Find the matching pairs:

1: Indigenous corporations
2: Public companies

Question

Find the matching pairs:

1: Indigenous corporations
2: Public companies

BlackTom AI · Accepted Answer

We are asked to find the matching pairs for the two items: 1) Indigenous corporations and 2) Public companies, using the provided statements: a) Members must be at least 15 years of age, and b) Can have more than 50 shareholders.
First, consider what each type of entity typically means in a corporate or organizational context. Indigenous corporations are usually member-owned bodies where membership rights are tied to individuals rather than to tradable shares, and they often have specific eligibility rules for joining as a member. Public companies, on the other hand, are defined by their ability to have shares traded publicly and by qualifying to have more than 50 shareholders under various corporate governance frameworks.
Now examine option a) "Members must be at least 15 years of age." This statement centers on a membership eligibility rule. For Indigenous or community-based corporations, membership age requirements can vary by jurisdiction and by the specific constitution or bylaws of the organization. In many traditional corporate or community structures, adulthood or voting rights commonly align with adulthood thresholds such as 18 years or older; a 15-year minimum is less typical and would not be a universal rule across all Indigenous corporations. Therefore, this statement is not a universally accurate descriptor of Indigenous corporations and would be suspect as a general rule.
Next, consider option b) "Can have more than 50 shareholders." This phrasing aligns with a fundamental distinction of public companies: they are permitted and expected to have a large number of shareholders, often exceeding 50, which is a common threshold used in regulatory contexts to distinguish public from private companies. Thus, this statement correctly characterizes public companies in a general sense.
To articulate possible misalignments: If one were to try to pair option a with Indigenous corporations, the mismatch arises because not all Indigenous corporations have a fixed minimum membership age of 15, and even when they do set age rules, 15 is not a universal standard across jurisdictions; it depends heavily on the specific charter. Conversely, pairing option a with public companies would be inaccurate because public companies’ defining feature is about shareholding, not membership age limits. Pairing option b with Indigenous corporations would be inaccurate because Indigenous corporations are typically member-based entities rather than shareholder-based entities, so the idea of having more than 50 shareholders does not apply in the same way.
In summary, the statements aim to distinguish between member-based organizations and share-issuing public entities. The membership-age rule is a quality more likely to attend to Indigenous or community-bylaws (but not universally accurate), whereas the large-shareholder capacity is a hallmark of public companies. The reasoning hinges on understanding the core difference between membership structures vs. shareholding structures, and recognizing that universal age requirements for Indigenous members are not standard across all cases.

22320 Accounting for Business Combinations - Autumn 2025 Quiz 1 (Workshop 02 - 6pm)

Find the matching pairs: 1: Indigenous corporations 2: Public companies

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