CIPS Exam L4M5 Topic 4 Question 51 Discussion

Actual exam question for CIPS's L4M5 exam

Question #: 51
Topic #: 4

[All L4M5 Questions]

A procurement professional is preparing for a negotiation with supplier. She is setting targets for price which her company is seeking to achieve. Which of the following acronyms can help her identify limits before engaging in the negotiation?

AMIL

BRAQSCI

CTIMWOOD

DPPCA

Show Suggested Answer

Suggested Answer: B

The following graph shows the factors that shift the supply curve to the left and to the right.

- CIPS study guide page 103

- Principles of Microeconomics 2e, 2017, Open Stax - Rice University.

LO 2, AC 2.2

by Karl at Dec 21, 2023, 08:11 AM

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Tish

1 months ago

I wonder if RAQSCI stands for 'Really Awesome Quotation Securing Criteria Identified'. That would be a hilarious take on it!

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Catarina

2 days ago

A: Yeah, it's important for the procurement professional to know the acronyms to set negotiation targets.

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Wilburn

12 days ago

B: That's a funny interpretation! But I believe it actually stands for something else.

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Catarina

19 days ago

A: I think RAQSCI stands for 'Really Awesome Quotation Securing Criteria Identified'.

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Nickole

1 months ago

MIL? What is this, a military operation? I'm pretty sure RAQSCI is the answer we're looking for.

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Coral

18 days ago

Yeah, RAQSCI is definitely the acronym to help us identify limits before the negotiation.

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Denae

25 days ago

I think RAQSCI is the one we need to focus on for setting negotiation targets.

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Hannah

1 months ago

MIL? That does sound like a military operation.

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Catina

2 months ago

TIMWOOD? I thought that was just for lean manufacturing, not procurement negotiations. Clearly, RAQSCI is the way to go.

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Lashaunda

2 months ago

PPCA? Really? Sounds like a made-up acronym to me. I'll stick with the classic RAQSCI.

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Casandra

9 days ago

Yeah, PPCA does sound made-up. Stick with RAQSCI for sure.

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Leota

17 days ago

I agree, it helps to identify limits before engaging in the negotiation.

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Francesco

1 months ago

RAQSCI is a great acronym to use for setting negotiation targets.

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Matt

2 months ago

I think TIMWOOD could also be helpful in setting targets for price before negotiation.

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Adelina

2 months ago

I disagree, I believe the acronym RAQSCI would be more useful in this situation.

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Zona

2 months ago

I think the acronym MIL can help her set limits.

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Desirae

2 months ago

I think the answer is C) TIMWOOD because it helps in setting limits before negotiation.

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Willie

2 months ago

Hmm, RAQSCI seems like the way to go here. Gotta set those limits before the big negotiation!

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Jerilyn

1 months ago

I'm not sure about PPCA, it doesn't seem as relevant for setting negotiation limits.

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Isabella

1 months ago

TIMWOOD might be helpful too, it covers a lot of different aspects to consider.

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Shantay

1 months ago

I think MIL could also be useful in this situation.

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Jackie

2 months ago

I agree, RAQSCI is a great acronym to help set those limits.

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Mel

2 months ago

I disagree, I believe the answer is B) RAQSCI.

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Denae

3 months ago

I think the answer is A) MIL.

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