Final answer:
The statement that the creation of an ESOP may dilute the ownership of a corporation is true, as it creates new shares for employees, reducing existing shareholders' ownership percentage. However, the claim that Proprietors of a proprietary colony had no responsibilities other than collecting profits is false, as they also had to manage and develop the colony.
Step-by-step explanation:
The creation of an Employee Stock Ownership Plan (ESOP) can lead to the dilution of ownership of the corporation. This is because when new shares are created for the ESOP, the percentage of the company that each existing shareholder owns is reduced, unless they are able to acquire more shares to maintain their percentage. Therefore, the correct answer to whether the creation of an ESOP may dilute ownership of the corporation is a. True.
In contrast to an ESOP, in a proprietary colony, such as those established during the colonization period, the Proprietors had various responsibilities beyond just collecting profits. These responsibilities included developing the land, recruiting settlers, and establishing a government, among other duties. This makes the statement that the Proprietors have no responsibilities except to collect the profits b. False.