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CIPS L4M5 Exam - Topic 1 Question 43 Discussion

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

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

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


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38 comments · newest first
BL
Blondell 11 months ago
Goodwill trust seems off, but I get why people might say that.
EU
Eura 12 months ago
I thought it was Contractual trust, but I see the point.
LO
Loreen 12 months ago
Wait, is that really a thing? Sounds kinda vague.
KA
Kaitlyn 1 year ago
Totally agree, it's all about proven skills!
TE
Teri 1 year ago
I think it's called Competence trust.
RO
Roosevelt 1 year ago
I’m leaning towards competence trust since it emphasizes proven capability, but I could be mixing it up with something else.
OT
Otis 1 year ago
Goodwill trust sounds familiar, but I can't recall if it specifically relates to professional qualifications.
MO
Mona 1 year ago
I remember practicing a question about types of trust, and I feel like "contractual trust" was mentioned there.
CA
Cassie 1 year ago
I think this might be related to the concept of competence trust, but I'm not entirely sure.
PO
Portia 1 year 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.
FE
Fernanda 1 year ago
This question seems straightforward, I'm pretty confident I can identify the two correct characteristics of financial accounts.
LI
Ligia 1 year 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.
EL
Elin 1 year 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.
CE
Celestine 2 years ago
I dunno, I'm more of a 'contractual mistrust' kind of guy myself. Where's the fun in just trusting people?
MA
Macy 1 year ago
↳ replying to Celestine
D) Competence trust
WE
Wendell 1 year ago
↳ replying to Celestine
C) Irrevocable Trust
LU
Luz 1 year ago
↳ replying to Celestine
B) Contractual trust
AL
Alishia 1 year ago
↳ replying to Celestine
A) Goodwill trust
JO
Josefa 2 years 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.
EL
Elly 1 year ago
↳ replying to Josefa
Competence trust is definitely a key factor in establishing trust in any relationship.
MA
Maile 1 year ago
↳ replying to Josefa
I think it's important to give people the benefit of the doubt until they prove otherwise.
DE
Della 1 year ago
↳ replying to Josefa
It's true, having confidence in someone's abilities can make a big difference.
DO
Dortha 1 year ago
↳ replying to Josefa
I agree, competence trust is essential in building trust in professional relationships.
DE
Derick 1 year ago
↳ replying to Josefa
Competence trust is definitely a key factor in establishing trust in any relationship.
FL
Flo 1 year ago
↳ replying to Josefa
I think it's important to give people the benefit of the doubt until they prove otherwise.
LU
Luis 1 year ago
↳ replying to Josefa
It's true, having confidence in someone's abilities can make a big difference.
HA
Harrison 1 year ago
↳ replying to Josefa
I agree, competence trust is essential in building trust.
TU
Tu 2 years ago
D) Competence trust, no doubt. I mean, who trusts someone just based on a fancy-sounding job title? Show me the skills!
RE
Rex 2 years 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!
CA
Carlton 2 years ago
↳ replying to Rex
Yeah, I think D) Competence trust is the right answer here too.
LE
Leandro 2 years ago
↳ replying to Rex
I agree, D) Competence trust makes more sense in this context.
GA
Garry 2 years ago
I'm not sure, but I think it's between A) Goodwill trust and D) Competence trust.
CH
Chanel 2 years ago
I agree with Merissa, competence trust makes sense in this context.
ME
Merissa 2 years ago
I think the answer is D) Competence trust.
LE
Leatha 2 years ago
Hmm, I think the answer is D) Competence trust. Makes sense - trust based on the other party's professional qualifications and expertise.
MA
Maybelle 2 years ago
I'm not sure, but I think it's between A) Goodwill trust and D) Competence trust.
VA
Vallie 2 years ago
I agree with Kirk, competence trust makes sense in this context.
KI
Kirk 2 years ago
I think the answer is D) Competence trust.
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