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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Rex

6 hours 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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Garry

6 hours ago

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

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Chanel

2 days ago

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

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Merissa

4 days ago

I think the answer is D) Competence trust.

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Leatha

5 days 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

9 days ago

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

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Vallie

12 days ago

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

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Kirk

13 days ago

I think the answer is D) Competence trust.

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