In the ……………..the board approves new members or terminates a person’s membership.

Related MCQs

• In the ……………the board makes or changes policies as required, or recommends a policy to the membership if only the membership has the authority in a particular area.
• In the ……………….membership elects a new board.
• In the ………………….the board of directors reports to membership, reviewing the past business year and the year’s financial statements.
• In ……………………who participates, will vary from co-operative to co-operative depending upon the organizational structures that have been approved by the membership and/or the board of directors.
• In the ……………….the Board members discuss long-term goals and strategy and ensure that a good planning process is in place to guide the cooperative society in the coming year(s).
• A ……………………. institution is a voluntary association of independent economic units, organized, capitalized and run by, and for its members, providing and/or marketing goods and services on cost-to-cost basis to their members.
• Every society shall maintain …………………for recording the applications for membership containing the name and address of the applicant.
• Every society shall maintain …………………for recording the applications for membership,the number of shares applied for and in case of refusal, the date of communication of the decision refusing admission to the applicant.
• ………………are the expenses paid on account of rent, rates and taxes, insurance premiums, subscriptions membership fee etc. for periods that extent beyond the date of the balance sheet.
• In the …………….the board seeks approval of its recommendations for surplus allocation.