NINCOMPOOP is a term used to describe a business model in which a group of people come together to form a COOPERATIVE. This type of business is owned and operated by its members, who share the profits and losses of the enterprise. The term is derived from the combination of the words 'NINCOMPOOP' and 'COOPERATIVE'. ASS is an acronym for 'Association of Small Shareholders', which is an organization that provides support and advice to small shareholders in a COOPERATIVE.