Which of the following statement is False?
A)Any business takes inputs from industry, does its processing and provides the outputs to the same society.
B)Any business takes inputs from society, does its processing and provides the outputs to the same society.
C)Corporate social responsibility activities and programmes are now quite an integral part of organisational objectives.
D)Social responsibilities refer to business man's decisions and actions taken for reasons at least partially beyond the firm's direct economic or technical interest.

Question

Quizplus · Accepted Answer

Option A is false because it inaccurately states that businesses take inputs from industry rather than society. Businesses actually take inputs from society (resources, labor, etc.), process these inputs, and provide outputs (products or services) back to society, making option B the accurate description of this process. Options C and D correctly describe aspects of corporate social responsibility and the broader motivations behind business decisions, respectively.

Which of the Following Statement Is False