General Knowledge · General Awareness
In the context of Business Ethics, which statement provides the most accurate description of the Principle of Transparency?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All internal operations and employee records of the bank must be made public.
- 2The bank must be open, clear, and truthful about its policies, decisions, and terms of service.✓
- 3The bank must only provide information that is legally mandated by regulatory bodies.
- 4The bank must disclose its exact profit margin on every product to every customer.
Correct answer
The bank must be open, clear, and truthful about its policies, decisions, and terms of service.
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