W46 - 4.02 - Co-ops

• Engels
• MBO
• Studiejaar 2

Co-ops

What are co-ops and what do they mean for the future?

00:26

What is co-op short for?

00:58

When were co-ops founded?

1. 1844
2. 1828

01:43

Which of these co-ops is not mentioned?

1. financial
2. consumer
3. employer
4. producer

02:14

Are there outside share-holders in co-ops?

1. Yes
2. No

03:35

How are important decisions made?

1. By the manager
2. By the president
3. By the workers
4. By voting

04:32

What does the word consensus mean?

05:21

How much happier are the co-ops?

1. 30%
2. 40%
3. 34%
4. 44%

Part 2

Reading: How co-ops offer hope to future generations

Read the text

1. Make groups

2. Divide parts

3. Read parts

4. Answer the questions you can answer

5. Share!

6. Make sure you have all the answers. 

Questions 1-5

1. True: Co-operatives are businesses that are owned and controlled by their members.

2. False: Co-operatives are businesses that are not motivated solely by profit.

3. False: The purpose of a co-operative is not to maximize profits for its shareholders.

4. True: Co-operatives are based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity.

5. True: Co-operatives can be owned and controlled by employees, consumers, or a combination of both.

Questions 6-10

6. True: Members of a co-operative have an equal say in the decision-making process, regardless of the amount of money they have invested.

7. True: Co-operatives can be found in a variety of sectors, including agriculture, housing, finance, and healthcare.

8. True: Members of a co-operative have limited liability for the debts of the business.

9. False: Co-operatives are not required to distribute profits to their members in proportion to their participation in the business.

10. True: Co-operatives are subject to the same regulatory requirements as traditional businesses.

Discussion

How do you feel about co-operatives, and would you want to work for one?