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Which is the best example of transparency in business?

Answer and explanation

Correct answer: Giving correct product price and information

The direct answer is A: giving the correct price and product information. Transparency means being open, honest and clear so that customers can make an informed choice. A transparent seller tells the price and important facts, including relevant limitations, instead of hiding information. Option A is correct because accurate information supports trust and fair business practice. Option B is wrong because hiding a defect prevents an informed decision and may deceive the customer. Option C is wrong because a false claim is dishonest and not transparent. Option D is wrong because keeping no records reduces accountability and makes checking transactions difficult. Transparency does not mean revealing private information; it means honestly communicating information that customers need about the transaction or product. Exam cue: truth, clarity, accurate price and proper information point to transparency.

Related tags

Home-ScienceEntrepreneurshipTransparency

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