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Newly Released CIPS L4M5 Exam PDF

Page: 15 / 21
Total 275 questions

Commercial Negotiation Questions and Answers

Question 57

The activity of listening in a negotiation includes which of the following processes?

Hearing

Interpreting

Rapport

Influencing

Options:

A.

1 and 2 only

B.

2 and 3 only

C.

1 and 3 only

D.

2 and 4 only

Question 58

A public agency opens a tendering process for a road building project that lasts approximately 1 year. They post their requirements on public journal and receive some interests. After conducting due diligence process and selecting the lowest bidder, the project commences. However, the supplier complains that price of material increases because of a shortage of supply, then they demands an 5% uptick in contract value. The agency investigates the increment and sees that there is indeed a fluctuation in prices of supplier's input. They are likely to accept the proposal, but they are also concerned that supplier may demand more. To avoid making another concession with the supplier, which of the following should be a priority action of the agency?

Options:

A.

Disapprove supplier's demands until they finish the project

B.

Seek approval from higher authority

C.

Document a contract variation that only allows another concession if some specific conditions arise

D.

Postpone the decision making until the budget is ready

Question 59

A purchasing organisation is discussing its approach to an upcoming negotiation with a key supplier over a contract for critical new services. They have decided they want to find a Win/Win (integrative) solution. Which TWO of the following would be appropriate in this scenario?

Options:

A.

Collaboration

B.

Problem solving

C.

Coercion

D.

Persuasion

E.

Transfer of risk

Question 60

Which of the following is an example of non-verbal communication?

Options:

A.

1 and 3 only (Interview and Eye contact)

B.

2 and 4 only (Word-of-mouth communication and Body language)

C.

3 and 4 only (Eye contact and Body language)

D.

2 and 3 only (Word-of-mouth communication and Eye contact)

Page: 15 / 21
Total 275 questions