It Is a Known Fact That the Same Multinational Company

question 12

Multiple Choice

It is a known fact that the same multinational company may pay lower wages to its workers in a developing country than to those in an industrialized country.Why is this not considered an evidence of worker exploitation?

• A)Rich people deserve higher pay.
• B)Once we take into account the difference in the cost of living in both kinds of countries, the wages are actually about the same.
• C)Local wages in developing countries are generally lower than in industrialized countries, with or without globalization.
• D)Workers in developing countries have higher benefits, making the overall wages about the same in both kinds of countries.
• E)Most workers in developing countries are comparatively younger, and they get lower wages because of their lack of experience.

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Definitions:

Collecting Bank

A bank that handles the processing of payments (like checks) on behalf of the payee or a client bank.

Material Alteration

A substantial change to a document or agreement that affects its essence or legal effectiveness.

Genuine Signatures

Authentic and original signatures that verify the identity of signatories and their intent.

Unauthorized Signatures

Signatures made without the express permission or authority of the person purported to sign, potentially leading to legal complications in contract enforcement.