Answer:
False
Explanation:
Porter's Five Forces framework is a list of factors which provide an explanation to the forces affecting competition in industries. These five forces include;
1. Competition in the industry
2. Potential of new entrants into the industry
3. Power of suppliers
4. Power of customers
5. Threat of substitute products
Over the years, these five forces have been used in explaining the structure of certain industries. The framework however has limitations, some of which include,
1. It is not in terms with current realities, such as new advancements in technology which were not available as at the time the framework was formed.
2. Some companies operate different structures, whereas, the framework classifies each industry under one structure.
3. There is the possibility of industries to give equal consideration to all five factors, whereas in reality only some of the factors might be applicable to them.
4. Individual companies instead of industries now use the framework to make their business analysis which is not the real reason for the development of the framework. It was meant for industries as a whole.
Answer:
The adjusting entry is shown below.
Explanation:
According to the scenario, the given data are as follows:
Estimated depreciation for year = $4,300
So, the adjusting entry for depreciation is shown below:
Adjusting Entry
Dec.31
Depreciation expense A/c Dr. $4,300
To Accumulated Depreciation-Equipment A/c $4,300
(Being the Depreciation expense is recorded)
Today's youth grow up with the internet. Thus they look at it differently from the previous generation who mostly use it for entertainment or research. For the youth, the internet is the way to communicate, congregate and share information of their social life. It is obvious that the internet has and will continue to change the way we live. The internet has changed education which the youth spend most of their days. Students can get access to areas of their interests. Someone can even study online without going to school.
It is a good thing in my opinion and the government should introduce computer and internet study from elementary school. That way students benefit from the unprecedented access to information the internet provides, as well as the ability to share knowledge across the globe. Millions of books, journals and other useful materials of learning are available online.
In conclusion, despite all the doubts people have about the internet being a dangerous place, it is important for the youth to have access to it.
Recording , tracking.....
