CUET UG Business Studies Test 3- Nature of Management (Art, Science, Profession) -

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CUET UG Business Studies Test 3- Nature of Management (Art, Science, Profession)

⏱️ 30 Minutes

❓ 20 Questions

📌 Answers are locked once submitted — results and explanations appear at the end.

CUET UG Business Studies Test 3- Nature of Management (Art, Science, Profession)

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QUESTION 1 OF 20

Match the specific requirements to the features of an Art:

List I	List II
1. Skilful application	A. Forms the foundational theoretical base of art
2. Creativity	B. Results in a unique interpretation of basic principles
3. Ingenuity	C. Required mentally to practice the basic principles learnt
4. Existing knowledge	D. Used to personally achieve desired results

Answer Review

1 Match the specific requirements to the features of an Art:

List I	List II
1. Skilful application	A. Forms the foundational theoretical base of art
2. Creativity	B. Results in a unique interpretation of basic principles
3. Ingenuity	C. Required mentally to practice the basic principles learnt
4. Existing knowledge	D. Used to personally achieve desired results

A 1-D, 2-B, 3-C, 4-A

B 1-A, 2-B, 3-C, 4-D

C 1-C, 2-A, 3-D, 4-B

D 1-B, 2-D, 3-A, 4-C

💡 Short Explanation

Art requires a theoretical base (Knowledge). Practice requires personal skill (Skilful application). Innovation stems from creative and ingenious thinking.

✅ Correct Answer Explanation

�� According to NCERT, Art is the skilful and personal application of knowledge to achieve results (1-D). To practice basic principles, a person needs mental cleverness or Ingenuity (3-C). The application of these principles in a non-repetitive, original way is Creativity, which leads to unique interpretations (2-B). Finally, every art form presupposes a pre-existing theoretical knowledge base (4-A).

❓ Why Other Options Are Incorrect

Option B → Incorrectly matches Skilful application (1) with Theoretical base (A).
Option C → Incorrectly matches Skilful application (1) with Ingenuity (C).
Option D → Incorrectly matches Skilful application (1) with Unique interpretation (B).

🎯 Strategy

Used: Option Grouping Application: Identify the most distinct pair, such as \"Existing knowledge\" being the \"Foundational base\" (4-A). Final Logic: Only Option A correctly aligns the four defining characteristics of Art with their functional descriptions.

🧠 Memory Trick

Knowledge is Base; Skill is Pace.

📚 Nature and Significance of Management – Topic: Management as an Art – Page 13

2 Assertion (A): All music is based on seven basic notes, yet every musician\'s composition is different. Reason
(R): Art is practical and involves the creative practice of existing theoretical knowledge resulting in entirely personal interpretations.

A Both A and R are true and R is the correct explanation of A.

B Both A and R are true but R is not the correct explanation of A.

C A is true but R is false.

D A is false but R is true.

💡 Short Explanation

Art has a common foundation (Science/Theory). Execution is subjective (Art/Practice). Personal style creates variety from the same base.

✅ Correct Answer Explanation

�� Assertion (A) is a factual example used by NCERT to illustrate \"Personalised Application.\" Reason (R) provides the conceptual justification: because art is a personalized and creative practice of theoretical knowledge, it naturally results in different outcomes even when the starting knowledge (the seven notes) is identical.

❓ Why Other Options Are Incorrect

Option B → Incorrect because R directly explains the \"why\" behind the phenomenon in A.
Option C → Incorrect because R is a true statement defining the nature of art.
Option D → Incorrect because Assertion A is a valid and true observation.

🎯 Strategy

Used: Substitution Application: Connect A and R using \"because.\" \"Every musician\'s composition is different because art involves creative, personal interpretation.\" The sentence makes perfect sense. Final Logic: The example (Music) is perfectly explained by the principle (Personalised Application).

🧠 Memory Trick

Base is one; Art is many.

