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Statement: The higher echelons of any organization are expected to be models of observational learning and should not be considered as merely sources of reward and punishments.
Assumptions:
Employees are likely to be sensitive enough to learn by observing the behaviour of their bosses.
Normally bosses are considered as sources of reward and punishment.

Only assumption I is implicit
Only assumption II is implicit
Either I or II is implicit
Both I and II are implicit
Explanation:

Answer: Option D
Explanation:
The statement advises people not to consider their bosses as mere supervisors to control and assess their acts, but as models to imitate in their working. So, both I and II are implicit.
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