Match each Rochdale cooperative principle on the left with its correct operational definition on the right.
- Voluntary and Open MembershipGuarantees that any eligible individual can join or withdraw without social, gender, or political discrimination.
- Democratic Member ControlEnforces equal voting power per person ('one member, one vote') regardless of shareholding size.
- Limited Interest on CapitalCaps financial returns on invested equity to prioritize member service over profit speculation.
- Patronage Dividend DistributionRefunds surplus earnings to members in direct proportion to their volume of transactions with the society.
Answer
Voluntary and Open Membership pairs with non-discriminatory entry/exit; Democratic Member Control pairs with equal voting power regardless of shares; Limited Interest on Capital pairs with capping financial returns on share capital; Patronage Dividend Distribution pairs with returning surplus according to transaction volume.
The Rochdale principles establish the foundational operating guidelines for cooperative societies. Open membership guarantees non-discrimination; democratic member control mandates equal voting rights ('one member, one vote'); limited interest on capital avoids profit-seeking speculation; and patronage dividends ensure surplus distribution rewards active member participation.
Step-by-Step Solution
Key Concept
Rochdale Principles of Cooperative Enterprise