Which of the following best defines collective bargaining?

Question

Quizplus · Accepted Answer

Collective bargaining is a process of negotiation between employers or their representatives (such as management) and employees or their representatives (such as a labor union) to determine the terms and conditions of employment, including pay, working hours, working conditions, and benefits. Option A is incorrect because exemptions from minimum wage law are typically granted through legislation, not collective bargaining. Option B is incorrect because setting the same wage for all employees is not the goal of collective bargaining, which aims to negotiate wages based on skills, experience, and job requirements. Option C is incorrect because collusion to keep wages below equilibrium is illegal and a violation of antitrust laws.

Which of the Following Best Defines Collective Bargaining