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:(a) efforts to create impressions in the minds of others
Explanation:
Answer:
nature , nurture
Explanation:
The long held debate of nature vs nurture, arises from ancient philosopers and continues in the present. In the yaer of 1869 the issue was named "Nature versus Nurture" by Englishmen Francis Galton.
It was a time where the genotypes and clues of the existence of the DNA were emerging, and people where to observe if genetics shaped personality- or if in the contrary the cultural, social, and educational experiencies will be more important in personality formation.
There exists today a widespread consensus that, to certain degree, there will be always some natural components like the eye color and color of skin, that will however after birth be shaped by environmental factors and the lifestyle.
In the case of other internal characteristics, internal and external forces will shape as well.
Answer: "directive" .
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(as opposed to: analytical, behavioral, conceptual).
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The correct answer is A!!
