Acme Global gives its employees stock in the company at the end of each year.The stocks go directly into the employees' retirement accounts as part of the organization's __________ plan.

Question

Quizplus · Accepted Answer

The given scenario of Acme Global giving its employees stock in the company at the end of each year as part of their retirement accounts corresponds to an employee stock ownership plan (ESOP). Profit sharing and stock purchasing plans are different from ESOPs as they involve the employees receiving profits or purchasing stocks from their salaries, respectively. Stock options are similar to ESOPs but they give employees the option to buy company stock at a predetermined price or exercise their option at a future time.

Acme Global Gives Its Employees Stock in the Company at the End