(i) Open and voluntary membership
Members wishing to join cooperative societies do so on voluntary basis and
can leave at will. They are however, expected to meet basic requirements
before they can join.
(ii) Educator for members
Support for educational activities with movement/aimed to foster
cooperative
principles at all levels to encourage membership and teaching
(iii) The principle of democratic control
The administration of cooperatives is entrusted to a committee elected by
members on the basis of one man one vote.
(iv) Affiliation co-operation
Primary co-operative societies should be affiliate/ co-operate/ others/
secondary apex societies/ all levels
(v) Interest on capital
Limited interest on capital should be allowed/ predetermined on capital but
based on a fixed rate bid down by rule.
OR
- Open membership: There should be open membership on voluntary basis upon payment of agreed membership fee.
- Share limit: Each member can buy shares in the co-operative up to certain minimum and maximum limit.
- Sale of produce: Only those bonafide members are allowed to sell their products through the co-operative.
- Non-profit principle: Motive of forming a co-operative is to assist members to improve their standards ie. It is a non-profit making organization.
- Equal rights: Each member has equal right to vote and is entitled to one vote each in an election.
- Interest on shares: Money accruing form share contribution is distributed to members on basis of share contribution
- Withdrawal of membership: Any member has a right to withdraw membership voluntary.
- Loyalty: Every member should be faithful and loyal to their co-operative
- Education: The co-operative should constantly educate its members on matters of their affairs
- Co-operative principle: Al co-operative should join together to form bigger organization such as unions in district level national and international
No
Githiari answered the question on September 19, 2017 at 15:55
- Outline benefits of expanding a business.(Solved)
Outline benefits of expanding a business.
Date posted: September 19, 2017. Answers (1)
- Highlight four disadvantages of cartels to consumers.(Solved)
Highlight four disadvantages of cartels to consumers.
Date posted: September 19, 2017. Answers (1)
- Outline four ways in which a savings and credit cooperative society can raise capital(Solved)
Outline four ways in which a savings and credit cooperative society can raise capital
Date posted: September 19, 2017. Answers (1)
- Outline features of a private company.(Solved)
Outline features of a private company.
Date posted: September 19, 2017. Answers (1)
- State four reasons why a government may find it necessary to nationalize some industries(Solved)
State four reasons why a government may find it necessary to nationalize some industries
Date posted: September 19, 2017. Answers (1)
- Highlight four factors that may have hindered the growth of co-operative movements in Kenya(Solved)
Highlight four factors that may have hindered the growth of co-operative movements in Kenya
Date posted: September 19, 2017. Answers (1)
- Highlight four advantages of a hawker over a shopkeeper.(Solved)
Highlight four advantages of a hawker over a shopkeeper.
Date posted: September 19, 2017. Answers (1)
- Highlight the benefits of joining a SACCO.(Solved)
Highlight the benefits of joining a SACCO.
Date posted: September 19, 2017. Answers (1)
- Outline four benefits that Kenya may derive from multi-national operating in the country(Solved)
Outline four benefits that Kenya may derive from multi-national operating in the country
Date posted: September 19, 2017. Answers (1)
- State five advantages of sole proprietorship form of business.(Solved)
State five advantages of sole proprietorship form of business.
Date posted: September 19, 2017. Answers (1)
- Highlight advantages of large scale business organization.(Solved)
Highlight advantages of large scale business organization.
Date posted: September 19, 2017. Answers (1)
- State four uses of an invoice for a Seller of goods.(Solved)
State four uses of an invoice for a seller of goods.
Date posted: September 19, 2017. Answers (1)
- Highlight four factors that may contribute towards the growth of business in the
country.(Solved)
Highlight four factors that may contribute towards the growth of business in the
country.
Date posted: September 19, 2017. Answers (1)
- State four factors that determine the period for which documents should be stored.(Solved)
State four factors that determine the period for which documents should be stored.
Date posted: September 19, 2017. Answers (1)
- List four qualities of an office messenger.(Solved)
List four qualities of an office messenger.
Date posted: September 19, 2017. Answers (1)
- Match each equipment with its appropriate function (a)Telex (b)Telephone (c)Fax Machines (d)Pager(Solved)
Match each equipment with its appropriate function
a)Telex
b)Telephone
c)Fax Machines
d)Pager
Date posted: September 19, 2017. Answers (1)
- Outline four duties of an office manager.(Solved)
Outline four duties of an office manager.
Date posted: September 19, 2017. Answers (1)
- State three reasons why office documents should be filed.(Solved)
State three reasons why office documents should be filed.
Date posted: September 19, 2017. Answers (1)
- Explain five ways in which large scale organization are able to reduce their costs of production(Solved)
Explain five ways in which large scale organization are able to reduce their costs of production
Date posted: September 19, 2017. Answers (1)
- List four functions of entrepreneurs as a factor of production.
(Solved)
List four functions of entrepreneurs as a factor of production.
Date posted: September 19, 2017. Answers (1)