Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Management Concepts of Management Theories of Management
The following statements relate to value based organisations. Choose the correct code for the statements being correct or incorrect.
Statement I: Nature of a corporation has been analysed by theorists as private rights theory, social institution theory, contractual theory of the firm.
Statement II: Nature of the corporation has been explained by input-output model under stakeholder theory; each stakeholder group constituency is integral to the operation of a corporation.
1
Statement I is correct, but II is incorrect.
2
Statement II is correct, but I is incorrect.
3
Both the statements I and II are correct.
4
Both the statements I and II are incorrect.