The correct statement about the biotechnology of cloning is:
"It allows the possibility of organ formation, yet it has many ethical and moral issues concerning how these organs will be designed."
Cloning is the process of creating an identical copy of an organism, either naturally or artificially. In biotechnology, cloning has the potential to be used for various purposes, including the creation of genetically identical organisms, the production of transgenic organisms, and the possibility of generating organs for transplantation.
However, the use of cloning for organ formation raises ethical and moral concerns, such as the source of the cells used for the cloning, the welfare of the animals involved, and the potential implications for the human genetic code. Therefore, the use of cloning for organ formation is a topic of ongoing debate and study.