The owner of a video rental business wishes to allow employees to own part of the business. She can do this by using
A) a profit plan.
B) a Keogh plan.
C) an ESOP (employee stock ownership plan.)
D) a fully vested pension plan.

Question

Quizplus · Accepted Answer

An ESOP (employee stock ownership plan) allows employees to own a portion of the business by investing in the company's stock. This can provide additional benefits to employees and can increase employee motivation and loyalty. A profit plan would only distribute profits and not actual ownership, a Keogh plan is a retirement plan for self-employed individuals not a plan to allow employees to own part of a business, and a fully vested pension plan is also a retirement plan and not a way to provide ownership to employees.

The Owner of a Video Rental Business Wishes to Allow