Management's Most Important Responsibility Is Long-Term Survival (Not Just Maximizing

question 96

Multiple Choice

Management's most important responsibility is long-term survival (not just maximizing profits) ,which is achieved by satisfying the interests of multiple corporate stakeholders. What type of model does this statement represent?

• A)economic  
• B)stakeholder  
• C)societal  
• D)shareholder

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Definitions:

Grapevine

Informal and unofficial channels of communication within an organization, often characterized by personal contacts, rumor, and gossip.

Message Output

The final form or content of a message that is communicated to the recipient.

Message Input

The information or data sent by a user or system to another as part of communication.

Ethnocentric Reactions

These are responses based on the belief that one's own ethnic group or culture is superior to others.