40. Huckleberry and Schmedrick want to form and do business as Fus Time Corporation. Rhis cooperation will managed under the law as a. b. c. d. A natural person A tangible thing A virtual presence An artificial person 41. Tara and Hassan want to from and do business as Travel & Dine, Inc. They will serve as the firm's directors and officers, and will initially hold all of the stock in the company. A corporation is owned by a. b. c. d. The officers The employees The shareholders The board of directors 42. Huckleberry and Schmendrick are shareholders in Sunny Fun Corporation, a Mexican corporation doing business in Texas. In Texas this corporation is considered a. An alien corporation b. An illegal corporation c. A domestic corporation d. A foreign corporation 43. Tulip Corporation is incorporated in North Carolina. In that state, Tulip is a. A non-entity b. A foreign corporation C. A domestic corporation d. An alien corporation 44. Patrick incorporates his business as Stick Wire Inc. In Arizona. He and his group of shareholders intend to make a profit from their sales of fencing wire. Slick Wire is a. A benefit corporation b. A nonprofit corporation c. Not a corporation d. A private corporation 45. The shares of Big Loan Corporation are publicly traded in securities markets. Big Loan Corporation a. b. c. d. A public corporation A publicly held corporation A close corporation A privately held corporation