The …………….will approve the financial, social, and development plans for the following year.

Related MCQs

• In the ………………….the board of directors reports to membership, reviewing the past business year and the year’s financial statements.
• An ……………………………convenes once a year on a date fixed by the bylaws of the cooperative but, not later than three months after the end of the financial year.
• A…………………… has been defined as an “economic and social organisation of the working people, serving not only interest of the members, but also social progress,” which promotes safeguards and realizes the interests and aspirations of the working people”.
• In the ……………..the board evaluates the cooperative society’s financial position to determine whether or not the budgeted objectives are being met and what actions should be taken to improve the situation.
• While evaluating the alternative decisions, a Manager has to check what will be its costs (financial and nonfinancial) to the organization? That is the ……………….
• …………………………. is a detailed plan of the auditing work to be performed, specifying the item in the financial statements and allocating tentative time required.
• The……………..will elect the managerial units of the cooperative and the control committee for the following year.
• In the ……………………the Business plan and budgets for the coming year are presented for discussion and approval.
• 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).
• Every co-operative society shall maintain accounts and book for the purpose of recording business transactions by it and close them every year on …………………