Which term describes the process by which business owners and workers sit down together and work out their differences?

A. Collective bargaining

B. Referendum

C. Temperance

D. Labor unionization

The correct answer is A. The process by which business owners and workers sit down together and work out their differences is known as collective bargaining.

Explanation:

Collective bargaining is a negotiation process between, on the one hand, organizations that represent employees and, on the other, employers or their organizations, and whose aim is to reach an agreement that governs working conditions. Employees' interests are usually represented through trade unions and employers through employers' associations.

The collective agreements reached through the negotiations usually include agreements that regulate wages, working hours, education, insurance, overtime, employee representation and participation in the workplace and in the company's management and more.