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

question 113

Multiple Choice

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

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Definitions:

Escalation of Commitment

Is a pattern of behavior in which an individual or group continues to invest in a decision despite evidence of its ineffectiveness or the likelihood of negative outcomes.

Perceptual Defense

The psychological mechanism by which individuals protect themselves from information or stimuli perceived as threatening.

Decision Maker

An individual or group responsible for making choices that will impact the organization.

Visuals

Graphic elements such as charts, graphs, and images used in communication materials to supplement text, making information easier to understand and more engaging.