Concept:Collective bargaining is the formal negotiation process between employers and workers’ representatives to resolve labour disputes.
Explanation:Workplace disputes usually arise over wages, working hours, and conditions of service.
An efficient weapon for resolving these disputes is a peaceful and structured method of discussion.
Collective bargaining involves trade union representatives meeting employers to reach a mutually acceptable agreement.
It is efficient because it reduces the need for strikes, lockouts, or protests.
Co-operation alone is too vague and does not provide a mechanism for settlement.
Displaying placards is an informal protest, not a formal resolution tool.
Legal action is costly, time-consuming, and often adversarial.
Therefore, collective bargaining stands out as the most effective and orderly approach.
Answer:B. collective bargaining