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Nature and Significance of Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesNature and Significance of Management1 Mark
MCQ
Management is:
  • A
    An art
  • B
    A science
  • ✓
    Both art and science
  • D
    Neither.
✓

Answer

Correct option: C.
Both art and science
Management is a science because it is based on various theories and principles which were developed over years with continuous experimentation and observations. It is also an art because a manager applies these theories and principles based on his own knowledge, creativity and skill.

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