According to the textbook, how is the leader-member exchange (LMX) model of leadership style best characterized?
A) as a transformational approach to managing people that requires free exchange of ideas and responsibilities
B) as a trust-based approach developed through demonstrated expertise, dependability, candour, compatibility, and being responsive to the needs of the other party
C) as a reward-based approach that uses elements of transformational leadership to improve morale
D) as a transactional approach to managing people but with a higher level of rewards
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