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CIPS Exam L4M5 Topic 3 Question 62 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 62
Topic #: 3
[All L4M5 Questions]

Which of the following is a true statement regarding macroeconomic factors and their potential impact on negotiations?

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Suggested Answer: A

A useful and simple shorthand for preferred negotiation styles is summarised by four simple descriptor: 'warm', 'tough', 'logical' and 'dealer', which can be applied to describe individuals' dominant preferred style in most circumstances.

Warm - a people person

Tough - a hard-nosed negotiator

Logic - a numbers person

Dealer - a trader who loves bargaining

Strengths, weaknesses of dealer style are described below:

LO 2, AC 2.4


by Malcolm at Jun 19, 2024, 08:11 PM

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Hui
1 months ago
I'm just waiting for the day when macroeconomic factors start listening to my expectations and sentiments. That's when I'll really start to influence them!
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France
1 months ago
I'm tempted to say A, but that's a bit too absolute for my liking. Macroeconomic factors can influence negotiations, but I wouldn't say they always do so directly.
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Alison
3 days ago
User 3: I also think C is the most accurate option. It's important to consider the varying impacts on different parties.
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Sena
20 days ago
User 2: I agree with you. It's not always a direct influence on negotiations.
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Antonio
21 days ago
User 1: I think C is the correct answer. Changes in macroeconomic factors may affect businesses and individuals differently.
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Youlanda
2 months ago
Definitely C. I've seen firsthand how changes in macroeconomic conditions can affect different people and companies in vastly different ways. It's all about the context.
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Rodolfo
5 days ago
Expecting macroeconomic factors to always have a direct influence on negotiations is unrealistic.
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Colette
12 days ago
It's important to consider the specific context of each negotiation when analyzing macroeconomic factors.
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Emelda
28 days ago
I agree, macroeconomic factors can have a varied impact on different businesses and individuals.
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Theodora
2 months ago
I'm going with B, because we all know that financial experts and economists are never wrong about their predictions. Their crystal balls are always 100% accurate!
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Louvenia
9 days ago
B) Expectations on macroeconomic prospect are always correct
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Jade
11 days ago
That's true, macroeconomic factors can have different impacts on different parties involved.
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Quentin
20 days ago
C) Changes in macroeconomic factors may affect businesses and individuals differently
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Tammy
1 months ago
A) Macroeconomic factors always directly influence the negotiations
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Elenor
2 months ago
I'm not sure about that. I think the answer might be A. Macroeconomic factors always directly influence negotiations.
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Stefany
2 months ago
I agree with Tamekia. Changes in macroeconomic factors can definitely affect businesses and individuals differently.
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Tamekia
2 months ago
I think the answer is C.
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Alishia
2 months ago
Option C seems to be the most reasonable statement. Macroeconomic factors can have different impacts on businesses and individuals, depending on their specific circumstances.
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Barabara
29 days ago
That's true, it's important to consider how changes in macroeconomic factors may impact each party in a negotiation.
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Shaun
1 months ago
I agree, macroeconomic factors can definitely affect businesses and individuals differently.
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