Step 1: Understanding the Concept:
A permutation is an arrangement of objects where order matters. For $n$ distinct objects, the total number of ways to arrange them is given by $n!$ (n-factorial).
Step 2: Detailed Explanation:
Here, $n = 5$.
Calculation: $5! = 5 \times 4 \times 3 \times 2 \times 1$.
$5 \times 4 = 20$
$20 \times 3 = 60$
$60 \times 2 = 120$
$120 \times 1 = 120$
Step 3: Final Answer:
The correct option is (c).