Question : Read the following statements of Assertion (A) and Reason(R) and choose the correct alternative:
Assertion (A):Business is a part of a society as it uses scarce resources of the society.
Reason (R): Principle of management suggest that the organisation should only focus on making profits ignoring the social responsibility of business.
Option 1: Both A and R correct and R is the correct explanation of A.
Option 2: A is correct and R is wrong.
Option 3: A is wrong and R is correct
Option 4: Both A and R are correct but R is not the correct explanation of A.
Correct Answer: A is correct and R is wrong.
Solution : It is the duty of the business to perform some social responsibilities. Principles of management note only help in achieving organisational goals but also guide managers in performing social responsibilities.
Hence, option B is correct.
