Companywide plans in which a corporation contributes shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees are called .

Question

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Employee stock ownership plans (ESOPs) are companywide plans where a corporation contributes its own stock or cash to a trust, which is then used to purchase company stock for employees.

Companywide Plans in Which a Corporation Contributes Shares of Its