Final answer:
Transparency in business dealings is crucial for trust and ethical practices. Challenges arise in areas like artificial intelligence, where full transparency is difficult. Care must be taken to balance the need for openness with sensitivity of information.
Step-by-step explanation:
When someone says that "transparency matters" in business dealings, they are emphasizing the importance of open and honest communication. The concept of transparency is crucial in fostering trust and ensuring ethical practices within businesses. Sunshine laws and the Freedom of Information Act (FOIA) highlight the need for openness in government, which is similarly vital in the corporate world.
However, the demand for transparency becomes complicated in areas like artificial intelligence, where full disclosure may be difficult and costly. Despite the challenges, transparency is necessary to prevent manipulation and corruption, as reflected in the quote discussing trust and agreements in selling commodities. Therefore, it is important to approach transparency carefully, allowing for certain caveats and acknowledging that complete openness may not always be possible due to sensitive information or other valid concerns.