Question

Read the following statements carefully :
Statement I : The entry to a profession is not restricted either through an examination or through acquiring an educational degree.
Statement II : There is no restriction on anyone being designated or appointed as a manager in any business enterprise irrespective of the educational qualifications possessed.
In the light of the given statements, choose the correct alternative from the following :

• A. Statement I is true and Statement II is false.
• B. Statement I is false and Statement II is true.
• C. Both Statement I and Statement II are true.
• D. Both Statement I and Statement II are false.

Hint:

To be a Doctor, you MUST have an MBBS (Restricted). To be a Manager, you DON'T legally need a specific degree (Unrestricted).

Answer 1

The Correct Option is B

Step 1: Understanding the Concept:
This question tests whether management fulfills the criteria of a "Profession." One criteria of a profession is "Restricted Entry."
Step 2: Detailed Explanation:
1. Statement I is false. In true professions (like Law or Medicine), entry is restricted through examinations and degrees.
2. Statement II is true. Currently, in management, there is no legal restriction. Anyone can be called a manager regardless of their degree, although MBAs are preferred. This is why management is considered an "emerging profession" rather than a full-fledged one.
Step 3: Final Answer:
The correct alternative is (b).