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NCMA CPCM Exam - Topic 6 Question 64 Discussion

Posted by Ernie on Jan 05, 2023 at 01:50 PM

The risk avoiding buyer wants to minimize the risk of agreeing to a higher price than necessary to cover the buyer's costs plus a reasonable profit.

Suggested Answer: D

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42 comments · newest first
WE
Wenona 11 months ago
Yeah, but what if the price is actually worth it?
ER
Erin 11 months ago
Wait, is that really how buyers think?
XO
Xochitl 12 months ago
Makes sense, who wants to lose money?
CH
Chantell 12 months ago
I disagree, sometimes they just want the best deal.
CO
Cordelia 12 months ago
Totally true, they want to avoid overpaying!
HA
Haley 1 year ago
I’m confused; I thought risk-averse buyers were more focused on minimizing losses rather than just price. Could be false?
NE
Nenita 1 year ago
I feel like this aligns with what we covered about buyer behavior, so I would lean towards true.
AU
Audrie 1 year ago
I'm not entirely sure, but I remember a practice question that discussed risk management in pricing. It might be false?
CA
Casey 1 year ago
I think the statement is true because risk-averse buyers typically want to avoid overpaying.
JE
Jennifer 1 year ago
Okay, let me see if I can break this down. AICPA is the American Institute of CPAs, so that's not it. CobiT is for IT governance, not general internal controls. ERME ISO doesn't ring a bell at all. I think I'm going to go with COSO on this one.
TY
Tyra 1 year ago
Hmm, I'm a bit unsure about how to handle the requirement to overwrite an existing Data Factory instance. I'll need to review the Azure pipeline documentation to see the best approach.
SH
Shaun 1 year ago
Hmm, I'm a bit unsure about this one. I'll need to carefully review each option to determine which one is the exception.
FL
Florinda 1 year ago
Reasonable profit? What is this, a charity? I say, squeeze that seller for all they're worth!
LO
Lorriane 1 year ago
↳ replying to Florinda
True
AS
Ashanti 1 year ago
↳ replying to Florinda
A) True
FI
Fidelia 1 year ago
↳ replying to Florinda
Whoa, calm down! It's not about squeezing the seller, it's about making a fair deal.
FA
Fanny 1 year ago
↳ replying to Florinda
B) False
LE
Lelia 1 year ago
↳ replying to Florinda
A) True
BR
Brittni 1 year ago
↳ replying to Florinda
B) False
EL
Elouise 1 year ago
↳ replying to Florinda
A) True
LA
Lang 1 year ago
Ah, a classic risk-avoidance scenario. Sounds like the buyer's trying to play it safe and not get ripped off. Can't blame 'em, I guess.
CA
Caitlin 1 year ago
False, obviously. The buyer wants to maximize their profit, not minimize the seller's. Gotta get that deal, am I right?
FR
Franklyn 1 year ago
↳ replying to Caitlin
B) False
JO
Joni 1 year ago
↳ replying to Caitlin
False, obviously. The buyer wants to maximize their profit, not minimize the seller's. Gotta get that deal, am I right?
DI
Dino 1 year ago
↳ replying to Caitlin
B) False
MO
Mollie 1 year ago
↳ replying to Caitlin
A) True
CH
Charisse 1 year ago
↳ replying to Caitlin
A) True
IL
Iluminada 1 year ago
↳ replying to Caitlin
False, obviously. The buyer wants to maximize their profit, not minimize the seller's. Gotta get that deal, am I right?
TY
Tyra 1 year ago
↳ replying to Caitlin
B) False
CO
Corrie 1 year ago
↳ replying to Caitlin
A) True
SH
Shasta 1 year ago
True, for sure. I mean, who wants to end up paying more than they have to? Gotta look out for that bottom line.
RO
Robt 2 years ago
Hmm, this one's a tricky one. Gotta be careful not to overpay, but what counts as a 'reasonable profit'? Sounds like a tough balancing act.
DE
Deeanna 1 year ago
↳ replying to Robt
B) False
MA
Martin 1 year ago
↳ replying to Robt
It can be tricky, but it's important to do your research and negotiate to get the best deal.
TA
Tamala 1 year ago
↳ replying to Robt
A) True
AN
Angelyn 1 year ago
↳ replying to Robt
A) True
LA
Laurel 1 year ago
↳ replying to Robt
It's definitely a tough balancing act.
DO
Dorthy 1 year ago
↳ replying to Robt
B) False
MA
Marget 1 year ago
↳ replying to Robt
A) True
SA
Sanjuana 2 years ago
I think it's true because a risk avoiding buyer would want to minimize any potential losses.
BU
Bulah 2 years ago
B) False
SA
Sanjuana 2 years ago
A) True
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