Managers need to communicate with one another with the help of a common vocabulary for a better understanding of their work situation.

Identify the nature of management highlighted in the above statement.

Management as a Science

The correct answer is option (1) - Management as a Science

The statement highlights the use of a common vocabulary among managers. This reflects one of the key features of science — the existence of a systematised body of knowledge with standard terminology that helps in clear communication and understanding. Since management uses organised knowledge, concepts, and terminology that can be universally understood, it is being referred to as a science in this context.

NCERT text: Management has following characteristics of science:

Management has a systematised body of knowledge. It has its own theory and principles that have developed over a period of time, but it also draws on other disciplines such as Economics, Sociology, Psychology and Mathematics. Like all other organised activity, management has its own vocabulary of terms and concepts. For example, all of us discuss sports like cricket and soccer using a common vocabulary. The players also use these terms to communicate with each other. Similarly managers need to communicate with one another with the help 15 of a common vocabulary for a better understanding of their work situation...."