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L5M15 Advanced Negotiation is now Stable and With Pass Result | Test Your Knowledge for Free

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L5M15 Practice Questions

Advanced Negotiation

Last Update 4 days ago
Total Questions : 88

Dive into our fully updated and stable L5M15 practice test platform, featuring all the latest CIPS Level 5 Advanced Diploma in Procurement and Supply exam questions added this week. Our preparation tool is more than just a CIPS study aid; it's a strategic advantage.

Our free CIPS Level 5 Advanced Diploma in Procurement and Supply practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about L5M15. Use this test to pinpoint which areas you need to focus your study on.

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Question # 11

What was the principal conclusion of the Hawthorne experiments?

Options:

A.  

People are motivated by money.

B.  

People work better when the lighting is better.

C.  

People work harder when they’re being observed.

D.  

People are inherently lazy.

Discussion 0
Question # 12

Procurement or contract risk can come in many forms. A STEEPLE analysis can provide awareness of potential risk factors. Which of the following factors are included within a STEEPLE analysis?

Options:

A.  

Social, time, environment

B.  

Legitimate, ethical, economic

C.  

Ergonomic, technological, political

D.  

Legal, ethical, political

Discussion 0
Question # 13

The quality of being honest and having strong moral principles is known as what?

Options:

A.  

Truthful

B.  

Direct

C.  

Integrity

D.  

Transparent

Discussion 0
Question # 14

Sarah is a procurement manager who used a win–lose stance and deceptive techniques to reach her goals. Which consequences may follow?Select TWO

Options:

A.  

Sarah achieved all of her objectives

B.  

The approach may damage the long-term relationship

C.  

The supplier will have more respect for Sarah

D.  

The contract may be rendered void

Discussion 0
Question # 15

When a discussion is being driven by a consideration that has not been openly disclosed, leaving one party disadvantaged, this is known as what?

Options:

A.  

Favouritism

B.  

Exaggerated claim

C.  

Lack of confidentiality

D.  

Hidden agenda

Discussion 0
Question # 16

To achieve a positive outcome for both parties in a negotiation you should be both honest and open. Is this statement true?

Options:

A.  

Yes – these are the two most important characteristics for a win–win negotiation.

B.  

Yes – being both honest and open ensures success.

C.  

No – you should not be honest with the other party.

D.  

No – you should not be open with the other party.

Discussion 0
Question # 17

ABC Ltd is partnering with XYZ to create a new product. The Head of Technical Design who created the specification attends the meeting. What type of power does this person bring?

Options:

A.  

Legitimate

B.  

Referent

C.  

Expert

D.  

Coercive

Discussion 0
Question # 18

Why is it important to build rapport during a negotiation?

Options:

A.  

It is a hard influencing technique that will help secure the desired outcome.

B.  

It is the process of building a relationship of mutual trust and understanding.

C.  

It allows you to deviate from the agenda.

D.  

It demonstrates power and influence in the negotiation.

Discussion 0
Question # 19

When mightcrowdsourcingbe useful in a negotiation?

Options:

A.  

Researching a supplier

B.  

During the negotiation, to gain better insight

C.  

Deciding on final prices

D.  

Assessing the other party’s BATNA

Discussion 0
Question # 20

Which of the following incentives encouragesinnovation?

Options:

A.  

Gainshare

B.  

Pain share

C.  

Bonus payments

D.  

Service credits

Discussion 0
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