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virtues such as honesty are important in that they attract customers. The value of honesty in business has obvious and subtle implications.
Asking who benefits from business honesty can explain why virtue is also
important. Examining the negative effects of dishonest business
practices provides insight into the importance of honesty. In fact, it
is as helpful as looking at the benefits of business honesty. Doing what
is ethical because it is the right thing to do is as essential as
practicing ethical behavior for the positive consequences.
Please let me know if you need any clarification. I'm always happy to answer your questions.
Honesty in accounting allow
investors to trust the information they receive about companies in which
they invest. Business managers rely on honest accounting to run their
companies without fear of biased reporting. Honesty in accounting is the
primary characteristic of the profession that allows financial decision
-makers to make appropriate judgments.