Assume That You Work for a Business in Which the Entrepreneur/owner

question 32

Multiple Choice

Assume that you work for a business in which the entrepreneur/owner wants to transfer ownership of the business to the employees. The entrepreneur sets up an Employee Stock Ownership Trust which borrows money and buys shares of stock from the business. These shares will later be transferred to the employees. This form of transfer is known as

• A) bonus transfer plan.
• B) leveraged plan.
• C) transfer of ownership plan.
• D) limited partnership plan.
• E) None of the above.

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Definitions:

Weekly Salaries

The amount of money or compensation given to an employee for one week of work.

Teaching Experience

The accumulated amount of time and expertise gained by an individual in the field of education, through the act of instructing or training learners.

Weights

Objects, often made of metal, used during exercise to increase strength or resistance training.

Heights

The measurement of how tall something or someone is, or the vertical distance from the bottom to the top.