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:
Variable interval
Explanation:
In a variable interval, the researcher will not give the reinforcement on a regular schedule.
The purpose of this type of reinforcement is to condition the subjects to adopt a certain behavior even after the reinforcement is taken away in the future.
<u>Example:</u>
Let's say you want to teach your son to put away his toy after he's done playing it.
In order to encourage him, you give him his favorite candy as soon as he's putting away his toy, but you do not give the candy every time he does it. Sometimes you give it, sometimes you don't.
When this happen, your son will start to develop an understanding that there is always a possibility for candy every time he put away his toy.
This will make him more likely to put the toy away and wouldn't sulk even after he does not receive the candy.
Answer:
In order to be a visionary leader, I would need to have an understanding of how my country could improve. I would need to have foresight and the ability to see ways to solve my country’s problems. I would need to see a way out of the country’s struggles. Next, I would need to communicate this to my country’s citizens. I would need to show them how they could accomplish these goals and help them understand what their future could be.
Explanation:
