CT3 Employee Stock Ownership Plan Quiz

CT3 Employee Stock Ownership Plan Quiz

19 Qs

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CT3 Employee Stock Ownership Plan Quiz

CT3 Employee Stock Ownership Plan Quiz

Assessment

Quiz

Practice Problem

Easy

Created by

Kirsten Burke

Used 1+ times

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19 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Media Image

What is the purpose of the CT3 Employee Stock Ownership Plan (ESOP)?

To provide cash bonuses to employees

To allow employees to share in the Company's growth

To offer health insurance benefits

To replace employee salaries

2.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Media Image

When did the CT3 Employee Stock Ownership Plan become effective?

January 1, 2020

January 1, 2021

January 1, 2022

January 1, 2023

3.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Media Image

What form can contributions to the ESOP take?

Cash or Company stock

Real estate or bonds

Gold or silver

Cryptocurrency or foreign currency

4.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Media Image

Who is responsible for the overall operation of the ESOP plan?

The CEO

The Plan Administrator

The Board of Directors

The Human Resources Department

5.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Media Image

Do employees need to contribute to the ESOP?

Yes, monthly contributions are required

Yes, annual contributions are required

No, employees do not contribute

Only if the company requests

6.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Media Image

When does participation in the ESOP end?

When you receive a promotion

On the date you terminate employment with the Company

When you take a vacation

On your original hire date

7.

MULTIPLE CHOICE QUESTION

1 min • 2 pts

Media Image

How is the fair market value of Company stock in the ESOP determined each year?

By the company's CEO.

By the ESOP's independent appraiser.

By the stock market index.

By the employees' vote.

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