Employee stock ownership plans give employees part ownership of the company, enabling them to share in improved profits.

Question

Quizplus · Accepted Answer

Employee stock ownership plans (ESOPs) are designed to give employees part ownership of the company, either through the direct purchase of company stock or through stock options, allowing them to share in improved profits and potentially benefit from an increase in the company's stock value.

Employee Stock Ownership Plans Give Employees Part Ownership of the Company