An ESOP Refers to an

question 16

Multiple Choice

An ESOP refers to an

• A)Earnings to Share Operating Procedure
• B)Employee Share Ownership Plan
• C)Elevated Standardized Operational Program
• D)Employer Stock Options Plan

---

Definitions:

Job Enlargement

Involves adding more tasks or responsibilities to an employee's current job role to enhance job variety.

Extrinsic Reward

Rewards given from an external source, such as money or praise, which motivate individuals to perform tasks.

Intrinsic Reward

A type of motivation driven by internal satisfaction rather than external rewards, like enjoying the process of learning.

Job Rotation

A method of employee development where individuals are moved through a variety of positions within an organization to gain exposure to different aspects of the business.