Part B: Answer the questions listed below: 1. Is your corporation a public or private corporation? Why do you feel that it is public or private? 2. You are a director in XYZ Corporation. You are also a director in ABC Corporation, a company with which XYZ Corporation wants to do business. What are your obligations to XYZ Corporation? Why? 3. If someone wants to change the purpose of a corporation from selling computers to rental of office space, what protection does a shareholder with no voting rights have ifthey feel that this will be harmful to the profits of the corporation? What rights does a shareholder who votes against the change have if they feel that it will be harmful to the profits of the company? 4. Identify one advantage and one disadvantage which your corporation has. compared to a partnership