1.Two important elements of the economic theory of property rights are the possession of residual control and the allocation of residual claim rights.

True

False

2.Cooperative board of directors frequently contain outside (non-member) decision experts.

True

False

3.The federal immigration laws do not apply to cooperatives in the same way that they apply to other corporations.

True

False

4.Supply cooperatives do not sell their products on credit.

True

False