Question

Why is Denmark known as the “Dairy Farm of Europe”?

• A. Its robust financial reporting standards facilitate international trade.
• B. A high degree of financial transparency supports agricultural investment.
• C. Famous for dairying and agricultural co-operation
• D. Its accounting practices excel in managing agricultural supply chains.

Answer 1

Answer:

C. Famous for dairying and agricultural co-operation

DENMARK

• The Dairy Farm & Co-operative Hub of Europe

Basic Facts

• Capital: Copenhagen

• Currency: Danish Krone (DKK)

Why is Denmark World-Renowned?

• Known as the “Dairy Farm of Europe”

• Famous for dairying and agricultural co-operation

• No formal Co-operative legislation – the movement grew voluntarily

• Birthplace & promoter of Single Purpose Societies

Called “Co-operative Denmark” due to widespread success in:

• Agriculture

• Dairying

• Consumer goods

• Bacon, Eggs

• Insurance

• Seen as the “Torchbearer of the Co-operative Movement” globally Because of the success of cooperatives in agriculture, dairying, consumer, bacon, egg, insurance etc. the country is also known as cooperative Denmark.

• Co-operatives in Denmark grew as a voluntary movement