Assessment of Honesty as the Soul of Business

Financial Market Activity
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In the video, "What really motivates people to be honest in business," Alexander Wagner brings forth ethical principles that affect the majority of public corporations in the United States. According to the American Finance Association president, honesty has become a major issue that needs to be dealt with, just like how the Swiss government deals with financial sectors. In his speech, Alexander notes that out of 6 companies, one company that participates in fraudulent activities costs billions of dollars in revenue. However, he wondered what pushes a company to deal honestly in their business. He used an analog of a dog after a sausage placed on a table with beautiful tableware. If the dog follows the Adam Smith principles, the dog should go for the sausage and at the same time regard for the beautiful tableware ...