Question

Which of the following are new principles of Cooperation?

a) Democratic Member Control

b) Concern for Community

c) Education, Training, and Information

1. a only
2. b only
3. b and c both
4. All of the above

Answer 1

Correct Answer - Option 4 : All of the above

The correct answer is All of the above.

• Cooperative:
  • A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
• Cooperative values :
  • Cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity.
  • In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility, and caring for others.

• Cooperative Principles:
  • The cooperative principles are guidelines by which cooperatives put their values into practice.
    • Voluntary and Open Membership
    • Democratic Member Control
    • Member Economic Participation
    • Autonomy and Independence
    • Education, Training, and Information
    • Cooperation among Cooperatives
    • Concern for Community

• The statement on the Cooperative Identity states that a cooperative is an “autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise”. 
• The International Cooperative Alliance (ICA) is the global steward of the Statement on the Cooperative Identity – the Values and Principles of the cooperative movement.
• In 1995, the ICA adopted the revised Statement on the Cooperative Identity which contains the definition of a cooperative, the values of cooperatives, and the seven cooperative principles as described above.