What does turning the clutch collar do? Tighten/Loosens the jaws Selects clockwise or counterclockwise turning Increases/Decreases the speed of the bit Increases/Decreases the torque of the bit

The question is asking about the function of the clutch collar in a drill or similar tool. The clutch collar is a component that is used to control the amount of torque that is transmitted to the bit. When the clutch collar is tightened, it locks the jaws of the drill onto the bit, providing maximum torque. When it is loosened, it allows the bit to slip, reducing the torque. This is important for preventing the bit from biting too deeply into the material, which could cause damage to the material or the bit itself. The clutch collar does not directly affect the speed of the bit or the direction of turning. Therefore, the correct answer is that it increases or decreases the torque of the bit.