Mike is working for a growing video game design company.One of the reasons he took the job is that if he bought stock in the company,the company would match the amount he invested.Mike feels that this would allow him to benefit from the company's growth,over and above just getting his regular salary and other benefits.This kind of plan is called a/an ____ plan.

Question

Quizplus · Accepted Answer

A stock purchase plan is a type of employee benefits plan in which employees can purchase company stock. Many companies offer a matching program where the company matches the employee's investment up to a certain amount. This allows employees to benefit from the success of the company and potentially earn additional income through the growth of the stock value. The other options, employee-owner, 401(k) and phantom stock, do not accurately describe the type of plan Mike is participating in.

Mike Is Working for a Growing Video Game Design Company