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Pass the CIPS Level 5 Advanced Diploma in Procurement and Supply L5M15 Questions and answers with ExamsMirror

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Questions # 1:

Which of the following isnota cross-cultural factor of negotiation?

Options:

A.

Religion/belief/culture

B.

Legal system

C.

Financial and fiscal system

D.

Environment

Questions # 2:

Josh plans to use a Myers–Briggs assessment for junior candidates. What type of test is this?

Options:

A.

Personality test

B.

Competence test

C.

Procurement test

D.

Intelligence test

Questions # 3:

Which of the following aredisadvantagesof entering into a strategic alliance?Select TWO

Options:

A.

Confidentiality

B.

Disputes

C.

Access to resources

D.

Economies of scale

Questions # 4:

What is meant by thePower Approachto negotiation?

Options:

A.

Agreements are made on mutual interest

B.

Inequality of power is a barrier to close relationships

C.

More relative power means the negotiator can be proactive rather than reactive

D.

Relationships based on power should be discouraged

Questions # 5:

Every negotiation requires a rehearsal. Is this statement TRUE?

Options:

A.

Yes – every negotiation should be rehearsed.

B.

Yes – you are more likely to fail if not rehearsed.

C.

No – only high-risk negotiations require rehearsals.

D.

No – routine negotiations do not require rehearsals.

Questions # 6:

Yi Ting is advised to use the Principled Approach. Which must she remember?Select TWO

Options:

A.

Separate people from problems

B.

Do not deviate from the agenda

C.

Focus on interests not positions

D.

She will be negotiating alone

Questions # 7:

Jonathan is a procurement manager who has been asked to gatherprimary datafor an upcoming negotiation. He sends out a survey. Was this correct?

Options:

A.

Yes – the survey will provide primary data.

B.

Yes – the survey will ensure Jonathan wins the negotiation.

C.

No – surveys do not provide suitable information.

D.

No – the survey will produce secondary data.

Questions # 8:

Alan needs to communicate the outcome of a negotiation to his internal stakeholders. His internal stakeholders havehigh power. Which communication methods would be best?Select TWO

Options:

A.

Notice board

B.

Article on the website

C.

Team meeting

D.

Email

Questions # 9:

What is the mainadvantagefor a supplier using a pain-share contract?

Options:

A.

The supplier will be penalised for not achieving a target cost.

B.

There is a shared approach to risk.

C.

It ensures cost certainty on the contract.

D.

It ensures a better relationship with the buyer.

Questions # 10:

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

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