Step 1: Concept
Magnetic moment $\mu = \sqrt{n(n+2)}$ BM, where $n$ is the number of unpaired electrons.
Step 2: Meaning
Higher $n$ leads to a higher magnetic moment.
Step 3: Analysis
$Mn^{2+}$ has configuration $3d^5$ ($n=5$). $Fe^{2+}$ has $3d^6$ ($n=4$). $Cr^{2+}$ has $3d^4$ ($n=4$). $Sc^{3+}$ has $3d^0$ ($n=0$).
Step 4: Conclusion
$Mn^{2+}$ has the maximum unpaired electrons ($n=5$), hence the highest magnetic moment.
Final Answer: (E)