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"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:

Solution

✅ Correct Option: 3

A science is a systematised body of knowledge with its own theory and principles developed over time. The statement highlights exactly this feature, adding that management also draws from Economics, Sociology, Psychology and Mathematics. This describes management as a science (inexact/social science), not as an art or profession.

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