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Questions and Answers
What is the primary purpose of the Capital Ownership Account (COA)?
What is the primary purpose of the Capital Ownership Account (COA)?
- To serve as a source of capital credit for corporate workers
- To encourage citizens to participate in development
- To provide tax-sheltered savings for individuals
- To enable every person to accumulate wealth and receive dividend incomes (correct)
Which of the following groups of individuals would be eligible to open a Capital Ownership Account (COA)?
Which of the following groups of individuals would be eligible to open a Capital Ownership Account (COA)?
- Disabled and unemployed individuals only
- All individuals, regardless of their employment status (correct)
- Corporate workers only
- School teachers and civil servants only
What is the primary purpose of the Citizens Land Development Cooperative (CLDC)?
What is the primary purpose of the Citizens Land Development Cooperative (CLDC)?
- To provide free land, natural resources, and infrastructure to all citizens
- To encourage citizen participation in governance
- To share control and profits associated with land planning and development (correct)
- To encourage governments and non-profit entities to distribute land ownership
What is the purpose of the Employee Stock Ownership Plan (ESOP)?
What is the purpose of the Employee Stock Ownership Plan (ESOP)?
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What is the objective of the Economic Democracy Act?
What is the objective of the Economic Democracy Act?
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What is the purpose of the Consumer or Customer Stock Ownership Plan (CSOP)?
What is the purpose of the Consumer or Customer Stock Ownership Plan (CSOP)?
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What is one of the ways to reduce public sector costs?
What is one of the ways to reduce public sector costs?
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Study Notes
Capital Ownership Account (COA)
- The primary purpose of the Capital Ownership Account (COA) is to empower individuals with ownership and control of productive capital.
Eligibility for COA
- Low- and moderate-income individuals, including welfare recipients, workers, and farmers, are eligible to open a Capital Ownership Account (COA).
Citizens Land Development Cooperative (CLDC)
- The primary purpose of the Citizens Land Development Cooperative (CLDC) is to enable citizens to acquire and develop land for productive purposes.
Employee Stock Ownership Plan (ESOP)
- The purpose of the Employee Stock Ownership Plan (ESOP) is to enable employees to own shares of their company, thereby promoting employee participation and ownership.
Economic Democracy Act
- The objective of the Economic Democracy Act is to promote economic democracy by broadening individual ownership and control of productive capital.
Consumer or Customer Stock Ownership Plan (CSOP)
- The purpose of the Consumer or Customer Stock Ownership Plan (CSOP) is to enable customers to own shares of the companies they regularly patronize.
Reducing Public Sector Costs
- One way to reduce public sector costs is to adopt programs that promote economic empowerment and broaden individual ownership of productive capital.
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