Final answer:
In the state where a corporation is formed, it is referred to as a domestic corporation. A foreign corporation operates in states other than its state of incorporation. Multinational corporations have operations in multiple countries.
Step-by-step explanation:
A corporation is referred to as a domestic corporation in the state in which it was formed. The term 'domestic' implies that the corporation is incorporated and operates primarily within the founding state's legal boundaries. This is in contrast to a foreign corporation, which would be a corporation operating in a state different from where it was legally incorporated. Multinational corporations (MNCs) or multinational enterprises (MNEs) are companies with operations in various countries beyond their home country.