Cooperatives

• What type of business organization is discussed in the video?

  Cooperatives
• What is a cooperative primarily owned by?

  Its members
• What are two examples of cooperatives mentioned?

  Credit unions and farmers' cooperatives
• What is the main purpose of cooperatives?

  To work together for common goals
• How do farmers benefit from forming a cooperative?

  They can market their products collectively
• What is a key feature of cooperatives regarding voting rights?

  Each shareholder has a single vote
• What must a person do to become a member of a cooperative?

  Buy a certain amount of shares
• How are profits handled in a cooperative?

  They are reinvested or shared as dividends
• Who supervises cooperatives?

  A government body
• What is the difference between cooperation and a corporation?

  Cooperation involves working together
• What is a common example of a cooperative?

  Credit unions
• How do credit unions operate compared to banks?

  They are owned by their members
• What is a key advantage of being a member of a cooperative?

  Quicker access to loans
• What is a disadvantage of cooperatives related to management?

  Some cooperatives may not be well managed
• What happens if a credit union collapses?

  Savers risk losing their funds
• Why might cooperatives find it difficult to raise additional capital?

  They tend to be small and intimate
• What is a benefit of limited liability for shareholders in cooperatives?

  They only lose their investment amount
• What is one ethical advantage of cooperatives?

  They promote good quality products
• How do cooperatives ensure ethical standards?

  Members have a say in operations
• What is a common misconception about credit unions?

  They are confused with Western Union
• What is the role of a management committee in a credit union?

  To oversee the operations of the union
• What is a key feature of cooperatives regarding member involvement?

  Members elect managers for transparency
• What is the next topic to be covered in the following video?

  Management and responsibilities in organizations