A purpose statement, which is often referred to as an organizational mission or vision, is a statement of a company's purpose or reason for existing. True False The shareholder model holds that management's most important responsibility is long-term survival (not just maximizing profits), which is achieved by satisfying the interests of multiple corporate stakeholders (not just shareholders). True False Over the next three years, Procter & Gamble will improve its bargaining position with giant retailers like Wal-Mart, which will improve its ability to introduce new products. This is P&G's: O a. vision b. mission c. special-use plan od strategic plan e. policy All four areas of social responsibility for companies (economic, legal, ethical, and discretionary) share equal importance in a company's overall level of social responsibility. True False