Don was recently promoted,and his salary increase includes retirement investment options,so he has decided to take part in an ESOP.This means that Don
A)will be on the company's board of directors.
B)will participate in an Externship Supervisors' Oversight Plan.
C)will be buying or receiving shares of his company's stock.
D)is now one of the company's external stakeholders.
E)is in charge of an investment group.

Question

Quizplus · Accepted Answer

ESOP stands for Employee Stock Ownership Plan, which means that Don will have the option to buy or receive shares of his company's stock as part of his retirement investment options. This will make him a partial owner of the company and allow him to have a vested interest in its success. Options A, B, D, and E are not relevant to ESOPs.

Don Was Recently Promoted,and His Salary Increase Includes Retirement Investment