“Management has a systematized 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”. In the above statement, management has been described as:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Management as a Science
Option (1) Management as an Art — Incorrect. Art is the skilful, personal use of knowledge, which grows with practice and creativity. The statement speaks of a body of knowledge, not personal skill.
Option (2) Management as Science and Art — Incorrect. Management does have features of both, but the statement describes only the feature of science.
Option (3) Management as a Science — Correct. Science is a systematised body of knowledge that explains general truths. Management has such a systematised body of knowledge, with its own theory and principles developed over time, and it borrows from economics, sociology, psychology and mathematics. This is the first feature of science that management shares.
Option (4) Management as a Profession — Incorrect. A profession needs a well-defined body of knowledge too, but also restricted entry, a professional association, an ethical code and a service motive. The statement mentions none of these.
NCERT (2026-27 Edition): “Management as a Science Science is a systematised body of knowledge that explains certain general truths or the operation of general laws. …” “(i) 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. …” |