Answer the questions on the text. 1. What has led to an increased demand for professionally qualified managers over a large few decades?

1. What has led to an increased demand for professionally qualified managers over a large few decades?

2. How may a profession be defined?

3. What is meant by specialized knowledge?

4. What must a manager have to acquire expertise in the science of management?

5. What are professionals primarily motivated by?

6. What is meant by a code of conduct?

7. Why is it necessary to enforce a code of conduct? What happens if a member of an organization violates the code of conduct?

8. What is meant by representative association?

9. What proves that management is not a full-fledged profession?

10. What is considered to be the ultimate goal of business?

2. Explain these words and word combinations in English:

Ownership, to be in demand, to acquire expertise, to abide by a code of conduct, to withdraw one’s membership, to curtail freedom, to maximize profit

Transform the sentences into negative and translate them.

1. There are numbers of institutes and universities to impart education and training for a profession.

2. Profession is a source of livelihood.

3. Existence of a representative body is a must.

4. It is quite clear that management fulfills several essentials of a profession.

5. Managers are responsible to many groups.

6. The ultimate goal of business is to maximize profit and not social welfare.

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