The Role of Cooperatives in Business


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question 1 of 3

Which of the following is the best explanation of a cooperative?

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1. Which one of the following is not a characteristic of a consumer cooperative?

2. Which type of cooperative is owned and controlled by customers?

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About This Quiz & Worksheet

Cooperatives are organizations of individuals who pursue a common economic goal. This quiz and worksheet combination will help you ensure that you understand how these organizations work. The practice questions on the quiz will test you on the definition of a cooperative, the characteristics of a consumer coop, and the types of businesses that can be cooperative.

Quiz & Worksheet Goals

In the practice quiz, you'll be tested on:

  • The meaning of cooperative
  • Characteristics of a consumer cooperative
  • Definition of a consumer cooperative
  • A main reason that cooperatives are formed

Skills Practiced

This quiz and worksheet enable you use the following skills:

  • Reading comprehension - ensure that you draw and retain the pertinent information on cooperatives from the related lesson
  • Defining key concepts - ensure that you can accurately define main phrases, such as cooperative and consumer cooperative
  • Information recall - access the knowledge you've gained regarding types of cooperatives

Additional Learning

To find out more about cooperatives in business, read the related lesson, The Role of Cooperatives in Business. This lesson includes the following objectives:

  • Understand how cooperatives are owned and operated
  • Differentiate between consumer, producer, and hybrid cooperatives
  • Discuss the role and importance of cooperatives