Zoey is the CEO of a corporation she organized herself, and the corporation has15 shareholders. The company operates in several states, as well as outside of the U.S. Her business consists mostly of training services for in-home medical care personnel. Her company would be a __________ corporation.

• Domestic
• Subchapter S
• Alien
• Professional
• Closely-held

What is the appropriate description for a plant-processing franchise?

• A franchisee produces and sells a franchisor's product using the franchisor's name.
• A franchisee makes or sells a franchisor's product.
• A franchisee sells a franchisor's product in a specific geographic area.

Hal organized his business in Canada. Most of his customers are in Montana. In Montana, Hal's business would be considered a(n) __________ corporation.

• Alien
• Domestic
• Closely-held
• Professional
• Subchapter S

Tucker works for a retail distribution company that was recently started. Tucker has invested a lot of his earnings into shares of the company. When quarterly earnings are posted, Tucker receives a check for 8% of the quarterly profit of the company. Tucker belongs to a __________ corporation.

• Closely-held
• Professional
• Alien
• Domestic
• Subchapter S