" In resolving industrial disputes, collective bargaining has been viewed from three perspectives:
A. As a change in contract language
B. As a peace treaty between the conflicting parties
C. As a system of industrial jurisprudence
D. As a process of company policy
E. As a process of social change
Choose the correct answer from the options given below:

Correct option is C

Collective bargaining is a negotiation process between employers and employees (or their representatives, such as unions) aimed at resolving disputes and creating agreements on wages, work conditions, and other employment issues. Collective bargaining can be understood from three key perspectives in the context of industrial disputes:
1. E. As a process of social change: Collective bargaining acts as a force for social change by improving the rights and conditions of workers. It pushes for better wages, work hours, safety standards, and other employment terms, leading to broader socio-economic shifts. Through negotiation, collective bargaining transforms labor relations, helping to address social inequalities and bring about a fairer distribution of wealth and opportunities in the workplace.
2. B. As a peace treaty between the conflicting parties: In many industrial conflicts, collective bargaining serves as a form of peace treaty between employers and employees. It facilitates discussions and compromises that prevent or resolve disputes. This perspective emphasizes the role of collective bargaining in maintaining industrial peace by finding mutually acceptable solutions to conflicts, which prevents strikes, lockouts, and other disruptive actions.
3. C. As a system of industrial jurisprudence: Collective bargaining establishes a set of rules or agreements governing labor-management relations, which is why it is viewed as a form of industrial jurisprudence. It creates a legal framework within which the rights, duties, and obligations of both employers and employees are outlined and enforced. This perspective sees collective bargaining as a quasi-legal system where negotiated contracts have the force of law within the industrial relationship.
Information Booster:
Collective bargaining plays a significant role in promoting labor rights, ensuring fair wages, and resolving industrial conflicts. The agreements reached through collective bargaining can help create a stable and cooperative work environment by aligning the interests of workers and employers, which in turn contributes to industrial harmony and productivity.