Explain the Five-Factor Model of Personality

question 62

Essay

Explain the Five-Factor Model of personality. Why do proponents of this model favor it over the current categorical model of personality?

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Definitions:

Goodwill

An intangible asset that arises when a buyer acquires an existing business, representing the premium paid over the fair market value of the identifiable assets and liabilities.

Cash Flow

A measure of the net amount of cash and cash-equivalents being transferred into and out of a business.

Merger

The process by which two or more companies combine their operations, typically to achieve synergies, expand their market reach, or enhance competitiveness.