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

Quizplus · Accepted Answer

The description matches that of an employee stock ownership plan, which is a type of broad-based ownership plan where employees own shares of the company's stock through a trust established by the company.

Companywide Plans in Which a Corporation Contributes Shares of Its