Which of the following is true about collective bargaining?

Collective bargaining is a process where employers and employees negotiate terms of employment, including wages, working hours, benefits, and other conditions of work. The process is a significant aspect of labor relations and is designed to promote a cooperative relationship between management and the workforce. The correct choice indicates that collective bargaining can indeed lead to legally binding agreements. When both parties reach a consensus, the outcome of the negotiations is typically memorialized in a collective bargaining agreement (CBA). This agreement is enforceable by law, which outlines the rights and obligations of both parties, thereby providing a framework for resolving disputes that may arise in the workplace.

The primary purpose of collective bargaining is to ensure that employees have a voice in the workplace and that their concerns are addressed through formal negotiations. This process helps maintain stability in labor relations and can lead to improved working conditions and employee satisfaction.

The other options do not accurately reflect the nature of collective bargaining. For instance, participation in collective bargaining is generally voluntary and not mandatory for all workers. Additionally, collective bargaining does not require employees to work without a contract; rather, it often results in a negotiated contract. Lastly, collective bargaining is not limited to the private sector, as public sector employees in many jurisdictions also have the right to engage in