Darnell Lost His Wedding Ring but Could Not Find It

question 3

Multiple Choice

Darnell lost his wedding ring but could not find it in the tall grass. He needed help and convinced one person to stop. Soon, he had 30 passersby helping him, and one found the ring. What concept did Darnell understand

• A) obedience
• B) social contagion
• C) social norms
• D) herd mentality

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Definitions:

Safety Inventory

Inventory kept as a precaution against supply and demand fluctuations, aiming to prevent stockouts and maintain service levels.

Single Sourcing

The procurement practice of acquiring goods or services from one selected supplier.

Buyer-Specific Investment

Investments made by a company tailored to the needs or specifications of a single buyer, often to strengthen the business relationship or secure long-term contracts.

Procurement Goal

Objectives set by an organization’s procurement department focusing on acquiring goods and services to meet its needs in terms of quality, quantity, timing, and cost.