The School District Negotiator Notes During Contract Negotiations with the Teachers

question 80

Multiple Choice

The school district negotiator notes during contract negotiations with the teachers' union that the district cannot afford a 3% wage increase.The district negotiator presents the current expenditure budget,the projected tax revenue and state contributions,and the currently increasing unemployment rate in the community's tax base as evidence of the lack of extra money for the increases.The district negotiator is attempting to convince the teachers' negotiator to pull back his demands using

• A)inspirational appeals.
• B)pressure.
• C)rational persuasion.
• D)personal appeals.

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Definitions:

Bond Discount

Occurs when a bond is issued for less than its par (or face) value; the difference between the issue price and the par value.

Interest Payment

The amount paid by a borrower to a lender for the use of borrowed money, typically expressed as an annual percentage of the loan principal.

Journal Entry

A recording of a financial transaction in an accounting journal, indicating the accounts and amounts to be debited and credited.

Interest Expense

The cost incurred by an entity for borrowed funds; interest payments made on debt.