Consider the following statements regarding the characteristics of management as a profession:A profession is a highly specialized field requiring technical skills, but not necessarily a formal body of knowledge.Management has been historically viewed as a profession but has become less so over time due to the influence of various scientific theories.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.

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

A profession is a highly specialized field requiring technical skills, but not necessarily a formal body of knowledge.
Management has been historically viewed as a profession but has become less so over time due to the influence of various scientific theories.
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.

Ai, ii

BNone of these

Cii, iii

Diii only

Answer:

D. iii only

Read Explanation:

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.

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Related Questions:

Consider the following statements regarding the evolution of management thought:

The roots of management can be traced back to ancient civilizations, where people lived and worked in groups.
The Industrial Revolution significantly reduced the need for a formal, systematic theory of management.
The Neo-classical theory, also known as the Behavioral Approach, emphasized a rigid, hierarchical structure with clear rules and procedures.
Modern management theory views the organization as a complex, interconnected system.

Which historical period saw the development of a formal theory of management become "absolutely necessary" due to the complex structure of industry following the Industrial Revolution?

F.W. Taylor's concept of "Mental Revolution" is a crucial element of scientific management. What is the central idea of this concept?

Which of the following statements accurately reflects a difference between the Pre-scientific Management period and the Classical Theory? Which of the above statements is/are correct?

The Pre-scientific period saw no application of management techniques, whereas the Classical Theory was the first to implement them.
Robert Owen, a figure from the Pre-scientific period, introduced welfare measures, which foreshadowed the focus on human relations in the Neo-classical Theory.
The Pre-scientific period was characterized by a systematic and data-driven approach to management, unlike the Classical Theory which was based on broad administrative principles.

The Classical Theory of management is a broad category encompassing several approaches. Which of the following is not considered a component of the Classical Theory as described in the provided text?