Explanation:
Understanding and adhering to these laws is essential for multinational corporations to maintain ethical practices and avoid legal repercussions. These laws vary significantly from country to country, presenting a challenge for global businesses.
Practical Example of International Labor Laws:
A multinational corporation operating in multiple countries must comply with each country's labor laws, such as adhering to the minimum wage in the UK, respecting maximum working hours in France, and following safety standards in Australia.
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