QUESTION ONE [40] Read the following excerpt and answer the questions that follow: As businesses expand internationally, they must not only understand an organization's mission, vision, goals, policies and strategies but also must take into account the legal and ethical issues in international business. When companies plan their long-term expansion into a foreign environment, they must tackle serious moral and ethical challenges and decision-making in order to make their expansion a success. Some of the most common ethical issues in international business include outsourcing, working standards and conditions, workplace diversity and equal opportunity, child labor, trust and integrity, supervisory oversight, human rights, religion, the political arena, the environment, bribery and corruption. Businesses trading internationally are expected to fully comply with federal and state safety regulations, environmental laws, fiscal and monetary reporting statutes and civil rights laws. Cultural considerations can also make or break a company conducting business globally. Every culture and nation has its own history, customs, traditions and code of ethics. Cultural barriers include language, which often means a company must rely on translators when speaking to business contacts and customers. Gender can be an issue in countries where women do not have the same rights as men. Religious holidays and other cultural events can prohibit trade at certain times. Acting in accordance with ethical and cultural values is crucial for a multinational company to win clients' support and business and to achieve a competitive advantage in a particular market. Questions: 1.1. In light of the above, global business organisations face a key challenge: critically discuss whether they should apply their own values everywhere they do business, irrespective of the cultural context and standard of local practices. Provide the relevant responses to the above