SCENARIO 5-1 Your corporation has decided to let employees purchase stock in an employee stock ownership plan (ESOP).Each employee will have the opportunity to have a certain percentage of his or her pay put into an account to purchase stock in the company.
-Refer to Scenario 5-1.An ESOP is part of the employee benefit program.

Question

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An ESOP is a type of employee benefit program that allows employees to purchase stock in the company they work for.

SCENARIO 5-1 Your Corporation Has Decided to Let Employees Purchase