Question

Three members of Santiago's family work at BioTechno, a multinational drug manufacturer. Each of them owns 5% shares of the company respectively. In fact, most of the employees of BioTechno, like Santiago and his family members, are stockholders of the company. BioTechno can be regarded as a(n) __________.

a) Joint Venture
b) Limited Partnership
c) Conglomerate Corporation
d) Employee-Owned Corporation

Answer 1

BioTechno is an Employee-Owned Corporation where Santiago and his family members own shares of the company.Hence, the correct answer is option D .

Step-by-step explanation:

The type of business organization described in the question is an Employee-Owned Corporation. In this case, BioTechno is a corporation, and the employees, including Santiago and his family members, hold shares of the company. This means that the employees have ownership in the company and are considered stockholders. The fact that each family member owns 5% shares indicates that they have a stake in the company's ownership and its profits.