The four commonly discussed approaches to international busi

The four commonly discussed approaches to international business ethics are shown below:1)The only socially responsibility of our business is to increase profits, as long as we stay within the rules of law.2)Our firm should adopt the ethics of the culture in which we are operating.3)Our multinational corporation’s home-country standards of ethics are the appropriate ones for our subsidiaries to follow in foreign countries.4)If companies from other nations are not following ethical norms in a host nation, then we should not either.Which of these four approaches is the best approach for an international business to follow? Why?Which of these four approaches is the worst approach for an international business to follow? Why?