The shareholder model holds that management's most important responsibility is long-term survival (not just maximizing profits). According to the shareholder model, long-term survival is achieved by satisfying the interests of multiple corporate stakeholders (not just shareholders).

Question

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This is the definition of the stakeholder model. The shareholder model holds that the only social responsibility that businesses have is to maximize profits.

The Shareholder Model Holds That Management's Most Important Responsibility Is