Which of the following statements is true regarding minimum wage?
A) Minimum wage laws are uniform across all countries and regions, with the same amount applied everywhere.
B) Minimum wage is the lowest hourly pay that employers are legally allowed to pay their employees, which can vary be country, state, or region.
C) Minimum wage laws only apply to full-time employees and not to part-time or temporary workers.
D) The minimum wage rate is determined annually by the employer based on employee performance.