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CIPS L4M5 Exam - Topic 1 Question 43 Discussion

The trust is built based on the other party's professional qualifications or proven or certified technical capability or experience is known as...?
C) Irrevocable Trust
A) Goodwill trust
B) Contractual trust
D) Competence trust

CIPS L4M5 Exam - 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...?

Show Suggested Answer Hide 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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Blondell
9 months ago
Goodwill trust seems off, but I get why people might say that.
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Eura
10 months ago
I thought it was Contractual trust, but I see the point.
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Loreen
10 months ago
Wait, is that really a thing? Sounds kinda vague.
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Kaitlyn
10 months ago
Totally agree, it's all about proven skills!
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Teri
10 months ago
I think it's called Competence trust.
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Roosevelt
11 months ago
I’m leaning towards competence trust since it emphasizes proven capability, but I could be mixing it up with something else.
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Otis
11 months ago
Goodwill trust sounds familiar, but I can't recall if it specifically relates to professional qualifications.
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Mona
11 months ago
I remember practicing a question about types of trust, and I feel like "contractual trust" was mentioned there.
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Cassie
11 months ago
I think this might be related to the concept of competence trust, but I'm not entirely sure.
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Portia
11 months ago
Hmm, I'm not entirely sure about this one. The solution talks about "appointment sequence" and "time group limits", but I'm not totally clear on how that relates to the goal of customizing Fulfillment Preferences. I might need to do some more research on how Fulfillment Preferences work in Dynamics 365 Field Service.
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Fernanda
11 months ago
This question seems straightforward, I'm pretty confident I can identify the two correct characteristics of financial accounts.
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Ligia
11 months ago
I have a feeling Application 1 might lean towards the management category since it sounds like it could be administration-related, but I could be wrong.
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Elin
11 months ago
Hmm, I'm a bit confused by the details in this question. I'll need to think it through carefully to decide which scripting technique would be most suitable.
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Celestine
1 year 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
1 year ago
D) Competence trust
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Wendell
1 year ago
C) Irrevocable Trust
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Luz
1 year ago
B) Contractual trust
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Alishia
1 year ago
A) Goodwill trust
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Josefa
1 year 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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Elly
1 year ago
Competence trust is definitely a key factor in establishing trust in any relationship.
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Maile
1 year ago
I think it's important to give people the benefit of the doubt until they prove otherwise.
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Della
1 year ago
It's true, having confidence in someone's abilities can make a big difference.
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Dortha
1 year ago
I agree, competence trust is essential in building trust in professional relationships.
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Derick
1 year ago
Competence trust is definitely a key factor in establishing trust in any relationship.
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Flo
1 year ago
I think it's important to give people the benefit of the doubt until they prove otherwise.
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Luis
1 year ago
It's true, having confidence in someone's abilities can make a big difference.
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Harrison
1 year ago
I agree, competence trust is essential in building trust.
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Tu
1 year 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
1 year 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 year ago
Yeah, I think D) Competence trust is the right answer here too.
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Leandro
1 year ago
I agree, D) Competence trust makes more sense in this context.
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Garry
1 year ago
I'm not sure, but I think it's between A) Goodwill trust and D) Competence trust.
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Chanel
1 year ago
I agree with Merissa, competence trust makes sense in this context.
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Merissa
1 year ago
I think the answer is D) Competence trust.
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Leatha
1 year 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
1 year ago
I'm not sure, but I think it's between A) Goodwill trust and D) Competence trust.
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Vallie
1 year ago
I agree with Kirk, competence trust makes sense in this context.
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Kirk
1 year ago
I think the answer is D) Competence trust.
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