Step 1: Concept
Management has characteristics of both science (a systematic body of knowledge) and art (practical, creative application).
Step 2: Meaning
Art is the skillful and personalized application of existing knowledge to achieve desired results. It requires ingenuity, creativity, and practice.
Step 3: Analysis
• Universal applicability of its principles is a characteristic defining management as a science.
• Predictability of outcomes is a core trait of pure, exact sciences where cause and effect are absolute.
• Systematic experimentation is the foundation upon which scientific principles are developed.
• Reliance on creativity and personal skill highlights how every manager applies theoretical knowledge differently based on their unique style and imagination, which defines an art.
Step 4: Conclusion
The personalized and creative application of knowledge makes management an art.
Final Answer: (C)