Three members of Abdul's family work at BioTechno,a multi-national drug manufacturer.Each of them owns 5% shares of the company respectively.In fact,most of the employees of BioTechno,like Abdul and his family members,are stockholders of the company.BioTechno can be regarded as a _____.
A)sole proprietorship
B)employee-owned corporation
C)family-owned business
D)partnership

Question

Quizplus · Accepted Answer

Since most of the employees, including Abdul and his family members, own shares in the company, BioTechno can be regarded as an employee-owned corporation. It is not a sole proprietorship or family-owned business as other individuals or families may also own shares in the company. It is not a partnership as there is no indication of multiple owners working together to run the business.

Three Members of Abdul's Family Work at BioTechno,a Multi-National Drug