Which of the following sets out the legal minimum wages and conditions for employees in a particular industry, and is determined by an industrial court or tribunal? (A) Agreement (B) Award (C) Contract (D) Statute - HSC - SSCE Business Studies - Question 16 - 2001 - Paper 1

To determine which option sets out the legal minimum wages and conditions for employees in a particular industry, let's analyze each choice:

1. Agreement: This term generally refers to any understanding between parties and does not specifically address minimum wages or conditions set by an authority.

2. Award: This is a legal document that stipulates the minimum wages and conditions of employment in a particular industry. It is typically established by an industrial court or tribunal, making it the correct choice.

3. Contract: This usually pertains to a private agreement between an employer and employee, which may not guarantee minimum wages legally.

4. Statute: While statutes can set minimum wage laws, they do not specifically lay out conditions for each industry like an award does.

Thus, the correct answer is (B) Award.