Nature and Significance of Management · Class 12 · CBSE · Commerce Business Studies
Management is not only a source of livelihood but also has a well-defined code of conduct, professional association, and ethical guidelines. However,…
Practice question from Nature and Significance of Management (Class 12 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
hard · MCQ · Q-35AD0C
Management is not only a source of livelihood but also has a well-defined code of conduct, professional association, and ethical guidelines. However, it does not restrict entry based solely on a specific educational degree like medicine or law. What conclusion can be drawn about management as a profession?
- A.Management is a full-fledged profession in every sense.
- B.Management is not a profession at all.
- C.Management is a profession in practice but lacks some features like restricted entry, making it an emerging profession.Correct answer
- D.Management is purely an art and has nothing to do with being a profession.
Solution
Management possesses some features of a profession (like service motive, professional association) but lacks strict entry barriers and a mandatory statutory code of conduct, classifying it as an emerging profession.
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