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Answer Key 1. The corporation is the most common form of business ownership 
05 Key 
1. (p. 114) The corporation is the most common form of business ownership. 
 
AACSB: Reflective Thinking 
Blooms: Knowledge 
Learning Goal: 05-1 
Level of Learning 1: Knowledge of key terms 
Nickels - Chapter 05 #1 
Topic: Basic Forms of Business Ownership 
2. (p. 114) The three major forms of business ownership in the U.S. are sole proprietorships, partnerships, and 
corporations. 
 
AACSB: Reflective Thinking ...
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Answer Key 1. The corporation is the most common form of business ownership 
05 Key 
1. (p. 114) The corporation is the most common form of business ownership. 
 
AACSB: Reflective Thinking 
Blooms: Knowledge 
Learning Goal: 05-1 
Level of Learning 1: Knowledge of key terms 
Nickels - Chapter 05 #1 
Topic: Basic Forms of Business Ownership 
2. (p. 114) The three major forms of business ownership in the U.S. are sole proprietorships, partnerships, and 
corporations. 
 
AACSB: Reflective Thinking ...