OMVIC Practice Test

Under the Code of Ethics Regulations, how should dealers and salespeople conduct their business?

1. In accordance with the law, honesty, integrity, and fairness

2. Following their own business practices

3. Based on maximizing their profit

4. In a relaxed and informal manner

The correct answer is: In accordance with the law, honesty, integrity, and fairness

Dealers and salespeople should conduct their business in accordance with the law, honesty, integrity, and fairness under the Code of Ethics Regulations. This means they should always follow legal and ethical guidelines, and prioritize integrity and fairness in their interactions with clients and customers. Option B is incorrect as it suggests individuals should follow their personal business practices rather than ethical standards. Option C is incorrect as it prioritizes profit over ethical conduct. Option D is incorrect as it implies a lack of professionalism and disregard for ethical guidelines.