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:
Structured interview
Explanation:
An Structured Interview is a type of interview in which a particular set of predetermined questions are prepared by the interviewer in advance. The interviewer has a predetermined list of topics he needs to collect information about and so he has an interview guide that he uses to interview people. Thus, this type of interview presents the same questions in the same order every time.
In this example, candidates who apply for jobs at Susrett check the internet to find out the regular set of questions the recruiters ask during the recruitment process. A lot of these applicants find it easy to answer the questions because <u>the interviewers ask the same set of questions every time</u>. Thus,<u> the interviewers will likely have an interview guide with the same set of questions for all applicants.</u> Thus, this would be an example of structured interview.
