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CIPS Updated L4M5 Exam Questions and Answers by dalia

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CIPS L4M5 Exam Overview :

Exam Name: Commercial Negotiation
Exam Code: L4M5 Dumps
Vendor: CIPS Certification: CIPS Level 4 Diploma in Procurement and Supply
Questions: 395 Q&A's Shared By: dalia
Question 48

Which of the following should be adopted to minimise the conflict between parties in commercial negotiation?

Options:

A.

The rule of law

B.

Ground zero

C.

Ground beam

D.

Ground rules

Discussion
Question 49

Which of the following is the process enabling the buyer to share with the supplier their purposes and needs to focus on some specific areas such as quality, cost, social and environmental standards, etc in the supplier's bids?

Options:

A.

Supplier selection

B.

Supply positioning

C.

Supplier appraisal

D.

Supplier conditioning

Discussion
Question 50

A negotiation is coming to the end. Both parties haven't had any official commitments. Right before leaving the room, the buyer strongly disagrees with supplier's set up prices and requests a discount. The supplier doesn't reply but nods and smiles. Can the buyer consider these actions as an acceptance?

Options:

A.

Yes, because smiling shows supplier's readiness in signing the deal off

B.

No, because nodding and smiling are etiquette of polite rejection

C.

No, because nodding and smiling are not clear signs of neither acceptance nor rejection

D.

Yes, because negotiator should rely on non-verbal communications only

Discussion
Question 51

Lina Rawlins, a senior buyer, asks a supplier: “Can you tell me exactly what you are doing to ensure quality?” What type of question is this?

Options:

A.

Hypothetical

B.

Reflective

C.

Probing

D.

Leading

Discussion
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