CIPS Exam L4M5 Topic 3 Question 62 Discussion

Actual exam question for CIPS's L4M5 exam

Question #: 62
Topic #: 3

[All L4M5 Questions]

Which of the following is a true statement regarding macroeconomic factors and their potential impact on negotiations?

AMacroeconomic factors always directly influence the negotiations

BExpectations on macroeconomic prospect are always correct

CChanges in macroeconomic factors may affect businesses and individuals differently

DMacroeconomic factors cannot be influenced by anyone's expectation or sentiment

Show Suggested Answer

Suggested Answer: A

A useful and simple shorthand for preferred negotiation styles is summarised by four simple descriptor: 'warm', 'tough', 'logical' and 'dealer', which can be applied to describe individuals' dominant preferred style in most circumstances.

Warm - a people person

Tough - a hard-nosed negotiator

Logic - a numbers person

Dealer - a trader who loves bargaining

Strengths, weaknesses of dealer style are described below:

LO 2, AC 2.4

by Malcolm at Jun 19, 2024, 08:11 PM

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Hui

1 months ago

I'm just waiting for the day when macroeconomic factors start listening to my expectations and sentiments. That's when I'll really start to influence them!

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France

2 months ago

I'm tempted to say A, but that's a bit too absolute for my liking. Macroeconomic factors can influence negotiations, but I wouldn't say they always do so directly.

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Alison

6 days ago

User 3: I also think C is the most accurate option. It's important to consider the varying impacts on different parties.

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Sena

23 days ago

User 2: I agree with you. It's not always a direct influence on negotiations.

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Antonio

24 days ago

User 1: I think C is the correct answer. Changes in macroeconomic factors may affect businesses and individuals differently.

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Youlanda

2 months ago

Definitely C. I've seen firsthand how changes in macroeconomic conditions can affect different people and companies in vastly different ways. It's all about the context.

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Rodolfo

8 days ago

Expecting macroeconomic factors to always have a direct influence on negotiations is unrealistic.

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Colette

15 days ago

It's important to consider the specific context of each negotiation when analyzing macroeconomic factors.

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Emelda

1 months ago

I agree, macroeconomic factors can have a varied impact on different businesses and individuals.

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Theodora

2 months ago

I'm going with B, because we all know that financial experts and economists are never wrong about their predictions. Their crystal balls are always 100% accurate!

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Louvenia

12 days ago

B) Expectations on macroeconomic prospect are always correct

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Jade

14 days ago

That's true, macroeconomic factors can have different impacts on different parties involved.

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Quentin

23 days ago

C) Changes in macroeconomic factors may affect businesses and individuals differently

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Tammy

1 months ago

A) Macroeconomic factors always directly influence the negotiations

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Elenor

2 months ago

I'm not sure about that. I think the answer might be A. Macroeconomic factors always directly influence negotiations.

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Stefany

2 months ago

I agree with Tamekia. Changes in macroeconomic factors can definitely affect businesses and individuals differently.

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Tamekia

2 months ago

I think the answer is C.

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Alishia

2 months ago

Option C seems to be the most reasonable statement. Macroeconomic factors can have different impacts on businesses and individuals, depending on their specific circumstances.

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Barabara

1 months ago

That's true, it's important to consider how changes in macroeconomic factors may impact each party in a negotiation.

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Shaun

1 months ago

I agree, macroeconomic factors can definitely affect businesses and individuals differently.

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