Legal responsibility consists of

Question

Quizplus · Accepted Answer

Legal responsibility entails following the rules and regulations of the countries in which businesses operate. As such, companies must comply with both local and national directives regarding business practices, corporate governance, and compliance with local labor, environmental, and health and safety regulations. Thus, option A is the best answer choice. Option B is incorrect; a company must follow local regulations and directives, even if those rules deviate from the home country's standards. Option C is incorrect; companies may not operate outside the legal boundaries of the country, even if it results in higher profits. Option D is incorrect; while hiring legal counsel in the host country may be necessary, it is not the only form of legal responsibility.

Legal Responsibility Consists of