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Why is honesty important in business?

Answer and explanation

Correct answer: To build trust

Honesty means giving truthful information, keeping promises where possible, recording transactions accurately, and dealing fairly with stakeholders. It builds trust with customers, employees, suppliers, lenders, and investors, supporting lasting relationships and reputation. Cheating, false promises, and erasing records are dishonest practices that create legal and commercial risks.

Related tags

HonestyEthicsTrustBusiness EthicsSocial Responsibilities Of Business And Business EthicsBusiness StudiesClass 11 Mcq

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