Management is taught as a specialized subject in reputed institutes such as IIM. Which feature of management is inferred from the said statement? Management is - ____.

Question

To become a Chartered Accountant in India, a candidate has to clear a specified examination conducted by the Institute of Chartered Accountants of India. Which Characteristic of management as a profession is highlighted in the above statement?

Answer 1

Step 1: Understanding the Concept:
The question links the formal education system (specialized institutes) with the nature of management.
Step 2: Detailed Explanation:
A profession is characterized by a "well-defined body of knowledge."
This knowledge can be acquired through formal education and training in specialized institutions like the IIMs (Indian Institutes of Management) or universities.
While management does not have a "restricted entry" like law or medicine (as anyone can become a manager), the fact that it has a structured curriculum and professional degrees (MBA) indicates its growth as a profession.
Step 3: Final Answer:
The feature of specialized instruction in institutes belongs to the category of Profession.

Management is taught as a specialized subject in reputed institutes such as IIM. Which feature of management is inferred from the said statement? Management is - ____.

Show Hint

The Correct Option is C

Solution and Explanation

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