Prescriptive Decision Models Help

question 5

Multiple Choice

Prescriptive decision models help:

• A) make predictions of how demand is influenced by price.
• B) make trade-offs between greater rewards and risks of potential losses.
• C) decision makers identify the best solution to decision problems.
• D) describe relationships and influence of various elements in the model.

---

Definitions:

LMX

A theory that focuses on the two-way (dyadic) relationship between leaders and followers, emphasizing the mutual exchange of benefits.

Employee Empowerment

A management philosophy that emphasizes giving employees the autonomy, resources, and skills to make decisions and solve problems on their own.

Leadership Making

The process of creating and influencing leadership through actions, decisions, and interactions within a group or organization.

Relationship Quality

The assessment of how healthy, satisfying, and beneficial a relationship is between individuals or entities.