Plans in Which a Corporation Contributes Shares of Its Own

question 84

Multiple Choice

Plans in which a corporation contributes shares of its own stock to a trust established to purchase shares of the firm's stocks for employees are known as ________.

• A) cash plans
• B) Jefferson incentive systems
• C) deferred profit-sharing plans
• D) employee stock ownership plans

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Definitions:

Credit Policy

The guidelines a company follows to decide the amount and terms of credit to extend to customers.

Sales

The activities involved in selling goods or services in return for money or other compensation.

Raw Materials Inventory

Items and components that are stored and eventually used in the production process to create finished goods.

Newell and Company

A multinational manufacturer and marketer of consumer and commercial products with a portfolio of well-known brands across various segments.