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Which statement is most correct about professionalism and profit in management?

Answer and explanation

Correct answer: Profit may be necessary, but it should be earned with ethical conduct and a balance of stakeholder interests

Professional management does not oppose profit; it requires that profit be earned through ethical and responsible conduct while considering stakeholders such as employees, customers and society. Therefore, option A is correct. Option D is the closest distractor because unethical or illegal methods used solely for profit are contrary to professional conduct. Exam tip: associate professionalism with service motive, ethical conduct and accountability.

Related tags

Management As A ProfessionProfessionalismEthical ManagementProfit MotiveStakeholder InterestsBusiness Studies Class 12Nature And Significance Of ManagementBusiness Studies

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