Business Studies

Nature & Significance

Easy

Ethical code of conduct characteristic is related to:

Management as a profession

Management as an art

Management as Science

Management as both Science and art

✅ Correct Option: 1

Option 1 -> Management as a profession has distinct characteristics including specialized knowledge, formal training, professional associations, and ethical code of conduct which guides professional behavior.

Option 2 -> Management as an art focuses on personal skills, creativity, and practical application of knowledge - it does not inherently require an ethical code of conduct.

Option 3 -> Management as Science emphasizes systematic knowledge, principles, experimentation and universal validity - ethical codes are not a characteristic of scientific approach.

Option 4 -> Management as both Science and art combines systematic principles with practical application, but ethical code of conduct is not a defining feature of this combination.

Hence, Option 1: Management as a profession -> Ethical code of conduct is a fundamental characteristic of any profession. Professional bodies establish codes of ethics that regulate the conduct and behavior of their members, ensuring accountability, integrity, and service to society. This distinguishes professions (like medicine, law, accounting) from mere occupations. While management is still evolving as a profession, ethical codes of conduct are associated with its professional aspect. -> correct

2026: 24 May Shift 1

The General Manager of 'Zeta Ltd.', an organisation providing corporate insurance services, was addressing the meeting of Departmental Heads and Branch Managers. He said "________ is implicit and inherent in all the functions of an organisation."

Identify the concept referred above.

2026: 12 May Shift 1

Which of the following is not a basic characteristic of management

2026: 21 May Shift 1

"Management has a systematized body of knowledge. It has its own theory and principles that have developed over a period of time, but it also draws on other disciplines such as Economics, Sociology, Psychology and Mathematics". In the above statement, management has been described as:

2026: 20 May Shift 1

"The aim of a manager is to reduce costs and increase productivity through better planning, organising, directing, staffing and controlling the activities of the organization". The statement highlights which point of importance of management?

2023: 22 June Shift 1

Which of the following is not an importance of management ?

2025: 22 May Shift 1

Prithvi, who is the chief executive officer of Tech Enterprise, is responsible for the welfare and survival of the organization. Identify the level of management Prithvi belongs to?

Ethical code of conduct characteristic is related to:

Solution

Related questions:

Keyboard Shortcuts

CUET Business Studies Past Year Questions (Topic-Wise)