📚 Nature and Significance of Management – Topic: Personalized application – Page 13

3 Which of the following scenarios does NOT correctly illustrate the theoretical knowledge feature of management as an art?

A A manager studying literature on marketing to improve sales.

B A manager studying literature on human resources for staffing.

C A manager claiming that no written literature or basic principles exist for management.

D A manager relying on universally derived theories by experts.

💡 Short Explanation

Every art has a body of theory. Management has extensive literature. Ignoring theoretical roots denies the \"Science\" side of management.

✅ Correct Answer Explanation

�� Art presupposes the existence of theoretical knowledge. In management, there is a vast amount of literature and universally derived principles in areas like finance, marketing, and HR. Claiming that no such literature exists contradicts the fundamental feature of \"Existence of theoretical knowledge\" in management.

❓ Why Other Options Are Incorrect

Option A → Correctly shows the use of marketing theory/literature.
Option B → Correctly shows the use of HR theory/literature.
Option D → Correctly identifies that management principles are derived by experts.

🎯 Strategy

Used: Odd One Out Application: Options A, B, and D acknowledge the existence of management theory. Option C is the only one that denies it. Final Logic: Management has a systematized body of knowledge; denying it is factually incorrect.

🧠 Memory Trick

Art needs a Start (Theory).

📚 Nature and Significance of Management – Topic: Existence of theoretical knowledge – Page 13

4 Manager A resolves employee conflicts through strict disciplinary actions, while Manager B uses empathetic counseling. Both studied the exact same HR theories. This reflects which aspect of management as an art?

A Systematised cause and effect

B Personalised application in the light of given realities

C Universal validity of scientific laws

D The lack of any theoretical knowledge

💡 Short Explanation

Knowledge is common; application is unique. Managers adapt theories to their own style. Situational context influences the choice of technique.

✅ Correct Answer Explanation

�� Even with the same theoretical background, no two managers work exactly alike. They apply their knowledge based on their personality and the specific \"realities\" of the situation. This is the essence of Personalised Application, where a manager uses their own discretion to solve problems.

❓ Why Other Options Are Incorrect

Option A → This is a feature of science, suggesting a fixed outcome for a fixed action.
Option C → This is a feature of pure science; management principles lack such rigidity.
Option D → Incorrect because the prompt states they did study HR theories.

🎯 Strategy

Used: Contextual/Tonal Matching Application: The scenario describes two different \"hows\" for the same \"what,\" which is the definition of personalized art. Final Logic: Style varies by person, making it a personalized application.

🧠 Memory Trick

My way vs. Your way = Personalised.

📚 Nature and Significance of Management – Topic: Personalized application – Page 13

5 Read the following passage to answer Q5 and Q6: \"A manager applies these scientific methods and body of knowledge to a given situation, an issue or a problem, in his own unique manner. A good manager works through a combination of practice, creativity, imagination, initiative and innovation. A manager achieves perfection after long practice. Students of management also apply these principles differently depending on how creative they are.
According to the passage, how is perfection primarily achieved by a practicing manager? Options:

A By passing a restricted entry exam.

B By rigidly copying universal laws.

C After long practice.

D By disregarding established principles.

💡 Short Explanation

Skill is developed over time. Repetition leads to mastery. Experience is the best teacher in art.

✅ Correct Answer Explanation

�� The passage explicitly states: \"A manager achieves perfection after long practice.\" This aligns with the \"Based on practice and creativity\" feature of art, which suggests that constant application of knowledge refines a manager\'s ability to handle complex situations.

❓ Why Other Options Are Incorrect

Option A → This refers to the feature of a profession, not the attainment of perfection in practice.
Option B → Art is not about \"rigidly copying\" but about creative application.
Option D → A manager uses principles as a foundation; they do not disregard them.

🎯 Strategy

Used: Contextual/Tonal Matching Application: The answer is stated word-for-word in the third sentence of the passage. Final Logic: Practice is the vehicle for improvement in any artistic field.

