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Describe each of the three attributes of the transnational HRM system.
IFRS
International Financial Reporting Standards, a set of accounting standards globally accepted for financial reporting.
Standard of Care
The level of care and caution expected from someone who has a responsibility to act carefully.
Distributor's Liability
Legal accountability faced by distributors for selling or distributing defective products that cause harm or loss to the purchasers.
Manufacturer's Negligence
Occurs when a manufacturer fails to meet a duty of care owed, leading to a defective product that causes harm.
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