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An Arrangement in Which Employees And/or Managers Contribute a Portion

Question 29

Multiple Choice

An arrangement in which employees and/or managers contribute a portion of their salaries and wages, over time, toward purchasing shares of a company's stock from the founder until they own the company outright, is referred to as:


A) an IPO.
B) a leveraged buyout.
C) a hostile takeover.
D) an ESOP.

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