A Sinking Fund Is Managed by a Trustee for Which

question 41

Multiple Choice

A sinking fund is managed by a trustee for which one of the following purposes?

• A)paying interest payments
• B)early bond redemption
• C)converting bonds into equity securities
• D)paying preferred dividends
• E)reducing coupon rates

---

Definitions:

Legal Bargaining Item

Issues or matters that are legally required to be negotiated in good faith between unions and employers during collective bargaining.

Union Representation

The act of a labor union acting as the intermediary between the workforce and management to discuss employment terms, grievances, and rights.

Closed Shop Provisions

Labor agreement terms requiring that employees be members of a labor union as a condition of employment, now illegal in many places under "right to work" laws.

Bargaining Book

A document or set of documents used by negotiators during union-management negotiations that contains facts, figures, and proposals for discussion.