Following are the statements with regard to management and its functions.
1. Management can be considered as a profession because it has a well defined structure of knowledge.
2. Management is considered to be an art because it depends on the creativity of the manager.
3. It is a science because it has certain standard principles to be followed.
Select the correct answer:

A. Only 1

B. Both 1 and 2

C. Both 2 and 3

D. All of the above

Answer: Option D