Accepting gifts from a competitor is an example of "preferential treatment." Group of answer choicesTrueFalse

The statement "Accepting gifts from a competitor is an example of 'preferential treatment'" is indeed True.

Explanation

Preferential treatment refers to the practice of favoring certain individuals or entities over others, often resulting in unfair advantages. In a competitive business environment, accepting gifts or favors from a competitor can signal a breach of ethical standards and may create conflicts of interest. It can lead to the perception that decisions are being influenced by external factors rather than being based on merit or objective criteria. This practice can erode trust within the industry and raise concerns about the integrity of business practices. Therefore, accepting gifts from a competitor can be seen as an example of offering or receiving preferential treatment, compromising the fairness essential in competitive scenarios. Maintaining ethical boundaries is crucial in sustaining healthy competition.