What is a modern award in the context of employment?

A modern award is indeed a document that outlines the minimum employment standards and conditions for specific industries or occupations within Australia. These awards are part of the Fair Work system and provide employees with entitlements regarding wages, hours of work, leave, and other employment conditions. They are established to ensure fair pay and conditions across similar roles and to protect workers from exploitation.

In contrast, the other options do not accurately represent what a modern award entails. A flexible agreement based on individual negotiations would refer to an enterprise agreement, not a modern award. A type of menu offered at large events is unrelated to employment standards. Lastly, a service that provides training for staff does not describe the function of a modern award, as it focuses on employment conditions rather than training.