Please post detailed answers to the following questions. Please use complete sentences. You may have noticed that honesty and ethics are important in finance and business careers. Why is this so important?

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Explanation:

Ethics are a set of regulations and that guide people's behaviors. They are a set of generally accepted behavior in society. Ethics in business refers to the deliberate efforts to do the right thing.

Honesty and ethics are important in finance and business careers due to the following reasons

Finance and business professionals deal with sensitive information.  They have access to financial records, accounting records, and personal shareholders and employees' records. Honesty and integrity are essential to ensure that the reports they present are accurate and reliable.

The majority of fraudulent activities originate from finance and business departments. Having employees of high integrity in those units will help protect business assets and assure the reliability of financial data.

  2. Public Image and Brand Value Increases

Honest and ethical workers add to the goods reputation of a company. Business partners and customers will feel more confident transactions with the company. The company's brand image and value increase in the eyes of the public.

3. Team Work develops:

Honest workers have a relatively easy time working with others. Teamwork increases when employees work responsibly and as expected.

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