Which of the following statement is true regarding the nature of Management?

It has features of both Science and Art

The correct answer is option 1- It has features of both Science and Art.

Management has features of both Science and Art.

The management has features of both art and science. The practice of management is an art. However, managers can work better if their practice is based on the principles of management. These principles constitute the science of management. Management as an art and a science are therefore not mutually exclusive, but complement each other.