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APICS CLTD Exam - Topic 8 Question 64 Discussion

The international commercial document that serves as a quote to obtain a letter of credit or an import license is called a(n):
B) pro forma invoice.
A) commercial invoice.
C) export license.
D) consular invoice.

APICS CLTD Exam - Topic 8 Question 64 Discussion

Actual exam question for APICS's CLTD exam
Question #: 64
Topic #: 8
[All CLTD Questions]

The international commercial document that serves as a quote to obtain a letter of credit or an import license is called a(n):

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Suggested Answer: B

by Alease at Sep 04, 2023, 03:23 AM

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Clement
9 months ago
Yeah, pro forma is used for letters of credit.
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Martha
9 months ago
Wait, is it really just a pro forma invoice?
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Quinn
10 months ago
Pro forma is the right one for quotes.
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Douglass
10 months ago
I thought it was a commercial invoice?
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Jolene
10 months ago
It's definitely a pro forma invoice!
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Ryann
10 months ago
I feel like we had a similar question about import documents, and I think pro forma invoice was the answer there too.
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Pamela
10 months ago
I have a vague recollection that a pro forma invoice is used for quotes, but I could be mixing it up with something else.
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Lashawn
11 months ago
I remember discussing commercial invoices in class, but I don't think that's the right one for this context.
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Truman
11 months ago
I think the answer might be B, pro forma invoice, but I'm not entirely sure. It sounds familiar from our practice questions.
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Vallie
11 months ago
Okay, let's see. I know the Designated Approving Authority and Certification Agent are definitely involved. I think the Information Assurance Manager and IS program manager are also part of the process, but I'm not 100% sure about the user representative. I'll have to double-check my notes.
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Nida
11 months ago
Okay, I think I've got this. The bank needs to verify the accuracy of the information on the form, but I'm not sure if it's for the previous 3 or 5 years of employment. I'll double-check that detail.
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Shaunna
11 months ago
Ah, I remember learning about this in class. I'm fairly confident that node protection tunnels can be requested for both primary and backup LSP paths, not just the primary. So I'll go with option B as the false statement.
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Eden
11 months ago
This seems like a typical accrual question; I think it might be a $300,000 debit to retained earnings, but why would we credit it instead?
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Otis
1 year ago
Wait, is this a trick question? Is the answer 'all of the above' because I'm too broke to afford any of them?
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Nadine
1 year ago
D) consular invoice.
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Alex
1 year ago
C) export license.
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Luis
1 year ago
B) pro forma invoice.
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Christiane
1 year ago
A) commercial invoice.
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Candida
1 year ago
Oh man, I hope the answer isn't 'consular invoice'. That sounds like something straight out of a spy movie!
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Bernardo
1 year ago
Export license? Seriously? I'm not shipping anything, I'm just trying to buy stuff. It's got to be the consular invoice.
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Tashia
1 year ago
Actually, I believe it's the consular invoice.
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Ettie
1 year ago
No, I'm pretty sure it's the commercial invoice.
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Catherin
1 year ago
I think it's the pro forma invoice.
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Pansy
1 year ago
Pro forma invoice? Nah, that's just an estimate. I think it's gotta be the commercial invoice.
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Dulce
1 year ago
The consular invoice is also used for international trade transactions.
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Lucy
1 year ago
Yes, the commercial invoice is the official document for obtaining a letter of credit.
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Rosalind
1 year ago
I agree, the pro forma invoice is just an estimate.
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Latia
1 year ago
I'm pretty sure it's a pro forma invoice. That's the one used to get the letter of credit, right?
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Tonette
1 year ago
I've always thought it was an export license. That's needed to legally export goods, isn't it?
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Kimbery
1 year ago
Actually, it's a consular invoice. It's a document required by some countries for customs clearance.
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Willetta
1 year ago
I think it's a commercial invoice. That's the document that lists the goods being shipped, right?
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Merissa
1 year ago
Yes, you're correct! A pro forma invoice is indeed used to obtain a letter of credit.
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Gracia
1 year ago
Hmm, that's interesting. Can you explain why you think it's B?
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Dong
1 year ago
I disagree, I believe the correct answer is B) pro forma invoice.
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Gracia
1 year ago
I think the answer is A) commercial invoice.
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