CIPS Exam L4M5 Topic 1 Question 43 Discussion

Actual exam question for CIPS's L4M5 exam

Question #: 43
Topic #: 1

[All L4M5 Questions]

The trust is built based on the other party's professional qualifications or proven or certified technical capability or experience is known as...?

AGoodwill trust

BContractual trust

CIrrevocable Trust

DCompetence trust

Show Suggested Answer

Suggested Answer: C, E

There are many macro economic factors that could influence procurement in general and commercial negotiation in particular. Below are six factors that are agreed to be fairly significant:

* Economy growth rate

* Inflation rates

* Interest rates

* Currency exchange rate

* Unemployment rate

* Protectionism

LO 2, AC 2.2

by Bernardine at Jul 05, 2023, 04:52 AM

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Josefa

4 days ago

Definitely D) Competence trust. Although I'm more of a 'trust no one' kind of person, I guess this is the next best thing.

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Tu

7 days ago

D) Competence trust, no doubt. I mean, who trusts someone just based on a fancy-sounding job title? Show me the skills!

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Rex

9 days ago

I was debating between A) Goodwill trust and D) Competence trust, but I think D) is the better fit here. Gotta love a good trust question!

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Garry

9 days ago

I'm not sure, but I think it's between A) Goodwill trust and D) Competence trust.

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Chanel

11 days ago

I agree with Merissa, competence trust makes sense in this context.

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Merissa

13 days ago

I think the answer is D) Competence trust.

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Leatha

14 days ago

Hmm, I think the answer is D) Competence trust. Makes sense - trust based on the other party's professional qualifications and expertise.

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Maybelle

18 days ago

I'm not sure, but I think it's between A) Goodwill trust and D) Competence trust.

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Vallie

21 days ago

I agree with Kirk, competence trust makes sense in this context.

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Kirk

22 days ago

I think the answer is D) Competence trust.

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