The Government of Canada Traditionally Only Recognised a Single Type

question 1

Multiple Choice

The Government of Canada traditionally only recognised a single type of Registered First Nation level of governance.

• A) The Tribe
• B) The Band
• C) The Nation
• D) The Village

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, offering limited liability and the ability to raise capital through stock.

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership interest.

Limited Risk

Exposure to a relatively small possibility of loss or less severe consequences in an investment or business activity.

Assets

Resources owned by a business or individual that have economic value and can provide future benefits.