Quentin wants to reward his employees while also raising equity in his small business. By doing this, he will be able to keep control of the business until the time comes to hand over the reins to his eligible employees. Quentin has decided to start ______.
A) merit pay system
B) profit sharing
C) gainsharing
D) an employee stock ownership plan

Question

Quizplus · Accepted Answer

An Employee Stock Ownership Plan (ESOP) allows employees to become owners of stock in the company, aligning with Quentin's goal of rewarding employees while raising equity and maintaining control until he decides to transfer ownership.

Quentin Wants to Reward His Employees While Also Raising Equity