True or False

1. It is a creation of the State to alleviate the plight of the less privileged in life.
2. Cooperatives are autonomous associations formed by voluntary acts.
3. Conducts it affairs in accordance with universally accepted cooperative principles.
4. Primary objective is improving the tax revenue for the government.
5. State's policy declaration is to put a stamp on cooperatives as an initiative of government.
6. Allows the lower income and less privileged groups to increase their ownership in the wealth of the nation.
7. Cooperatives are categorized according to membership and territorial considerations
8. A consumer cooperative is one the primary purpose is to procure and distribute commodities to members and non-members.
9. Social, economic and cultural needs and aspirations of the members are achieve by making equitable contributions to the capital required, even without patronizing the products or services of the cooperative
10. Principle of Subsidiarity implies maximum state intervention in the affairs of cooperatives.
11. Main benefit derived by members is economic because members share in cooperative net surplus through patronage of services.
12. When two (2) or more of the business activities of the different types of cooperatives are combined a Marketing Cooperative is formed.
13. Cooperative Development Authority is the lead agency in the promotion of validity and growth of cooperatives to advance it as a vehicle for equity, social justice and economic development.
14. Cooperative is a decision-making unit since it is a business enterprise designed for advancement of the welfare and benefit of members.
15. Cooperative members receive economic benefits according to the degree of their contribution to the cooperative's growth by way of patronizing its products and services.