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L5M15 Advanced Negotiation Questions and Answers

Questions 4

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

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Questions 5

Bob is preparing for a negotiation with an important potential business partner. His approach is to devise options for mutual gain before deciding what to do. Which approach to negotiation is Bob taking?

Options:

A.

Positional

B.

Principled

C.

Playing hard to get

D.

Hardball

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Questions 6

For a high-value or high-risk project, which of the following are key actions in negotiation?Select TWO.

Options:

A.

Have a win–lose approach to negotiation.

B.

Prepare thoroughly before the negotiation.

C.

Use a multi-disciplinary team.

D.

Use ploys and tactics.

E.

Host the meeting at your premises.

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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.

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Questions 8

Honesty and integrity are core elements of business ethical codes of practice. Demonstrating these behaviours can help avoid which of the following?

Options:

A.

Reputational damage

B.

Physical damage

C.

Loss of contracts

D.

Loss of staff

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Questions 9

Which of the following behaviours can lead to a breakdown in trust because of the perceived lack of honesty?Select TWO

Options:

A.

Using hardball negotiation techniques

B.

Exaggerated claims

C.

Favouritism

D.

Lack of a fixed agenda

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Questions 10

Which of the following stages in group development comesfirst?

Options:

A.

Performing

B.

Norming

C.

Storming

D.

Mourning

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Questions 11

Which of the following tactics would be considered ahardtactic in negotiation?

Options:

A.

Collaboration tactic

B.

Pressure tactic

C.

Inspirational appeal

D.

Rational persuasion

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Questions 12

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

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Questions 13

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

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Questions 14

Which of the following isnota personality characteristic in the OCEAN “Big Five” model?

Options:

A.

Openness

B.

Agreeableness

C.

Neuroticism

D.

Sensitivity

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Questions 15

Holding a meeting is the best way to communicate outcomes of negotiation withKey Playerstakeholders. Is this correct?

Options:

A.

Yes – this is a good way to engage their active support.

B.

Yes – key players need to receive regular communication.

C.

No – key players have a lot of power and won’t have time for meetings.

D.

No – you should not over-communicate with key players.

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Questions 16

In preparing for a negotiation, an analysis of overall strategy can result in improved tactical planning and a better overall outcome. Is this statement TRUE?

Options:

A.

No – tactics are achieved following the strategy.

B.

No – tactics are a high-level plan designed to achieve a long-term goal.

C.

Yes – strategy flows from the tactics.

D.

Yes – to develop a negotiation strategy you should consult with key stakeholders before deciding on tactics.

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Questions 17

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

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Questions 18

In what circumstances would it be acceptable to use gamesmanship and brinkmanship tactics?

Options:

A.

For high-risk products

B.

Where the relationship is not important

C.

For long-term contracts

D.

In international negotiations

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Questions 19

Which of the following could be considered aPull-styleinfluencing/negotiation tactic?Select TWO.

Options:

A.

Rationalising

B.

Asserting

C.

Inspiring

D.

Negotiating

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Questions 20

Which stage of team development is typically characterised by frustration and conflict?

Options:

A.

Forming

B.

Storming

C.

Norming

D.

Adjourning

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Questions 21

The extent to which hierarchy and subordinate relationships are accepted is which of Hofstede’s cultural dimensions?

Options:

A.

Power distance

B.

Uncertainty avoidance

C.

Individualism vs collectivism

D.

Long-term orientation

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Questions 22

The win–lose approach to negotiation is also sometimes known as what?

Options:

A.

Gamesmanship

B.

Positional negotiation

C.

Distributive bargaining

D.

Brinkmanship

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Questions 23

When assessing risks of a potential negotiation, you should mitigate all risks found. Is this the correct approach?

Options:

A.

Yes – there should be no risks in a negotiation.

B.

Yes – all risks should be removed before negotiation.

C.

No – some risks should be tracked and accepted.

D.

No – all risks should be monitored but not mitigated.

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Questions 24

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

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Questions 25

Oscar is joining a negotiation team. His brother is the CEO of the supplier. What behaviour is this an example of?

Options:

A.

Conflict of interest

B.

Hidden agenda

C.

Favouritism

D.

False claim

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Questions 26

TYD is a furniture manufacturer with various customers. One of them is considered a “nuisance customer.” What approach should TYD take with this customer?

Options:

A.

Exploit

B.

Partner

C.

Minimise input

D.

Develop relationship

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Exam Code: L5M15
Exam Name: Advanced Negotiation
Last Update: Dec 5, 2025
Questions: 88

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