What is meant by international business ethics? Should the local culture affect ethical practices? What are the implications of local norms for ethical decisions by MNC managers?

A) International business ethics is the set of norms,values,morals and principles which guides the conduct and how the people interact within a business entity.

B) Local culture should affect business ethics as it helps to ensure that the customs and traditions of the local communities are considered.

C) it helps to promote corporate between the MNC and its host Community.

It helps to improve the business of the MNC.(multinational corporations)

Explanation:Ethics is a set of norms or moral standards adopted as a way of life and a standard of living or interacting within a business entity.

Ethics should be in relationship with the local norms or customs of the society or Community.

Ethics helps to make the Business environment friendly with the society as it considers their own norms etc

Multinational corporations should always consider the local communities when formulating ethics as it will help to improve their business performance.

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