cooperative
Define equity: ✔Correct answer-the portion of net worth of the cooperative that each member
owns
What must be present before attempting to organize a cooperative? ✔Correct answer-A need and
potential members
100% VERIFIED ANSWERS
The private enterprise system can suffer from: ✔Correct answer-Overproduction, abusive
practices, and monopolies
The earliest forms of cooperatives can be traced back to ancient Egypt around: ✔Correct answer-
3000 B.C.
The first American Cooperative is believed to be: ✔Correct answer-A mutual insurance company
organized in 1752 with Benjamin Franklin as first chairman of the Board of Directors
Several of today's important cooperatives can be traced back to the early: ✔Correct answer-
Grange Organization
Cooperatives are designated according to membership as: ✔Correct answer-Federated,
Centralized, or Mixed
approx. 40.3% of all cooperative members are in _________ cooperatives: ✔Correct answer-
Marketing or Bargaining
Depending on the type of commodity, pools may operate on a: ✔Correct answer-Weekly, monthly,
or annual basis
The Agricultural Council of California is: ✔Correct answer-A private organization serving
agricultural cooperatives in education, information, and special services
Of what benefit is a revolving capital fund other than a method to acquire needed capital:
✔Correct answer-It keeps ownership in the hands of members currently using the cooperative
What is an allocation? ✔Correct answer-A system of dividing income among the members of a
cooperative in proportion to their individual volumes of business with the cooperative
Define equity: ✔Correct answer-the portion of net worth of the cooperative that each member
owns
What must be present before attempting to organize a cooperative? ✔Correct answer-A need and
potential members
