Microsoft Dynamics AX 2012 R2 Project v8.0 (MB6-700)

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Total 79 questions

What is the purpose of the project statements form?

  • A. To display an overview of the progress of all in-process projects
  • B. To print customer statements for a single project
  • C. To display an overview of the progress of a project
  • D. To print customer statements for multiple projects


Answer : C

You set up a billing rule.
Which line type option for the billing rule allows you to include or exclude indirect costs?

  • A. Fee
  • B. Milestone
  • C. Progress
  • D. Time and material
  • E. Unit of delivery


Answer : D

You need to change the project sales tax group for a posted expense transaction on a fixed-price project.
Which two statements are true? (Each correct answer presents part of the solution. Choose two.)

  • A. You can change the project sales tax group without affecting the invoice amount.
  • B. You can change the project sales tax group only after canceling the invoice proposal.
  • C. You can change the project sales tax group only if the transaction has not been included in the project estimate.
  • D. The change can impact the invoice amount if you use a project sales tax group which has a different project sales tax.


Answer : A,C

What is the purpose of the estimate process for a fixed-price project?

  • A. To periodically clear ledger postings after the project transactions are adjusted
  • B. To create a new estimate for a fixed-price project
  • C. To adjust the forecast according to the actual project progress
  • D. To provide a snapshot of a project's finances at a single point in time


Answer : D

Which three statements about on-account invoices are true? (Each correct answer presents part of the solution. Choose three.)

  • A. On-account invoices must specify a project date.
  • B. On-account invoices can be created by using an invoice proposal.
  • C. On-account invoices can only be used for external project types.
  • D. On-account invoices can be used for both fixed-price and time and material projects.
  • E. On-account invoices can specify offset transactions when used for fixed-price projects.


Answer : A,B,D

What can the Resource assignment analysis report do that the Resource assignments report cannot do?

  • A. It can show how many hours a resource is assigned to a project.
  • B. It can show availability of a resource.
  • C. It can be filtered to include certain commitment types.
  • D. It can be filtered to include a specified date range.


Answer : B

You create a project purchase order with both pay-when-paid (PWP) and customer retention terms enabled. The PWP threshold percentage is defined as 70% for the vendor.
The customer retention term,each time the customer is invoiced,is 25% of the invoice amount.
You invoice the customer for 90,000 USD.
What is the minimum amount that you need to receive from the customer so that you can pay the vendor?

  • A. 22,500 USD
  • B. 67,500 USD
  • C. 63,000 USD
  • D. 40,500 USD


Answer : B

Which two tools enable you to control a project? (Each correct answer presents part of the solution. Choose two.)

  • A. project forecasts
  • B. project quotations
  • C. project budgets
  • D. project statements


Answer : A,C

You use the progress billing rule to invoice a project. Which action can be performed automatically by Microsoft Dynamics AX?

  • A. Determine the total contract value
  • B. Determine the percentage of work completed by hours
  • C. Determine the percentage of work completed by cost price
  • D. Determine the chargeable categories based on the project budget


Answer : B

You create a new work breakdown structure (WBS) template. You then create a new activity in the WBS template and assign a resource to the activity.
What happens if you add a child activity under the new activity?

  • A. The child activity is added at the folder level.
  • B. An error message is displayed stating that you must remove a worker resource from the selected activity.
  • C. The child activity is added at the summary activity level.
  • D. An error message is displayed stating that you cannot add the child activity.


Answer : D

You need to set up a pay when paid (PWP) term for a project. Which project type should you choose?

  • A. Time and material
  • B. Internal
  • C. Cost
  • D. Fixed-price


Answer : A

You analyze the progress of a project.
Which two groups of parameters should you configure prior to using the Hour utilization form? (Each correct answer presents part of the solution. Choose two.)

  • A. Budget overrun default
  • B. Budget control interval
  • C. Definition of billable rate
  • D. Definition of efficiency rate


Answer : C,D

Changing the Project group item may also change which other project field?

  • A. Project stage
  • B. Project ID
  • C. Parent project
  • D. Project type


Answer : D

You configure a timesheet workflow.
What is the Assignment function used to define?

  • A. Conditions for approval of the timesheet
  • B. Notifications after approval of a timesheet
  • C. Submitters of the timesheet
  • D. Reviewers of the timesheet


Answer : D

Which three parameters are required when entering the hours forecast for a project? (Each correct answer presents part of the solution. Choose three.)

  • A. Category
  • B. Cost price
  • C. Activity
  • D. Number of hours
  • E. Funding source


Answer : A,B,D

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Total 79 questions