In an) __________, employees are rewarded by being given company stock or by being allowed to purchase it at a price below market value.
A) single payoff
B) ESOP
C) gain-sharing plan
D) individualized payoff
E) lump-sum increase

Question

Quizplus · Accepted Answer

An ESOP (Employee Stock Ownership Plan) is a type of employee benefit plan that allows employees to own a portion of the company through stocks or by purchasing them at a reduced price. This type of plan incentivizes employees to work harder and increase the company's performance because as shareholders, they have a vested interest in the company's success.

In An) __________, Employees Are Rewarded by Being Given Company