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When Discussing the Reality of Business Ethics, Peter Drucker Held

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When discussing the reality of business ethics, Peter Drucker held that it was not unethical to pay a bribe if that was the norm in a business and was absolutely needed to get business for a company.


Definitions:

Functional Explanation

An approach that explains social phenomena and structures by their functions and contributions to the continuation of a society or system.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.

Functional Explanation

An approach in social sciences that explains social institutions and structures by the role they play in maintaining the stability and functionality of a society.

Social Positions

The places or roles that individuals occupy within the social structure, which influence their behavior, perspectives, and interactions with others.

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