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HONESTY IN BUSINESS

CONTENT
  1. Meaning of Honesty and Truthfulness
  2. Attributes of Truthfulness, Steadfastness and Straightforwardness
  3. Factors that Cause People to Lie
  4. Rewards for Being Truthful
  5. Consequences of Not Being Truthful
  6. Meaning of Fair Play
  7. Attributes/Qualities of Fair Play
  8. The Six Pillars of Character
 

Meaning of Honesty and Truthfulness

Honesty is the quality of being truthful and trustworthy. To be honest is to tell the truth at all times even at personal risk to oneself. Honesty in business is also known as ethical behaviour in business. Truthfulness means making true statement about something or somebody. It is very important for developing trust and building lasting relationships among people both in and outside the business. It helps people to be objective and lead to confidence and trust between/among business associates. A person who is not truthful is said to be dishonest or untruthful.

Attributes and Characteristics of Truthfulness

The attributes and characteristics of truthfulness include the following:
  1. Consistent behaviour: It is being able to maintain a particular standard that one has been known for. It means one is reliable and can therefore be trusted in all circumstances and by everyone concerned.
  2. Steadfastness: This means, the quality of being firm in one’s dealing with people. Those who are steadfast are loyal, they can be depended upon in all situation.
Lesson tags: Business Studies Lesson Notes, Business Studies Objective Questions, JSS1 Business Studies, JSS1 Business Studies Evaluation Questions, JSS1 Business Studies Evaluation Questions Second Term, JSS1 Business Studies Objective Questions, JSS1 Business Studies Objective Questions Second Term, JSS1 Business Studies Second Term
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