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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