🧠 Memory Trick

Practice makes Perfect.

📚 Nature and Significance of Management – Topic: Based on practice and creativity – Page 15

6 Read the following passage to answer Q6: \"A manager applies these scientific methods and body of knowledge to a given situation, an issue or a problem, in his own unique manner. A good manager works through a combination of practice, creativity, imagination, initiative and innovation. A manager achieves perfection after long practice. Students of management also apply these principles differently depending on how creative they are.\"
What determines how differently students of management apply principles, according to the passage?

A Their level of creativity.

B Their statutory association membership.

C Their capital investment size.

D Their knowledge of cause and effect.

💡 Short Explanation

Art requires individual innovation. Principles are applied through a creative lens. Variation comes from the mind of the practitioner.

✅ Correct Answer Explanation

�� The passage concludes by saying: \"Students of management also apply these principles differently depending on how creative they are.\" This highlights that the \"Science\" of management is applied through the \"Art\" of the individual\'s creativity.

❓ Why Other Options Are Incorrect

Option B → Membership in associations (like AIMA) is a feature of a profession, not a driver of application style.
Option C → Capital size may limit resources but doesn\'t define the manner of applying principles.
Option D → Knowledge of cause and effect is a scientific requirement, not the reason for differential application.

🎯 Strategy

Used: Contextual/Tonal Matching Application: The final sentence of the passage provides the direct answer.

Final Logic: Creativity is the variable that changes how principles are used.

🧠 Memory Trick

Creative Mind = Different Find.

📚 Nature and Significance of Management – Topic: Based on practice and creativity – Page 15

7 Consider the feature of \'Systematised body of knowledge\' in management:
I. Management has its own vocabulary of terms and concepts to communicate.
II. II. Management operates in strict isolation without drawing from disciplines like Mathematics or Sociology.

A A) Both I and II are true.

B Only I is true

C Only II is true

D Both I and II are false.

💡 Short Explanation

Science needs a common language.
Management is an interdisciplinary field.
It borrows from social and exact sciences

✅ Correct Answer Explanation

Correct Answer Explanation → Statement I is true because management, like any science, has a systematised body of knowledge with its own vocabulary and concepts. Statement II is false because management is highly interdisciplinary, drawing extensively from Economics, Sociology, Psychology, and Mathematics to explain human behavior and resource management.

❓ Why Other Options Are Incorrect

Option A → Incorrect because Statement II is factually wrong.
Option C → Incorrect because Statement II is false and Statement I is true.
Option D → Incorrect because Statement I is a core feature of management science.

🎯 Strategy

Strategy Used: Extreme Word Filter Application: The word \"strict isolation\" in Statement II is an extreme claim that is rarely true for social sciences. Final Logic: Management is a \"borrower\" of concepts, not an isolated discipline.

🧠 Memory Trick

Mixed bag of Science.

📚 Chapter 1: Nature and Significance of Management – Topic: Systematised body of knowledge – Page 15

8 Arrange the logical formation of management as an inexact science:
1. Developing a vocabulary of terms to communicate work situations.
2. Drawing heavily on other disciplines like Economics and Psychology.
3. Evolving principles based on repeated observation but with unpredictable human outcomes.
4. Options:

A 2, 1, 3

B 1, 2, 3

C 3, 2, 1

D 2, 3, 1

💡 Short Explanation

Step 1: Accumulating knowledge from other fields. Step 2: Creating a specialized language (Systematization). Step 3: Observing behavior to create principles (Observation/Experimentation).

✅ Correct Answer Explanation

�� Management first drew from other disciplines (2) to build its foundation. It then developed its own vocabulary (1) to systematize this knowledge. Finally, it evolved principles based on observation (3), which remain \"inexact\" because of the unpredictable nature of the humans being observed.

