Final answer:
Statement 1 is incorrect and statement 2 is correct; both TBL and CSR view corporations as entities with moral obligations, implying that they are part of a moral community.
Step-by-step explanation:
The correct answer to the question about the Triple Bottom Line (TBL) and Corporate Social Responsibility (CSR) is that both of these concepts view corporations as entities with moral obligations. The idea of the Triple Bottom Line is that businesses should commit to focusing on social and environmental concerns just as they do on profits. This inherently assumes that corporations are part of a moral community, with responsibilities toward stakeholders that include not just shareholders but also employees, customers, and the broader community. On the other hand, Corporate Social Responsibility (CSR) is a concept wherein a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. Corporations are seen as having a responsibility towards society, which goes beyond the interests of shareholders.
Therefore, statement 1 is incorrect because the TBL does work on the assumption that the corporation is a member of the moral community. Statement 2 is correct as both the TBL and CSR indeed see the corporation as an entity with moral obligations. Thus, the final answer is C: statement 1 is incorrect; statement 2 is correct.