Big Halloween Sale 70% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: save70

CIPS Level 4 Diploma in Procurement and Supply L4M5 Updated Exam

Page: 13 / 28
Total 373 questions

Commercial Negotiation Questions and Answers

Question 49

Which of the following would be considered appropriate influencing techniques in contract negotiation? Select TWO that apply.

Options:

A.

Ratification

B.

Rule ethics

C.

Framing and re-framing

D.

Validation

E.

Anchoring

Question 50

Which of the following types of questions should be used most often in the proposing phase?

Options:

A.

Hypothetical questions

B.

Probing questions

C.

Closed questions

D.

Open questions

Question 51

Which of the following are most likely to be abilities of a person with high emotional intelligence? Select TWO that apply.

Options:

A.

Complex idea comprehension

B.

Controlling one's own emotions

C.

Perceiving how others feel

D.

Reasoning and problem solvingAbstract thinking

Question 52

Freefields Housing Authority (FHA) is a housing provider that has outsourced a range of management services using fixed-price long-term contracts. FHA’s regular supplier credit reviews have identified that some key outsourced service suppliers are at risk of insolvency due to high inflation rates observed in the macroeconomic climate. Which of the following actions would enable FHA to reduce this risk for the lifetime of the affected contracts?

Options:

A.

Allow affected suppliers to review and resubmit their fixed costs

B.

Introduce indexation of contracts linked to the Consumer Prices Index

C.

End the contracts and procure the services

D.

Offer advance payment terms to the affected suppliers

Page: 13 / 28
Total 373 questions