In Addition to It Use to Attract and Hold Key

question 67

Multiple Choice

In addition to it use to attract and hold key personnel,ESOPs can also:

• A)allow employees to veto management decisions.
• B)give employees a share of liability.
• C)give owners a way to cash out of the business
• D)provide an incentive for managers to reduce labor costs.

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Definitions:

Investigation Stage

The preliminary phase in a project or process where information is gathered and analyzed to understand a problem or situation better before making decisions.

Phased Conversion

Implementation process that introduces components of the new system in stages, until the entire new system is operational.

System Stages

The phases or steps in the lifecycle of a system, including conception, development, deployment, operation, and decommissioning.

Parallel Conversion

A method of implementing a new system where the old and new systems run simultaneously for a period of time to ensure the new system works correctly.