Solutions to Which of the Following Categories of Modeling Techniques

question 32

Multiple Choice

Solutions to which of the following categories of modeling techniques indicate a course of action to the decision maker?

• A) Descriptive models
• B) Predictive models
• C) Prescriptive models
• D) Preventive models

---

Definitions:

Beneficiary

An individual or entity entitled to benefits or proceeds from an insurance policy, will, or trust.

Journal Entry

An individual record in an accounting journal that documents a specific financial transaction.

Journal Entry

A record in the accounting ledger that represents a transaction and its effect on accounts.