❓ Why Other Options Are Incorrect

Option B, C, & D → These do not follow the evolutionary path of management as a social science. Observations and the resulting \"inexact\" principles are the outcome of the study, not the starting point.

🎯 Strategy

Used: Contextual/Tonal Matching Application: Sequence the evolution from the \"General\" (other sciences) to the \"Specific\" (management vocabulary) to the \"Applied\" (inexact principles). Final Logic: Foundation comes before specialized communication, which comes before testing.

🧠 Memory Trick

Borrow → Build → Observe.

📚 Nature and Significance of Management – Topic: Management as a Science – Page 15-16

9 The statement \"Scientific principles are first developed through observation and then tested through repeated experimentation under controlled conditions\" highlights which fundamental feature of science?

A Personalised application

B Principles based on experimentation

C Ethical code

D Service motive

💡 Short Explanation

Science requires verification. Truths are established through testing. Management also uses this to develop guidelines.

✅ Correct Answer Explanation

�� This is a direct definition of the feature Principles based on experimentation. In science, nothing is accepted as fact until it has been observed in the real world and then tested multiple times under controlled variables to ensure the result is consistent.

❓ Why Other Options Are Incorrect

Option A → This is a feature of Art.
Option C → This is a feature of a Profession.
Option D → This is a feature of a Profession.

🎯 Strategy

Used: Contextual/Tonal Matching Application: The phrase \"tested through repeated experimentation\" in the question points directly to Option B. Final Logic: The keyword \"experimentation\" identifies the scientific feature.

🧠 Memory Trick

Test = Experiment.

📚 Nature and Significance of Management – Topic: Principles based on experimentation – Page 16

10 Assertion (A): Management is called an inexact science.
Reason (R): The outcomes of management experiments are always capable of being accurately predicted and replicated like the physical law of gravity.

A Both A and R are true and R is the correct explanation of A.

B Both A and R are true but R is not the correct explanation of A.

C A is true but R is false.

D A is false but R is true.

💡 Short Explanation

Management is a social science. Humans are complex and dynamic. High predictability is impossible.

✅ Correct Answer Explanation

�� Assertion (A) is true; management is an inexact science or social science. Reason (R) is false because management experiments deal with human behavior, which is NOT \"always capable of being accurately predicted.\" Gravity is absolute; human reaction is variable. Therefore, management cannot be an exact science.

❓ Why Other Options Are Incorrect

Option A & B → Incorrect because Reason R is factually false.

Option D → Incorrect because Assertion A is a true statement.

🎯 Strategy

Used: Extreme Word Filter Application: The word \"always\" and \"accurately predicted\" in the context of human behavior is a clear indicator that the statement is false. Final Logic: Inexactness comes from lack of predictability, making R the opposite of reality.

🧠 Memory Trick

Science + People = Inexact.

📚 Batch 2: Questions 11–20

11 Which of the following is NOT a limitation when treating management purely as a science?

A It deals with unpredictable human behaviour.

B Outcomes of experiments cannot be perfectly replicated.

C Principles are not absolutely exact.

D Principles fail to provide any standardised techniques whatsoever.

💡 Short Explanation

Management does have established tools. \"Standardized\" doesn\'t mean \"rigid.\" Science gives the framework; Art gives the use.

✅ Correct Answer Explanation

�� Options A, B, and C are real limitations of management as a science. However, Option D is NOT a limitation because management does provide standardized techniques (like scientific management or accounting standards). The \"limitation\" is not the absence of techniques, but the fact that they must be modified for different situations.

❓ Why Other Options Are Incorrect

Option A, B, & C → These are all recognized reasons why management is considered an \"inexact\" science.

🎯 Strategy

Used: Extreme Word Filter Application: The word \"whatsoever\" is an extreme negative that is rarely true in a structured academic discipline. Final Logic: Management has standards, even if they aren\'t as rigid as gravity.

🧠 Memory Trick

Standards exist, but people vary.

