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CIPS L4M5 Exam - Topic 5 Question 61 Discussion

Professional buyer is planning for the next negotiation of a simple one-off contract. This negotiation is typified by which of the following? Select TWO that apply.
B) Total cost of ownership is the most important criterion
A) Continuous dialogue with supplier
C) Vendor ratings will be used
D) Arm's-length approach
E) Pricing is the most important criterion

CIPS L4M5 Exam - Topic 5 Question 61 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 61
Topic #: 5
[All L4M5 Questions]

Professional buyer is planning for the next negotiation of a simple one-off contract. This negotiation is typified by which of the following? Select TWO that apply.

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 Gearldine at May 29, 2024, 07:36 PM

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Helga
9 months ago
Vendor ratings can be useful, but not a must for one-off deals.
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Lamonica
9 months ago
Agree with D, but E seems too simplistic.
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Alita
10 months ago
Surprised that people think continuous dialogue is key here!
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Slyvia
10 months ago
I think B is more relevant than E, honestly.
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Lynna
10 months ago
Definitely D and E for a one-off contract!
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Jose
10 months ago
I definitely think pricing is key in this scenario, but I’m torn about whether continuous dialogue is really necessary for a simple deal.
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Mirta
11 months ago
I feel like vendor ratings could play a role, but I can't recall if they are typically emphasized in one-off contracts.
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Desire
11 months ago
I remember practicing a question about total cost of ownership being crucial in negotiations, but I wonder if pricing might take precedence in a simple contract.
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Lamonica
11 months ago
I think the arm's-length approach might be relevant here since it's a one-off contract, but I'm not entirely sure.
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Johanna
11 months ago
I'm a bit uncertain about this one. The wording seems a bit tricky, and I don't want to overthink it. I'll stick to the obvious factors of pricing and total cost of ownership, as those are typically the most important for a one-off contract negotiation.
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Annice
11 months ago
Okay, let's break this down. Total cost of ownership and pricing are the key criteria, as the question states this is a simple one-off contract. The other options, like continuous dialogue and vendor ratings, seem more applicable to longer-term supplier relationships. I'll go with those two.
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Corrie
11 months ago
For a one-off contract, I'd expect an arm's-length approach and pricing to be the top priorities. Continuous dialogue and vendor ratings are more relevant for ongoing relationships. I'll make sure to select those two options.
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Annice
11 months ago
Hmm, I'm not sure about this one. Is the "arm's-length approach" referring to the relationship with the supplier? And how do vendor ratings come into play for a one-off contract? I'll need to think this through carefully.
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Madalyn
11 months ago
This looks like a straightforward question. I'll focus on the key criteria of total cost of ownership and pricing, as those are typically the most important factors in a one-off contract negotiation.
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Carissa
11 months ago
Okay, I think I've got this. The image shows a CMDB Group, and the options are asking about the Group type. I'll analyze each choice to find the right one.
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Marya
11 months ago
I feel like there was something about setting the login mode to secure. Does option A really enhance the login security?
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Shantay
11 months ago
I'm a little confused by the wording of this question. It seems like we need to block basic auth, but the options include things like compliance policies and application control profiles. I'll have to review the differences between those and conditional access to make sure I pick the right solution.
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Martha
11 months ago
Hmm, I'm not totally sure about this one. I know it has to do with diversity, but I'm not confident which answer choice is correct. I'll have to think it through carefully.
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Dean
1 year ago
Pricing is the most important criterion? Oh, come on, we all know the real priority is free donuts and coffee during the negotiations.
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Shanda
1 year ago
C) Vendor ratings will be used
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Alexia
1 year ago
A) Continuous dialogue with supplier
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Kenny
1 year ago
Total cost of ownership? Gotta love when the bean counters take over. I'll just toss in a random number and call it a day.
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Micaela
1 year ago
Pricing is the most important criterion.
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Almeta
1 year ago
Total cost of ownership is the most important criterion.
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Bettye
1 year ago
Continuous dialogue with supplier and Vendor ratings will be used.
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Rodrigo
1 year ago
Vendor ratings? I bet the suppliers will love that. Time to bring out the charm offensive!
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Asuncion
1 year ago
E) Pricing is the most important criterion
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Darci
1 year ago
Yes, building a good relationship with the supplier is key.
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Teri
1 year ago
C) Vendor ratings will be used
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Cassie
1 year ago
A) Continuous dialogue with supplier
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Golda
1 year ago
Continuous dialogue with the supplier and an arm's-length approach? Sounds like a tricky balancing act to me.
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Delbert
1 year ago
I believe E is also important, pricing should be a key criterion in negotiation.
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Wynell
1 year ago
I agree with Miles, continuous dialogue with supplier and vendor ratings are important.
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Miles
1 year ago
I think A and C apply.
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