Corporations can also stimulate managers' and employees' incentive on the job by creating an ________ (ESOP).
A)Entrepreneur Stock Ownership Plan
B)Employee Stock Ownership Plan
C)Employee Shares Ownership Plan
D)Entrepreneur Shares Ownership Plan

Question

Quizplus · Accepted Answer

An Employee Stock Ownership Plan (ESOP) is a benefit plan that allows employees to become shareholders in the company they work for. This can motivate them to work harder as they have a stake in the company's success. It can also encourage long-term thinking, as they will benefit from the company's growth in the future. The other options do not accurately describe this type of plan.

Corporations Can Also Stimulate Managers' and Employees' Incentive on the Job