📚 Nature and Significance of Management – Topic: Universal validity – Page 16

12 A multinational company finds that a standardized motivational technique that worked perfectly in the USA fails in its new subsidiary in Japan. This illustrates that management principles:

A Are universally exact in all cultural conditions.

B Have limited universality and must be modified according to the situation.

C Do not involve any theoretical experimentation.

D Prevent any restricted entry into the profession.

💡 Short Explanation

Context matters in management. Culture influences human response. Flexibility is a requirement for universal principles.

✅ Correct Answer Explanation

�� While management principles are developed through observation, they lack the universal validity of pure science. Because they deal with humans, a technique that works in one culture (USA) might not work in another (Japan). This proves they must be modified according to the situation.

❓ Why Other Options Are Incorrect

Option A → If they were \"universally exact,\" the technique would have worked in Japan too.
Option C → Incorrect; they do involve experimentation, even if the results vary.
Option D → This is a feature of a profession, unrelated to situational adaptation.

🎯 Strategy

Used: Contextual/Tonal Matching Application: The scenario demonstrates a failure of \"rigidity\" and a need for \"modification.\" Final Logic: Situational context limits the absolute truth of any management rule.

🧠 Memory Trick

New Place = New Case (Modification).

📚 Nature and Significance of Management – Topic: Universal validity – Page 16

13 Regarding management as a profession, analyze the following statements: Statement I: The subject of management is taught at specific institutions like IIMs. Statement II: Nowhere in the world is it mandatory for a manager to possess a specific management degree to practice.

A Both I and II are true.

B Only I is true.

C Only II is true.

D Both I and II are false.

💡 Short Explanation

Management education is formalized (Institutions exist). Management entry is not legally restricted (No mandatory degree). These two facts define management\'s \"emerging\" professional status.

✅ Correct Answer Explanation

�� Statement I is true; management has a well-defined body of knowledge taught at specialized institutes like IIMs. Statement II is also true; unlike medicine (requires MBBS) or law (requires LLB), there is no mandatory requirement or legal restriction that prevents someone without a management degree from being a manager.

❓ Why Other Options Are Incorrect

Option B, C, & D → Both statements are identified in NCERT as the current reality of management.

🎯 Strategy

Used: Dimensional/Unit Analysis Application: Management meets the \"Knowledge\" criteria of a profession (I) but not the \"Restricted Entry\" criteria (II). Final Logic: Management is a profession by knowledge, but not by legal mandate.

🧠 Memory Trick

IIMs are there; Law is not.

📚 Nature and Significance of Management – Topic: Management as a Profession – Page 17

14 Arrange the professionalization steps of a field as strictly described for law/medicine:
1. Enforcing an ethical code of conduct.
2. Passing a restricted entry examination.
3. Acquiring a well-defined body of knowledge.
4. Becoming a member of a professional association.

A 3, 2, 4, 1

B 1, 2, 3, 4

C 4, 3, 2, 1

D 2, 3, 1, 4

💡 Short Explanation

Step 1: Learning (Knowledge). Step 2: Qualification (Examination). Step 3: Registration (Association). Step 4: Governance (Ethical Code).

✅ Correct Answer Explanation

�� To become a professional, one must first acquire the knowledge (3). Then, entry is restricted by passing an exam (2). Once qualified, the professional must join an association (4) like the Bar Council. Finally, they are bound to follow the ethical code (1) set by that association.

❓ Why Other Options Are Incorrect

Option B, C, & D → These do not follow the logical or legal progression of professional certification. You cannot join an association (4) or follow its code (1) before you have learned the body of knowledge (3).

🎯 Strategy

Used: Contextual/Tonal Matching Application: Sequence the requirements from the \"Academic\" to the \"Regulatory.\" Final Logic: School → Exam → Membership → Rules.

🧠 Memory Trick

Study → Pass → Join → Follow.

