Asked by Bethany Allen on Jun 01, 2024
Verified
Unlike employee stock ownership plans profit-sharing plans give employees genuine ownership.
Profit-Sharing Plans
Employee benefit plans under which a company shares a portion of its profits with its employees, usually distributed based on set criteria such as seniority or salary level.
Genuine Ownership
The authentic and rightful possession of an item or property, confirmed through legal or official means.
- Absorb the key tenets and deployment of remunerative incentives that relate to employee performance.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
False
Explanation :
Profit-sharing plans do not give employees actual ownership of the company's stock or assets, but instead provide a share of the company's profits as a form of bonus or incentive. Employee stock ownership plans, on the other hand, do give employees actual ownership of stock in the company.
Learning Objectives
- Absorb the key tenets and deployment of remunerative incentives that relate to employee performance.