Final answer:
The correct way for employers and employees to agree to vary from legislated minimum standards is by exceeding daily and weekly hours of work and paying overtime as required. Variations must comply with the law and protect employees' rights.
Step-by-step explanation:
Employers and employees may agree to vary from the legislated minimum standards in several ways, which are meant to provide protections and benefits to workers. Of the options provided, the one that represents a legitimate way to deviate from these standards is c) Exceeding the daily and weekly maximum hours of work, assuming that the deviation is compensated by overtime rates as required by law. This is because labor laws, which include setting maximum hours of work, also generally require employers to pay overtime rates for any hours worked beyond the standard workweek. It is important to note that these variations must be in compliance with the law, ensuring that employees are protected while still allowing the flexibility needed in certain workplace circumstances.