📚 Nature and Significance of Management – Topic: Management as a Profession – Page 17-18

15 What defines the \'Service motive\' characteristic of a true profession?

A Restricting entry heavily through examinations.

B Serving clients\' interests by rendering dedicated and committed service.

C Developing theories purely through observation.

D Applying basic notes creatively.

💡 Short Explanation

Primary aim is benefit to others. Profit is secondary to service. Dedication to the client\'s needs is the priority.

✅ Correct Answer Explanation

�� The Service Motive feature states that the basic goal of a profession is to serve the interests of its clients. For example, a lawyer ensures justice for their client. While management also serves society, its primary motive is often organizational goals/profits, which is why it is still moving toward this professional ideal.

❓ Why Other Options Are Incorrect

Option A → This is Restricted Entry.
Option C → This is a feature of Science.
Option D → This is a feature of Art.

🎯 Strategy

Used: Contextual/Tonal Matching Application: The word \"Service\" in the question matches \"Serving\" in the correct option. Final Logic: Professionalism is defined by commitment to a cause beyond self-interest.

🧠 Memory Trick

Service = Client First.

📚 Nature and Significance of Management – Topic: Service motive – Page 18

16 Which of the following is NOT a feature of an established profession like law or medicine?

A Unregulated entry without an educational degree.

B Well-defined body of knowledge.

C Professional association granting a certificate of practice.

D Bound strictly by a code of conduct.

💡 Short Explanation

Professions are exclusive. Entry is strictly regulated. Degrees are a legal prerequisite.

✅ Correct Answer Explanation

�� Established professions are characterized by Restricted Entry. This means one cannot practice without the proper degree and certification. Therefore, \"Unregulated entry\" is the opposite of a professional feature.

❓ Why Other Options Are Incorrect

Option B, C, & D → These are all standard, defining characteristics of any established profession according to the NCERT list.

🎯 Strategy

Used: Odd One Out Application: B, C, and D are all \"structured/restricted\" features. A is an \"unstructured\" feature. Final Logic: Professions are built on rules and barriers; they are never unregulated.

🧠 Memory Trick

Profession = Rules.

📚 Nature and Significance of Management – Topic: Management as a Profession – Page 17-18

17 Match the profession limitation in management to its factual reality:

List 1	List II
1. Restricted entry	A. Laid down by AIMA but not compulsory
2. Professional association	B. Anyone can be called a manager irrespective of qualifications
3. Statutory backing	C. Absent for managerial associations
4. Code of conduct	D. There is no compulsion to be a member

A 1-B, 2-D, 3-C, 4-A

B 1-A, 2-B, 3-C, 4-D

C 1-C, 2-A, 3-D, 4-B

D 1-D, 2-C, 3-B, 4-A

💡 Short Explanation

Anyone can manage (No restriction). AIMA is a choice (No compulsion). No laws back management bodies (No statutory backing). Ethics are suggested, not forced (Code of conduct).

✅ Correct Answer Explanation

�� 1-B: Entry is not restricted because anyone can be a manager. → 2-D: Associations exist, but there is no compulsion to join. → 3-C: Unlike the Bar Council, management bodies lack statutory backing. → 4-A: A code exists via AIMA, but it is not compulsory to follow.

❓ Why Other Options Are Incorrect

Option B → Incorrectly matches Restricted entry (1) with Code of conduct (A).
Option C → Incorrectly matches Restricted entry (1) with Statutory backing (C).
Option D → Incorrectly matches Restricted entry (1) with Compulsion (D).

🎯 Strategy

Used: Elimination Application: Match 1-B (Restricted entry = Anyone can be a manager). Only Option A contains this pair. Final Logic: Management currently lacks the legal teeth of a traditional profession.

🧠 Memory Trick

Management = Everything is \"Optional.\"

📚 Nature and Significance of Management – Topic: Management as a Profession – Page 17-18

18 AIMA lays down a code of conduct for its members. However, a manager violates it and smoothly continues to work for his company. Why is this possible?

