What is the difference between the old social contract approach and the modern social contract approach to corporate management?

Multiple Choice

The old social contract emphasizes advancement in the quality of life, whereas the modern social contract approach emphasizes monetary and financial advancement.

The old social contract approach argues that there is an obligation for the corporation to meet the demands of society, whereas the modern social contract approach argues that a company's obligation is only to its shareholders. maintaining a longer$-$term perspective.

The modern social contract approach aims to meet the demands of all stakeholders and the shareholders, whereas the old social contract approach was based only on economic growth.