Collective Bargaining Increases _____

question 40

Multiple Choice

Collective bargaining increases _____.

• A) property taxes
• B) total revenues
• C) expenditures in city departments that are covered
• D) total expenditures

---

Definitions:

Compounded Monthly

This refers to the process where interest is added to the principal balance of a loan or deposit monthly, allowing the interest to then earn interest in subsequent periods.

Compounded Quarterly

The method of calculating interest where the interest is added to the principal amount four times a year.

Present Value

The current evaluation of a future sum of money or chain of cash inflows, when calculated at an explicit rate of return.

Compounded Semiannually

Compounded Semiannually refers to the process of applying interest to both the initial principal and accumulated interest of a deposit or loan on a twice-yearly basis.