26. A corporation is a legal entity existing by authority of state law, owned by its _, and managed by its elected and appointed a. Shareholders, Officers, Directors b. Shareholders, Directors, Officers c. Directors, Officers, Shareholders d. Officers, Shareholders, Directors 27. Which of the following statements is True about Corporations: a. Corporations may not have more than 1,000 shareholders. b. Corporations must have more than I shareholder. c. Shareholders are the owners of a Corporation d. All of the Above. 28. Which of the following is likely a closely held corporation and/or private corporation a. Apple Inc. (Large company with thousands of shareholders) b. Ferrara Landscaping Co. (Small company with 2 shareholders) c. Neither. 29. One involved in organizing the corporation prior to formation is called a... a. Corporate Organizer b. Promoter c. Corporate Agent d. Director