Association of Chartered Certified Accountants (ACCA) Certification Practice Test

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What does integrity in business primarily mean?

  1. Dealing honestly with business contacts

  2. Maximizing profits at all costs

  3. Building long-term client relationships

  4. Strictly adhering to industry regulations

The correct answer is: Dealing honestly with business contacts

Integrity in business primarily refers to dealing honestly with business contacts. This concept encompasses a commitment to ethical principles, which include honesty, transparency, and accountability in all professional interactions. When integrity is prioritized, businesses foster trust, loyalty, and a positive reputation among clients, partners, and stakeholders. This foundational element of integrity is essential for maintaining solid relationships and ensuring that all dealings are conducted fairly and responsibly. The focus on honesty underscores the importance of ethical behavior in achieving sustainable business success. Without integrity, businesses may risk damaging relationships and their overall reputation, which can ultimately impact profitability and growth in the long run. Other aspects, such as maximizing profits, focusing solely on long-term client relationships, or rigidly adhering to regulations, may be parts of business strategy but do not encapsulate the core meaning of integrity in the same way.