Every cooperative board of directors is charged with both protecting and utilizing the resources of the cooperative for its members. This simply stated prime directive is far from a simple task.
Balancing the needs of the member with the needs of the cooperative’s balance sheet is a tricky proposition at best. Establishing margins to cover actual costs along with additional net savings that will allow for future growth of services can be difficult, but past performance – together with reasonable expectations and realistic optimism – should drive financial projections.
With the help of the cooperative’s management, boards develop and approve business plans that will meet the organization’s goals. Most planning cycles are conducted annually, creating a budget that anticipates surpluses. New projects offering better services or products are financed along with long-term financing, either with new injections of capital or long-term borrowings. Unrealistic long-term financing projections can seriously interrupt the monthly and daily operations of a cooperative, therefore, understanding how current assets and liability affect the cash to cash cycle is a critical piece of knowledge that any board member needs. Current assets consist of cash, inventories and accounts receivable. Current liabilities include accounts payable for goods and services and the current portion of long or immediate term debt.
Answer:
Democracy itself is defined through the concept of institution. A democracy, Przeworski told us, is possible when the relevant political forces can find institutions that give a reasonable guarantee that their interests will not be affected in an extremely adverse way in democratic competition, that is, when interests are subjected to institutionalized uncertainty. (1986). Trust in institutions is closely linked to political culture. Almond and Verba in The Civic Culture: political Attitudes and Democracy in Five Nations (1963) in a study carried out in 1959, they detect that in what they call a modern society there is much more participation, the key for them would be in the political culture. This refers to the attitude of individuals towards the political system and the role they play as individuals within it. Both attitudes, according to Almond and Verba, can be appreciated through certain patterns of orientation towards the political objects of a nation. These patterns can be of four forms: political orientation, which refers to the internalization of the objects of the political system and the relationships between these objects: the cognitive orientation of the system, which refers to the knowledge of what there is, for example the results of public policy; affective orientation, which focuses on feelings towards the political system, its roles, and functioning; and finally, evaluative orientation, which unites the elements of the previous orientations and allows generating evaluative criteria. Trust in institutions permeates these three levels of political orientation. Finally, Frederick C. Turner and John D. Martz (1997) have analyzed the case of Latin America, where the trust of citizens in institutions is an essential factor for the consolidation of democracy. Ludolfo Paramio (1999) argues that party identification and trust in institutions are conditions for the proper functioning of democracy. In short, institutions are the basis, feed and give value to democracy through various mechanisms at different times. March and Olsen (2006) point out that there are various theoretical approaches to institutions that are distinguished mainly by: first, how they conceive the nature of institutions; second, how they explain the processes that translate into structures and rules and their political impacts, and, lastly, the processes that turn human behavior into rules and structures to maintain, transform or eliminate institutions
I think it depends on the relationship since it’s all ready not that great I would say no because it may cause things to get worse as you go
Traditional authority–which is authority based on custom–is the hallmark of industrialized societies.
<h3>What are
industrialized societies?</h3>
industrialized societies serves as the societies that focus on the production of goods and services , this society uses different means and method to achieve great efficiency and great production.
It should be noted Traditional authority–which is authority based on custom–is the hallmark of industrialized societies.
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