Company-wide plans in which a corporation contributes shares of its own stock to a trust established to purchase shares of the firm's stocks for employees are known as ________.

Question

Quizplus · Accepted Answer

The described company-wide plans are known as employee stock ownership plans, which allow employees to own a portion of the company's stock through a trust. This can serve as an incentive for employees and can also provide certain tax benefits for the corporation.

Company-Wide Plans in Which a Corporation Contributes Shares of Its