Which of the Following Is a Difference Between Convergence Theory

question 77

Multiple Choice

Which of the following is a difference between convergence theory and contagion theory?

• A) Convergence theory argues that a crowd influences an individual, while contagion theory states that individuals affect a crowd.
• B) Convergence theory argues that individuals react spontaneously to a situation, while contagion theory states that individuals develop norms as a situation unfolds.
• C) Convergence theory argues that individuals affect a crowd, while contagion theory states that the crowd affects an individual.
• D) Convergence theory argues that crowds consist of dissimilar individuals, while contagion theory states that crowds consist of like-minded people.
• E) Convergence theory argues that social norms shape crowd behavior, while contagion theory states that crowds are always orderly and focused.

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Definitions:

Insurance Cost

Insurance cost is the expense incurred in purchasing insurance policies, offering protection against potential financial losses.

Safety Reserves

Funds or stocks kept on hand by an organization or individual as a buffer against potential shortfalls or emergencies.

Obsolescence Cost

Obsolescence cost refers to the loss of value of an asset due to technological advancements, changes in market demand, or regulatory changes.

Economic Order Quantity

A formula used to determine the most cost-effective quantity to order to minimize the costs of holding and ordering inventory.