1) If z = 1/2, then 1+z+z^2+z^3+z^4 = 1 + 1/2 + 1/4 + 1/8 + 1/16 = 31/16 while 1/(1-z) = 2. So 1+z+z^2+z^3+z^4 < 1/(1-z). but if z = 2, then 1+z+z^2+z^3+z^4 = 1+2+4+8+16 = 31 while 1/(1-z) = -1 and 1+z+z^2+z^3+z^4 > 1/(1-z). Insufficient.
2) If z = 1/2, then we have 1+z+z^2+z^3+z^4 < 1/(1-z) but if z = 0, then LHS = RHS. Insufficient.
Using 1) and 2), we know z must lie between 0 and 1. It has to be a positive fraction and the inequality must be 1+z+z^2+z^3+z^4 < 1/(1-z). Sufficient.
Ans C