According to the____________ model, management's most important responsibility is long-term survival (not just maximizing profits). Long-term survival, according to this model, is achieved by satisfying the interests of multiple corporate stakeholders.
A) economic
B) stakeholder
C) societal
D) social welfare
E) shareholder

Question

Quizplus · Accepted Answer

The model discussed emphasizes the importance of satisfying the interests of multiple stakeholders, which aligns with the concept of stakeholder theory. Other options, such as economic and shareholder, suggest a focus on maximizing profits, which is not the main priority according to this model. Societal and social welfare could be considered related, but do not encompass the full scope of the model's emphasis on long-term survival through considering a range of stakeholder interests.

According to The____________ Model, Management's Most Important Responsibility Is Long-Term