Electrix Inc.is an electrical appliances manufacturing company.It distributes shares of stock to its employees by placing the stock in a trust managed on the employees' behalf.Which of the following has been implemented by Electrix in this scenario?
A) Scanlon plan
B) balanced scorecard
C) piecework stock plan
D) employee stock ownership plan
E) differential piece stock plan

Question

Quizplus · Accepted Answer

Electrix Inc. has implemented an employee stock ownership plan (ESOP) by distributing shares of stock to its employees through a trust managed on their behalf. An ESOP is a type of retirement plan that allows employees to own shares in the company they work for, providing them with an ownership stake and potential financial benefits.