JSS 1 Business Studies Flashcards: Meaning, Attributes and Importance of Honesty in Business

Question 1

What is honesty?

Accepted Answer

speaking and acting truthfully

Question 2

Giving correct information even when inconvenient is what?

Accepted Answer

truthfulness

Question 3

Acting without pretence or deceit shows what?

Accepted Answer

sincerity

Question 4

Treating people by the same just rules shows what?

Accepted Answer

fair play

Question 5

Speaking openly and directly without deception shows what?

Accepted Answer

frankness

Question 6

Making business decisions and records open to proper inspection shows what?

Accepted Answer

transparency

Question 7

A cashier reports an excess in the till instead of keeping it. The quality shown is ____.

Accepted Answer

honesty

Question 8

Why is honesty important in business?

Accepted Answer

it builds lasting trust

Question 9

What business reward can follow honesty?

Accepted Answer

customer loyalty

Question 10

What personal reward can honesty bring?

Accepted Answer

a good reputation

Question 11

Fear of punishment may cause some people to do what?

Accepted Answer

lie

Question 12

Greed can lead a worker to what dishonest act?

Accepted Answer

steal or falsify records

Question 13

How can clear records discourage dishonesty?

Accepted Answer

they make transactions easier to verify

Question 14

How can supervision reduce dishonesty?

Accepted Answer

it increases accountability

Question 15

What should a worker do after making an error?

Accepted Answer

admit and correct it promptly

Question 16

How can dishonesty affect customers?

Accepted Answer

they may lose money or receive poor value

Question 17

How can dishonesty affect a business?

Accepted Answer

it may lose customers and face penalties

Question 18

What may happen to an employee proven to have stolen?

Accepted Answer

disciplinary action or dismissal

Question 19

Why should promises to customers be realistic?

Accepted Answer

false promises destroy trust

Question 20

What advertising practice shows honesty when a business describes its product?

Accepted Answer

making claims that can be supported

Strong work.