MODULE TEST I. Enumerate. (1 point for each enumerated item) 1. The six general cooperative principles. 2. The qualifications governing the principle, "Open and Voluntary Membership." II. On the blank before each number, write True if the statement is correct; otherwise, write False. _______ 1. The concept of democractic control is expressed in the members' equality in their voting rights. _______ 2. Proxy voting is allowed in primary cooperatives. _______ 3. The concept of autonomy in the management of a cooperative implies freedom from government guidance. _______ 4. The payment of interest on capital is dependent on the availability of a cooperative's net savings. _______ 5. Patronage refunds are earnings on the part of the members. _______ 6. Patronage refunds are paid to the cooperative's stockholders, in the same manner as dividends are paid to stockholders in corporations. _______ 7. The full payment of patronage refunds to members may be deferred indefinitely. _______ 8. Selling goods to the members at low prices is a form of service of the cooperative to its members. _______ 9. Patronage refunds, payable to non-members, may be made in settlement of the said patrons' capital contribution to the cooperative. _______ 10. Federation with other cooperatives enables a cooperative society to be of greater service to its members as well as to the general public. _______ 11. Cooperative education in cooperatives is a means leading to the improvement of the members' quality of life. _______ 12. Cash trading in cooperatives with limited financial means is a necessity for them to survive. _______ 13. The sale of high quality and standard goods in a cooperative is in keeping with its service objective. _______ 14. Every cooperative must make provisions for future expansion. _______ 15. A cooperative must always sell at prices below the current market price. III. Given the following information, determine the amount available for patronage to (1) members; (2) non-members; if interest on capital is 10%. (3 points each) Sales to members . . . . . P50,000.00 non-members . . . . 10,000.00 Cost of goods sold . . . . . 40,000.00 Operating & Adm. Expenses . . . . 10,000.00 Share Capital . . . . . . 25,000.00