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

• A. Both Statement I and Statement II are true
• B. Both Statement I and Statement II are false
• C. Statement I is true but Statement II is false
• D. Statement I is false but Statement II is true

Answer 1

Answer: (B)

Both Statement I and Statement II are false

Answer 2

The correct option is (B): Both Statement I and Statement II are false