Distribution and Trade in Microsoft Dynamics 365 for Finance and Operations v1.0 (MB6-896)

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Total 91 questions

You need to ensure that products can be purchased from vendors if there is a trade agreement for the vendor.
What should you do?

  • A. Create a new procurement policy.
  • B. In the procurement and sourcing module, configure parameters on the Activate price/discount page.
  • C. Create a new trade agreement journal name.
  • D. In the Procurement and sourcing module, configure the trade agreement parameters.


Answer : A

You are setting up a new customer in Microsoft Dynamics 365 to Finance and Operations.
You need to assign the customer to a customer group.
Which three pieces of information should you include in the customer group? Each correct answer presents part of the solution.

  • A. Credit limit
  • B. Default tax group
  • C. Terms of payment
  • D. Price group
  • E. Default write off reason


Answer : BCD

What is the function of ABC classifications for products?

  • A. To configure the quantity of on hand inventory that should be kept for an item
  • B. To determine the sequence in which an item should be received
  • C. To configure the amount safety stock that should be kept for an item
  • D. To determine the importance of an item


Answer : D

You are creating new attributes for an apparel company. You create three new attributes that are related to the Shirts category.
You need to assign the three new attributes to the Shirts category.
What should you create?

  • A. Attribute types
  • B. Batch attributes
  • C. Attribute groups
  • D. Batch attribute groups


Answer : C

You work for a dairy company.
Raw milk is purchased by the liters but is consumed in the bill of materials (BOMs) and formulas by the gram. Each finished milk product is tracked in the inventory system by the physical quantity of milk containers that were produced.
You need to configure a unit of measure conversion based on liters and grams.
How should you configure this conversion?

  • A. Create one item number that uses grams as the unit of measure. Create a second item number that uses liters as the unit of measure. Create transfers between the items when you need to purchase or consume the items.
  • B. Create one item number. Create an intra-unit conversion on the product to convert the grams to liters.
  • C. Create one item number with two different configurations. Set one configuration to grams and the other to liters. Then, create transfers between the configurations when you need to purchase or consume the items.
  • D. Create an inter-unit conversion on the product to convert the grams to liters.


Answer : D

A supplier reports that some of the product that they are shipping to you was damaged during transit.
You need to block the damaged items from being received into the warehouse.
Which three methods can you use? Each correct answer presents a complete solution.

  • A. Create a quality order.
  • B. Place the supplier on hold.
  • C. Use manual blocking.
  • D. Place the item on hold for purchase.
  • E. Use inventory status blocking.


Answer : ACE

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/inventory/inventory-blocking

You are setting up product attributes and attribute types.
You need to create a new product attribute type to track if a product has a warranty or not.
Which type should you assign to it?

  • A. Enumeration
  • B. Text
  • C. Boolean
  • D. Reference


Answer : C

You are setting up policies for tracking inventory throughout its lifecycle.
You need to configure a tracking dimension group so that each item has a unique serial number.
Which two settings should you configure. Each correct answer presents part of the solution.

  • A. Primary stocking
  • B. Active
  • C. Serial number control
  • D. Coverage plan by dimension


Answer : AC

Which two processes will result in an inventory revaluation before month end? Each correct answer presents part of the solution.

  • A. General ledger adjustment
  • B. Item receipt
  • C. Inventory transfer
  • D. Inventory adjustment
  • E. Cycle count


Answer : DE

You need to set up new journals to bring in open inventory balances during system setup.
Which two types of journals could you create? Each correct answer is a complete solution.

  • A. Movement
  • B. Inventory adjustment
  • C. Counting
  • D. Item arrival


Answer : AB

Which two statements regarding site creation are true? Each correct answer is a complete solution.

  • A. A single site can only contain a single warehouse.
  • B. A single legal entity can use multiple sites.
  • C. A site can be shared by multiple legal entities.
  • D. A site shares interrelated transactions.


Answer : BD

You need to estimate how much inventory will be required for your customers over the next six months.
Which feature should you use?

  • A. Continuity plans
  • B. Supply forecasts
  • C. Demand forecasts
  • D. Safety stock


Answer : C

You work with a vendor who supplies you with apparel and sporting goods products.
You negotiate a new purchase agreement with the vendor.
The agreement terms you have arranged with the vendor are for a three percent discount on apparel and sporting goods products when the order exceeds
$50.000.00.
Which commitment type should you use?

  • A. Product quantity
  • B. Product value
  • C. Product category value
  • D. Value


Answer : D

You are creating auto charges.
Which three statements are true? Each correct answer presents a complete solution.

  • A. You can define auto charges for category hierarchies.
  • B. You can define auto charges for specific vendors.
  • C. You can define auto charges for specific categories.
  • D. You can define auto charges for specific items.
  • E. You can define auto charges for specific delivery modes.


Answer : BDE

As the accounts payable manager, you have been tasked with creating a purchase order and adding any necessary charges.
You need to add freight and insurance charges to a purchase order.
What are two possible ways of adding freight and insurance charges to a purchase order? Each correct answer presents a complete solution.

  • A. Distribute amounts per purchase order line.
  • B. Create a new journal for the freight and insurance charges.
  • C. Create an item charge group with auto charges for specific vendor groups.
  • D. Add two charge codes against the item in the purchase line.


Answer : CD

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Total 91 questions