Final answer:
Stock options are often used as employee incentives and are typically exercisable.
Step-by-step explanation:
Stock options are often used as employee incentives, and they typically have an exercise price or strike price at which the option holder can buy the company's stock. When an employee exercises their stock options, they purchase the underlying shares at the exercise price. This allows them to own shares of the company, which can be beneficial if the stock price increases over time.
Therefore, the statement 'Stock options are typically exercisable' is true.