Asked by sharon gordon on May 09, 2024
Verified
Relying on corporate codes of conduct to establish fair labor standards in an international market is a lot like relying on human resource policies to establish fair labor standards in a domestic market.
Corporate Codes of Conduct
A set of guidelines designed to help businesses operate in a legal, ethical, and responsible manner.
Labor Standards
The criteria relating to minimum wage, working hours, health, safety, and overall working conditions that employers must adhere to.
- Develop an understanding of the international commitment to fair trade, the World Trade Organization's part, and the controversies regarding labor and environmental provisions in trade treaties.
Verified Answer
LC
Lance CormierMay 10, 2024
Final Answer :
True
Explanation :
Both corporate codes of conduct and human resource policies are internal policies created by the company for employees to follow. While these policies may outline expectations for fair labor practices, they are not legally binding and may not be enforced or followed consistently, especially in an international market where regulations and enforcement mechanisms may differ. Thus, relying solely on internal policies is not enough to guarantee fair labor standards in either domestic or international markets.
Learning Objectives
- Develop an understanding of the international commitment to fair trade, the World Trade Organization's part, and the controversies regarding labor and environmental provisions in trade treaties.
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