1.Describe the basic principles of ethical philosophy as they relate to business ethics.2.Discuss how the social institutions and their basic forms could help you as the Vice President of International Operations in a Fortune 500 company to choose which target country in which to establish your subsidiary.3.The gradual demise of communism has become obvious within the past two decades. Write a brief summary of the implications of transitions to capitalism that formerly communist countries may be experiencing. What kinds of socio-economic challenges do you think multinationals face in those countries?4. What factors do you think are responsible for Africa’s slow economic development? What can the multinationals do to help?