Which of the Following Is Not a Common Criticism of the Five

question 38

Multiple Choice

Which of the following is not a common criticism of the five forces model?

• A) The model doesn't provide an insight into macro- environmental factors that shape the industry context.
• B) The model assumes business environments are characterised by competitive rather than co- operative relations between firms and between firms and their suppliers and customers.
• C) It is more appropriate for analysing manufacturing rather than service sectors, where suppliers are less of an issue.
• D) The model is essentially designed to evaluate private sector competitive environments and is not really appropriate for the not- for- profit sector.
• E) The model is often criticised for providing only a snapshot of the industry at a point in time, i.e. it is too static.

Understand the importance of recognizing and implementing specific security features in checks to prevent fraud.

Identify best practices in accepting checks to ensure their validity and protect against fraud.

Learn the significance of check endorsements and the appropriate practices for handling received checks.

Understand the components that make a check valid and the legal implications of accepting checks marked "paid in full".