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CIPS L4M5 Exam - Topic 4 Question 51 Discussion

A procurement professional is preparing for a negotiation with supplier. She is setting targets for price which her company is seeking to achieve. Which of the following acronyms can help her identify limits before engaging in the negotiation?
B) RAQSCI
A) MIL
C) TIMWOOD
D) PPCA

CIPS L4M5 Exam - Topic 4 Question 51 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 51
Topic #: 4
[All L4M5 Questions]

A procurement professional is preparing for a negotiation with supplier. She is setting targets for price which her company is seeking to achieve. Which of the following acronyms can help her identify limits before engaging in the negotiation?

Show Suggested Answer Hide Answer
Suggested Answer: B

The following graph shows the factors that shift the supply curve to the left and to the right.


- CIPS study guide page 103

- Principles of Microeconomics 2e, 2017, Open Stax - Rice University.

LO 2, AC 2.2

by Karl at Dec 21, 2023, 08:11 AM

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Elfrieda
9 months ago
MIL is definitely not the right choice here.
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Louvenia
9 months ago
I've never heard of PPCA before, what's that?
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Tiara
10 months ago
Wait, isn't TIMWOOD about waste reduction?
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Felix
10 months ago
Totally agree, RAQSCI covers all bases!
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Larae
10 months ago
I think RAQSCI is the one for setting limits.
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Tracey
10 months ago
MIL seems like it could be relevant, but I don't think I've seen it used in the context of negotiations before.
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Shantay
11 months ago
I’m leaning towards PPCA because it sounds familiar in the context of setting targets, but I can't recall the specifics.
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Lashon
11 months ago
I practiced a question similar to this, and I feel like TIMWOOD was more about waste reduction than negotiation limits.
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Lorrine
11 months ago
I think I remember something about RAQSCI being related to negotiation limits, but I'm not entirely sure how it applies.
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Detra
11 months ago
I think the key here is to identify the acronym that specifically relates to setting targets and limits for a negotiation. PPCA sounds like it could be the right answer, but I'll double-check the others just to be sure.
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Carey
11 months ago
I'm a bit confused by the options here. I'm not familiar with all of these acronyms, so I'll need to do some quick research to figure out which one is the best fit.
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Leota
11 months ago
Okay, let's see. I'm pretty sure the answer is PPCA, since that's the one that sounds most related to procurement and negotiation.
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Vinnie
11 months ago
Hmm, this one seems tricky. I'll need to think carefully about the different acronyms and what they might represent.
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Leonora
11 months ago
Ah, I've seen PPCA used in procurement before. That's definitely the one I would go with. It stands for "Price, Profit, Cost, and Alternatives," which seems perfect for this scenario.
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Wilford
11 months ago
I've used ifup and ifdown before, so I'm feeling confident about those. But the question is asking for two commands, so I'll need to double-check the other options.
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Tayna
11 months ago
Hmm, I'm a bit unsure about this one. I'll need to think it through carefully and review my notes on federal financial auditing.
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Art
11 months ago
I feel pretty confident about this one. I think option B is the way to go - having the student submit questions in writing beforehand is a great way to ensure they can participate actively. The other options seem a bit risky or may not fully address the student's needs.
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Marsha
11 months ago
Hmm, this seems like a tricky one. I'll need to think carefully about the key characteristics of event-driven architecture.
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Tish
1 year ago
I wonder if RAQSCI stands for 'Really Awesome Quotation Securing Criteria Identified'. That would be a hilarious take on it!
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Catarina
1 year ago
A: Yeah, it's important for the procurement professional to know the acronyms to set negotiation targets.
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Wilburn
1 year ago
B: That's a funny interpretation! But I believe it actually stands for something else.
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Catarina
1 year ago
A: I think RAQSCI stands for 'Really Awesome Quotation Securing Criteria Identified'.
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Nickole
1 year ago
MIL? What is this, a military operation? I'm pretty sure RAQSCI is the answer we're looking for.
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Coral
1 year ago
Yeah, RAQSCI is definitely the acronym to help us identify limits before the negotiation.
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Denae
1 year ago
I think RAQSCI is the one we need to focus on for setting negotiation targets.
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Hannah
1 year ago
MIL? That does sound like a military operation.
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Catina
1 year ago
TIMWOOD? I thought that was just for lean manufacturing, not procurement negotiations. Clearly, RAQSCI is the way to go.
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Lashaunda
1 year ago
PPCA? Really? Sounds like a made-up acronym to me. I'll stick with the classic RAQSCI.
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Casandra
1 year ago
Yeah, PPCA does sound made-up. Stick with RAQSCI for sure.
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Leota
1 year ago
I agree, it helps to identify limits before engaging in the negotiation.
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Francesco
1 year ago
RAQSCI is a great acronym to use for setting negotiation targets.
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Matt
1 year ago
I think TIMWOOD could also be helpful in setting targets for price before negotiation.
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Adelina
1 year ago
I disagree, I believe the acronym RAQSCI would be more useful in this situation.
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Zona
1 year ago
I think the acronym MIL can help her set limits.
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Desirae
1 year ago
I think the answer is C) TIMWOOD because it helps in setting limits before negotiation.
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Willie
1 year ago
Hmm, RAQSCI seems like the way to go here. Gotta set those limits before the big negotiation!
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Jerilyn
1 year ago
I'm not sure about PPCA, it doesn't seem as relevant for setting negotiation limits.
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Isabella
1 year ago
TIMWOOD might be helpful too, it covers a lot of different aspects to consider.
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Shantay
1 year ago
I think MIL could also be useful in this situation.
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Jackie
1 year ago
I agree, RAQSCI is a great acronym to help set those limits.
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Mel
1 year ago
I disagree, I believe the answer is B) RAQSCI.
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Denae
1 year ago
I think the answer is A) MIL.
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