Step 1: Meaning of profession.
A profession involves specialized knowledge, training, and adherence to ethical standards.
Step 2: Management as a profession.
The American Management Association stated that management qualifies as a profession because it requires:
- Expert knowledge,
- Specialized training,
- Ethical code of conduct,
- Service motive.
Step 3: Option analysis.
- (A) George R. Terry: Wrong, he gave definitions of management but not this statement.
- (B) Henry Fayol: Wrong, he proposed principles of management.
- (C) American Management Association: Correct.
- (D) None of these: Incorrect.
Step 4: Conclusion.
The statement “Management is a profession” was given by the American Management Association.