Question:
Given below are two statements:
Statement I: The socioeconomic view says that management's only social responsibility is to maximize profits.
Statement II: The classical view of social responsibility says that management's social responsibility goes beyond making profits and includes social welfare.
In the light of the above statements, choose the correct answer from the options given below
Given below are two statements:
Statement I: The socioeconomic view says that management's only social responsibility is to maximize profits.
Statement II: The classical view of social responsibility says that management's social responsibility goes beyond making profits and includes social welfare.
In the light of the above statements, choose the correct answer from the options given below
Statement I: The socioeconomic view says that management's only social responsibility is to maximize profits.
Statement II: The classical view of social responsibility says that management's social responsibility goes beyond making profits and includes social welfare.
In the light of the above statements, choose the correct answer from the options given below
Updated On: Jun 22, 2024
- Both Statement I and Statement II are true
- Both Statement I and Statement II are false
- Statement I is true but Statement II is false
- Statement I is false but Statement II is true
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The Correct Option is B
Solution and Explanation
The correct option is (B): Both Statement I and Statement II are false
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