Which of the following statements is true of employee stock ownership plans?
A)They encourage employees to become involved in strikebreaking.
B)They create a sense of partnership between a firm and its employees.
C)They reduce employee morale and productivity.
D)They increase the possibility of lockouts.
E)They are applicable only to senior employees of a firm.

Question

Quizplus · Accepted Answer

Employee Stock Ownership Plans (ESOPs) are designed to provide employees with a stake in the company, creating a sense of ownership and partnership. This often leads to increased loyalty, morale, and productivity as employees feel more connected to the success of the company.

Which of the Following Statements Is True of Employee Stock