A Because AIMA is an illegal entity.

B Because there is no statutory backing to enforce the AIMA code of conduct globally.

C Because the manager possesses an exact science degree.

D Because AIMA strictly restricts entry.

💡 Short Explanation

AIMA has no legal authority. It cannot ban a person from practicing. Codes are ethical guidelines, not laws.

✅ Correct Answer Explanation

�� While associations like AIMA have formulated a code of conduct, they lack statutory backing. This means they do not have the legal authority (granted by the government) to enforce the code or punish/suspend a manager who violates it. A lawyer could be \"disbarred,\" but a manager cannot be \"dis-managed.\"

❓ Why Other Options Are Incorrect

Option A → AIMA is a legal and recognized body; it just lacks enforcement power.
Option C → Irrelevant to the enforcement of a professional code.
Option D → Factually wrong; AIMA does not restrict entry into the field of management.

🎯 Strategy

Used: Contextual/Tonal Matching Application: The \"Statutory Backing\" concept explains why a professional body has \"teeth\" or lack thereof. Final Logic: Without a law, a code is just a suggestion.

🧠 Memory Trick

No Law, No Claw.

📚 Nature and Significance of Management – Topic: Ethical code of conduct – Page 18

19 Assertion (A): Management as an art and a science are not mutually exclusive. Reason (R): The practice of management is an art, but managers can work better if their practice is based on the principles of management (science).

A Both A and R are true and R is the correct explanation of A.

B Both A and R are true but R is not the correct explanation of A.

C A is true but R is false.

D A is false but R is true.

💡 Short Explanation

Science and Art work together. Knowledge (Science) informs Action (Art). They are two complementary halves of management.

✅ Correct Answer Explanation

�� Assertion (A) is a core conclusion of NCERT: Management is both an art and a science. Reason (R) correctly explains this by showing how they interact: the science provides the principles that act as the foundation, while the art is the actual practice. Because the art is improved by the science, they are not exclusive but complementary.

❓ Why Other Options Are Incorrect

Option B → R is the logical explanation for why they aren\'t exclusive.

Option C & D → Both statements are conceptually sound and standard in the study of management.

🎯 Strategy

Used: Substitution Application: \"Art and science aren\'t separate because using science makes the art better.\" The connection is direct and logical. Final Logic: Foundation (Science) + Application (Art) = Integrated Whole.

🧠 Memory Trick

Science + Art = Smart Manager.

📚 Nature and Significance of Management – Topic: Management: Art and Science – Page 16

20 Which of the following statements best concludes the discussion on the nature of management according to the text? Statement I: Management is a fully fledged, exact science like physics. Statement II: Management principles constitute the science, and putting them into practice is the art; they complement each other.

A Both I and II are true.

B Only I is true.

C Only II is true.

D Both I and II are false.

💡 Short Explanation

Management is an inexact/social science. It is a blend of knowing and doing. Synthesis is the correct conclusion.

✅ Correct Answer Explanation

�� Statement I is false; management deals with humans and is therefore an inexact science, unlike physics. Statement II is the perfect conclusion: it identifies that the principles (body of knowledge) are the science, while the practice (skillful use) is the art. These two elements must work together.

❓ Why Other Options Are Incorrect

Option A → Incorrect because Statement I is an overstatement of management\'s scientific nature.
Option B → Incorrect because management can never be as \"exact\" as physics.
Option D → Incorrect because Statement II is the correct summary of the chapter\'s discussion.

🎯 Strategy

Used: Contextual/Tonal Matching Application: Statement II captures the \"balanced\" view presented by NCERT, while Statement I is too extreme. Final Logic: Management is the intersection of principle and practice.

🧠 Memory Trick

Principle is Science; Practice is Art.

📚 Nature and Significance of Management – Topic: Management: Art and Science – Page 16

CUET UG Business Studies Test 3- Nature of Management (Art, Science, Profession)

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