BUSI 310 Management by Objectives Liberty University
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BUSI 310 Management by Objectives Liberty University Business 2
Latest notes & summaries BUSI 310 Management by Objectives Liberty University
The corporation is the most common form of business ownership. 
FALSE 
The three major forms of business ownership in the U.S. are sole proprietorships, partnerships, and 
corporations. 
TRUE 
Few people today start their own business. 
FALSE 
Once a business is established, it's almost impossible to change from one form of business ownership to 
another. 
FALSE 
When two or more people legally agree to become co-owners of a business, the form of business is 
called a partnership. 
TRUE
- Exam (elaborations)
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BUSI 310 Management By Objectives Liberty University•BUSI 310 Management By Objectives Liberty University
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The corporation is the most common form of business ownership. 
FALSE 
The three major forms of business ownership in the U.S. are sole proprietorships, partnerships, and 
corporations. 
TRUE 
Few people today start their own business. 
FALSE 
Once a business is established, it's almost impossible to change from one form of business ownership to 
another. 
FALSE 
When two or more people legally agree to become co-owners of a business, the form of business is 
called a partnership. 
TRUE
BUSI 310 Management by Objectives Liberty University(USE AS GUIDE ONLY)
- Study guide
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BUSI 310 Management by Objectives Liberty University•BUSI 310 Management by Objectives Liberty University
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BUSI 310 Management by Objectives Liberty University(USE AS GUIDE ONLY)