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Which of the following statements about management as a profession is MOST accurate per the chapter?
AManagement does not satisfy ANY criteria of a profession
BManagement is recognised as a profession only outside India
CManagement fully satisfies all criteria of a profession including a statutory entry exam
DManagement satisfies SOME criteria of a profession (well-defined body of knowledge, ethical code) but not all (no restricted entry, no compulsory licensing)
Answer & Solution
Correct answer: D. Management satisfies SOME criteria of a profession (well-defined body of knowledge, ethical code) but not all (no restricted entry, no compulsory licensing)
Management has a recognised body of knowledge, formal education (MBA), an ethical code (AIMA code) — but lacks restricted entry and statutory licensing requirements that classical professions like law or medicine impose. So 'partially a profession'.
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