This is a take-home test. You are free to use any resource that you would like in order to complete it. Because you can do so, I will necessarily be stricter with my grading. Please bring the completed exam with you to class on MONDAY, MAY 2.Short answer or fill-in-the-blank.1. What is the most numerically common form of business in the United States?2. An association of two or more people to carry on business for a profit is called a __________________.3. In class we discussed the book Ship of Gold in the Deep Blue Sea, which concerned the successful search for gold lost when a sidewheeler steamboat sunk during a hurricane in 1857. The explorers formed an entity in which one participant had unlimited liability potential, while the others could lose no more than their investments. What kind of entity was this?4. The legal theory under which creditors may go after the personal assets of stockholders on the theory that the limited liability of the corporation should be disregarded because the owners have failed to keep their business and personal affairs separate is known as ____________________________________________.5. Explain what is meant by the term "unlimited personal liability" in conjunction with negative characteristics of certain types of business entities.6. Explain what is meant by the term "pass-through entity."