When a group of 50 home-schooling parents in California form a nonprofit members

Question

When a group of 50 home-schooling parents in California form a nonprofit membership organization to buy teaching materials at a discount, the parents have probably formed a (a. syndicate, b. business trust, c. cooperative, d. joint stock company ) The Big R is a cooperative that has several outlets in the Simi Valley area. Its stores sell farm and ranch supplies. It was formed to obtain quantity discounts and pass them along to its members. Big R is a type of (a. franchise cooperative, b.consumer-purchasing cooperative, c. seller-marketing cooperative. d. trust-document cooperative). Shari gets together with a group of her friends to pool their funds to buy a house, fix it up, and rent it out. This is a joint venture arrangement but also could be know as a )a. business trust. b. syndicate, c. cooperative, d.limited liability company)

Explanation / Answer

Ans 1 c) Co-operative

It is an assocition which is formed to provide economic services to its member. It may or may not be incorporated. It provides services without profit motive to its members. So when home schooling parents form an organization to get discount on teaching material purchased it is a for of cooperative, as it is for the benefit of their members.

Ans 2 b) consumer purchasing cooperative.

Consumer purchasing cooperative is a form of cooperative which is formed to get quantity discount to its members.So the memebers get the the sell farm and ranch supplies at lower prices through this coopeartive.

Ans 3 b) Syndicate

Joint venture is sometimes known as Syndicate. Syndicate is an association of people who come together pool their resources and carry out a particular task and get the desired results or we can say they come tgether to establish some common purpose and work unti that pupose is achieved. So in this case Shari and his friends pool funds and buy a house than fix it up and than rent it. So it is a type of joint venture which can be also known as syndicate

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