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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Celestine

1 months ago

I dunno, I'm more of a 'contractual mistrust' kind of guy myself. Where's the fun in just trusting people?

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Macy

5 days ago

D) Competence trust

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Wendell

9 days ago

C) Irrevocable Trust

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Luz

14 days ago

B) Contractual trust

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Alishia

1 months ago

A) Goodwill trust

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Josefa

2 months 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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Flo

6 days ago

I think it's important to give people the benefit of the doubt until they prove otherwise.

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Luis

1 months ago

It's true, having confidence in someone's abilities can make a big difference.

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Harrison

1 months ago

I agree, competence trust is essential in building trust.

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Tu

2 months 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

2 months 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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Carlton

1 months ago

Yeah, I think D) Competence trust is the right answer here too.

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Leandro

1 months ago

I agree, D) Competence trust makes more sense in this context.

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Garry

2 months ago

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

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Chanel

2 months ago

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

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Merissa

2 months ago

I think the answer is D) Competence trust.

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Leatha

2 months 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

2 months ago

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

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Vallie

2 months ago

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

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Kirk

2 months ago

I think the answer is D) Competence trust.

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