Step 1: Understanding the Concept:
This question again tests the distinction between Art and Science in the context of management.
Step 2: Detailed Explanation:
Art involves personal skill and judgment. Although the principles of management are universal (Science), how they are applied depends on the individual manager's style and perception.
For example, two managers might use the same "Principle of Motivation," but one might use praise while the other uses monetary rewards.
This "personalized way" of applying knowledge is the defining characteristic of an Art.
Step 3: Final Answer:
The correct option is Management as an art.