Despite Recent Pressure from Stockholders to Increase Profits,a Global Petroleum

True/False

Despite recent pressure from stockholders to increase profits,a global petroleum organization has maintained a practice of consistently acting ethically by being a good global corporate citizen,taking host-country and global standards into consideration when making decisions,and obeying the law of host countries as well as international law.This is an example of a company acting socially responsible.B.Carroll,corporate social responsibility rests at the top of a pyramid of a corporation's obligations,right up there with economic,legal,and ethical obligations.Carroll suggests the responsibilities of an organization in the global economy should take the following priorities,with profit being the most fundamental (base of the pyramid)and corporate citizenship at the top: (1)Be a good global corporate citizen,as defined by the host country's expectations; (2)be ethical in its practices,taking host-country and global standards into consideration; (3)obey the law of host countries as well as international law;and (4)make a profit consistent with expectations for international business.