The 5-Forces Model Is One of the Most Important Tools

question 14

True/False

 The 5-Forces Model is one of the most important tools for evaluating the attractiveness of industries.

Explain the functionalist and conflict theories regarding social inequality and stratification.

Analyze the role of education, gender, and occupation in social stratification.

Describe the historical systems of stratification and their impact on modern society.

Debate the fairness and effectiveness of the social stratification system.

---

Definitions:

Total Assets

The sum of all current and non-current assets owned by a business.

Owner's Equity Statement

A financial document showing the changes in the equity of a business entity over a period, including investments, withdrawals, and net income or loss.

Sole Proprietorship

A business owned by a single individual who is responsible for its liabilities and entitled to its profits.

Proprietorship

A business structure owned by a single individual, where the owner and the business are legally treated as the same.