Management as a Profession

Correct answer: A. It needs systematic knowledge and skill

Management needs knowledge skill and training. In exams connect profession with specialised knowledge.

Correct answer: A. Specialised knowledge

A profession is an occupation that requires specialised knowledge and usually develops that knowledge through formal education, training, and practical competence. Examples include medicine, law, and accountancy; members are also commonly guided by ethical standards and professional responsibilities. Option A is correct because specialised knowledge enables a person to perform complex work competently and distinguishes professional activity from casual or untrained work. Option B describes guesswork, not professional expertise. Option C is incorrect because professions pursue defined services or objectives, and option D is wrong because professional conduct is normally subject to standards or rules. Management also uses specialised managerial knowledge, although it is not a fully regulated profession in every respect.

Correct answer: A. Systematic body of knowledge

Management has systematic knowledge of principles and techniques. This is the first important feature of a profession.

Correct answer: A. No entry into management is not completely restricted

Management does not need compulsory licence like doctor or lawyer. So it is not a full profession.

Correct answer: A. Minimum qualification and training

A profession usually needs qualification and training for entry. In management this condition is not fully compulsory.

Correct answer: A. Because there is no compulsory licence for entry

Management has specialised knowledge but entry is not completely restricted. This prevents it from being a full profession.

Correct answer: A. Ethical rules for members

Code of conduct gives proper direction to professional behaviour. Ethical behaviour is also expected in management.

Correct answer: A. It exists but is not legally compulsory for all managers

Management associations may have codes but they are not equally legally binding on all managers. This is an incomplete feature of profession.

Correct answer: A. Management association

The governing concept is that a profession generally develops organised associations or institutes to support its members, promote standards, share knowledge, and encourage ethical conduct. A management association can conduct seminars, publish professional material, provide networking opportunities, and discuss effective managerial practices. Therefore, option A is correct because it directly names an organisation connected with management professionals. A sweet shop is a business establishment, not a professional association; a bus ticket is merely a travel document; and an empty room is a physical space. These alternatives do not represent an organised body of managers or an institution that develops professional standards.

Correct answer: A. No it is generally not compulsory

Management associations exist but membership is not compulsory for every manager. Therefore management is not considered a full profession.

Correct answer: A. Only earning profit

Service motive is also important in a profession. Management also has responsibility towards society and stakeholders.

Correct answer: A. Interest of society and stakeholders

A manager's work is not limited to profit only. He should also consider employees customers and society.

Correct answer: A. To increase skill and efficiency

Training helps a professional perform better. In management also training improves decisions and skills.

Correct answer: A. Professional knowledge and training

An MBA or similar management programme provides structured education in areas such as planning, finance, marketing, human resources and organisational behaviour. It develops concepts, analytical ability, decision-making, communication and other useful managerial skills. Such learning does not automatically make every person a successful manager, but it strengthens the professional knowledge and training expected in management.

Option A is correct because specialised education and training are important features associated with a profession. Options B and C have no connection with professional preparation. Option D is also unsuitable because management requires responsibility, judgement and accountability, not work without responsibility. The question asks what side is strengthened by MBA study, so the answer is professional knowledge and training. This makes management closer to a profession, even though management may not satisfy every feature of a fully regulated profession.

Correct answer: A. Work without knowledge and training

A profession is generally based on specialised knowledge, formal or systematic training, ethical standards and a service orientation. Its members are expected to develop competence before practising and to follow a code of conduct while serving clients or society. Thus, working without knowledge and training is contrary to the basic idea of a profession, making option A the correct answer. Specialised knowledge in option B is essential, a code of conduct in option C supports ethical behaviour, and a service motive in option D reflects the responsibility associated with professional work. Although management is not a fully regulated profession in every respect, these remain recognised features of professions in business studies.

Correct answer: A. It has some features of a profession

Management has some features like knowledge training associations and service motive. But it is not a full profession.

Correct answer: A. In the form of principles, methods and techniques

Management has a systematic body of specialised knowledge in the form of principles, methods and techniques. This is an important feature that gives management a professional character. Personal experience may be useful, but it is not the sole basis of specialised knowledge. Exam tip: Management is not considered a full-fledged profession; it has several features of a profession.

Correct answer: A. Taking decisions with fairness and honesty

The correct answer is taking decisions with fairness and honesty. A professional manager follows ethical standards and makes decisions in the interest of the organisation and its stakeholders, rather than for personal gain or bias. Sharing confidential information and showing favouritism in appraisal are contrary to professional conduct. Exam tip: Look for qualities such as honesty, fairness, accountability and ethics in questions on professional behaviour.

Correct answer: A. It does not have a fixed compulsory qualification everywhere

Qualification is useful in management but not legally compulsory everywhere. So it is not a full profession.

Correct answer: A. Professional association

Members of a profession may be linked with a professional association. Such associations exist in management but membership is not compulsory.

Correct answer: A. Honest responsible and ethical behaviour

Professional conduct includes ethics and responsibility. A manager should behave properly towards stakeholders.

Correct answer: A. Giving correct information to customers

Giving correct information shows both service and ethics. In a profession interest of society and customers is important.

Correct answer: A. For service and better decisions

Professional knowledge should be used for society and organisation. In management also knowledge helps better decisions.

Correct answer: A. Management education and training are available

A major feature of a profession is the availability of specialised knowledge and formal education and training. Management education and training are available through institutions, which makes management closer to a profession. Option B is incorrect because managerial ability also requires acquired skills and training. Exam tip: Management is considered a profession-like occupation, not a full profession, because all professional features are not compulsory in it.

Correct answer: A. To promote knowledge and ethical standards

Professional associations help improve standards of knowledge and conduct. This is an important feature of profession.