CIPS Exam L5M2 Topic 1 Question 35 Discussion

Actual exam question for CIPS's L5M2 exam

Question #: 35
Topic #: 1

[All L5M2 Questions]

Which of the following will you put into box 5?

ACSR Policy

BQuote in Buyer's Currency

CForce Majeure

DStandardise Payment Terms

Show Suggested Answer

Suggested Answer: A

The correct answers are as follows:

CSR= Corporate Social Responsibility

by Lauran at Jun 20, 2024, 07:05 AM

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Theresia

7 months ago

I believe Force Majeure should go in box 5 as it's important to have a clause for unforeseen circumstances.

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Adelina

7 months ago

I would choose to put the Quote in Buyer's Currency in box 5 because it's crucial for our international transactions.

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Rosina

8 months ago

This is a tough one, but I'm going to say C) Force Majeure. You never know when a global pandemic might strike and disrupt everything!

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Rodolfo

8 months ago

I'm going with A) CSR Policy. It's always a good idea to showcase your company's commitment to corporate social responsibility.

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Glendora

6 months ago

D) Standardise Payment Terms is essential for clarity and consistency in our transactions.

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Ilda

6 months ago

I agree, but C) Force Majeure is also crucial to protect us from unforeseen circumstances.

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Lorrine

6 months ago

I think B) Quote in Buyer's Currency is important too. It helps make transactions smoother.

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Kimbery

7 months ago

A) CSR Policy is a great choice. It shows that we care about more than just profits.

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Marion

8 months ago

Hmm, I'm not sure. Maybe D) Standardise Payment Terms? Having consistent payment terms across all transactions can help streamline the process.

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Lynelle

7 months ago

I agree, having consistent payment terms can really help with organization and clarity.

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Hyun

7 months ago

I think D) Standardise Payment Terms is a good choice. It can definitely make things more efficient.

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Vincenza

8 months ago

I agree with Stephaine, the CSR Policy seems like the best option for box 5.

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Peggie

8 months ago

C) Force Majeure seems like a reasonable choice. You never know when unexpected events might disrupt the transaction, so it's good to have that clause in place.

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Mattie

8 months ago

I think the correct answer is B) Quote in Buyer's Currency. It's important to provide the quote in the buyer's preferred currency to ensure clear communication and avoid any confusion.

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Alica

7 months ago

I think I would also choose B) Quote in Buyer's Currency, it just makes sense to align with the buyer's preferences.

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Lashaunda

8 months ago

I agree, it's crucial to provide the quote in the buyer's currency for better understanding.

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Stephaine

8 months ago

I think I will put the CSR Policy in box 5.

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