Final answer:
True. Treating a client's financial and non-financial information with utmost confidentiality is essential in the business world.
Step-by-step explanation:
True.Treating a client's financial and non-financial information with utmost confidentiality is essential in the business world. Regardless of the nature of the information, businesses are expected to safeguard it and protect it from unauthorized access or disclosure. By treating the client's information like it's top secret, businesses can gain trust and maintain a good reputation. This practice helps to ensure that sensitive information is not misused or exploited for personal gain.
For example, in banking and financial institutions, client information such as account details, credit history, and investment information is considered highly confidential. Violating this confidentiality can lead to legal consequences and damage the institution's standing in the market.