Final answer:
The belief that a business only needs to follow the law and avoid unethical actions to fulfill its societal obligations is incorrect (option b). Businesses are also expected to actively contribute to society in additional ways such as environmental efforts and social responsibility initiatives.
Step-by-step explanation:
The statement that as long as it has broken no laws and done nothing unethical, a business has fulfilled its obligation to society is false. While obeying laws and maintaining ethical standards is crucial, businesses are also expected to contribute to society in broader ways. This includes environmental stewardship, corporate social responsibility, and philanthropy. Meeting legal and ethical standards is a foundation, but societal expectations often extend beyond just those requirements.