Match each Rochdale cooperative principle on the left with its correct operational description on the right.
- Democratic ControlGranting each member equal voting power of one vote regardless of the size of their share contribution.
- Patronage DividendDistributing surplus profits in proportion to the volume of transactions conducted by each member with the society.
- Voluntary and Open MembershipAllowing qualified individuals to join or resign freely without social, political, or religious discrimination.
- Limited Interest on CapitalCapping financial returns on contributed equity to prevent capital speculation and focus on member service.
Answer
Democratic Control matches with granting each member equal voting power of one vote; Patronage Dividend matches with distributing surplus profits based on transaction volume; Voluntary and Open Membership matches with allowing free entry and exit without discrimination; Limited Interest on Capital matches with capping financial returns on contributed equity.
Each Rochdale cooperative principle directly corresponds to its operational definition: Democratic Control enforces equal voting rights (one member, one vote); Patronage Dividend returns surplus based on member trading volume; Voluntary and Open Membership ensures non-discriminatory admission and resignation; and Limited Interest on Capital restricts financial yield to keep member service paramount.
Step-by-Step Solution
Key Concept
Rochdale Principles of Cooperation