Question

Consider the following statements regarding the characteristics of management as a profession:

1. A profession is a highly specialized field requiring technical skills, but not necessarily a formal body of knowledge.
2. Management has been historically viewed as a profession but has become less so over time due to the influence of various scientific theories.
3. The rise of management as a profession has led to a separation of ownership and management, where managers, who are not necessarily owners, are hired to run the organization based on their expertise.

• A. i, ii
• B. None of these
• C. ii, iii
• D. iii only

Answer 1

Answer:

D. iii only

• A key characteristic of a profession is a formal body of knowledge that is a result of research and is transferable through formal education.

• Management has been evolving towards being a profession, with the development of a systematic body of knowledge and formal training programs.