Distribution and Trade in Microsoft Dynamics 365 for Finance and Operations v1.0

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Exam contains 87 questions

You use standard costing as the costing methodology for all products.
You need to run a report that shoes all inventory that is over 60 days old or over 90 days old.
Which report should you use?

  • A. Vendor aging
  • B. Inventory aging
  • C. Materials in process
  • D. Standard cost transactions


Answer : B

Your company’s human resources department has purchased a new computer and the expenses need to be assigned to the IT department.
You need to create an inventory journal to expense an item against a different department.
Which type of inventory journal should you use?

  • A. Bill of materials (BOM)
  • B. Inventory adjustment
  • C. Movement
  • D. Transfer


Answer : C

You are setting up the inventory locations for a warehouse.
Which two inventory locations could a rack contain? Each correct answer presents a complete solution.

  • A. Bin
  • B. Aisle
  • C. Site
  • D. Shelf


Answer : AD

You have a small production facility that does not use production routes.
You need to consume items in production and reduce stock.
Which type of journal would you use?

  • A. Inventory adjustment
  • B. Item arrival
  • C. Counting
  • D. Bill of materials (BOM)


Answer : D

References:
https://community.dynamics.com/ax/b/abhijeethelestheaxeffect/archive/2017/03/28/bills-of-materials-journal-in-ax-2012-r3

What happens when you accept a request for quotation? Each correct answer presents a complete solution.

  • A. The request for quotation status is set to Accepted.
  • B. The request for quotation status is set to Sent.
  • C. A purchase order is created.
  • D. A purchase agreement is created.


Answer : AC

Which two activities occur as part of a purchase requisition workflow? Each correct answer presents part of the solution.

  • A. Approval of the purchase requisition
  • B. Submit the purchase order to the vendor
  • C. Create a purchase order
  • D. Submit a purchase requisition


Answer : AD

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/purchase-requisitions-workflow

An employee reports concerns about the quality of a specific item.
You need to create a nonconformance record for the item.
Which nonconformance type should you use?

  • A. Customer
  • B. Service request
  • C. Vendor
  • D. Internal


Answer : D

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

You are the quality manager for a company. You need to set up a test for specific components of an item.
You need to configure the system to indicate whether tests pass or fail.
What should you configure?

  • A. Item quality group
  • B. Quality group
  • C. Test outcomes
  • D. Item sampling


Answer : C

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

You are an accounts payable manager. You have an agreement with a vendor that defective items will be returned with a reference to the original purchase order.
You need to create a vendor credit note.
Which three methods can be used to create a vendor credit note? Each answer presents a complete solution.

  • A. Create a purchase order with the purchase type set to journal.
  • B. Create a purchase order line for a negative quantity.
  • C. Create credit notes on the PO header.
  • D. Create a purchase order with the purchase type set to returned order.
  • E. Create a purchase order with the purchase type set to blanket order.


Answer : BCD

Your company received a shipment of nonstocked items from a supplier.
You need to receive the items into inventory.
What should you do?

  • A. Register the item and create an item arrival journal.
  • B. Register the item and create a product receipt.
  • C. Create a receipts list from the purchase order.
  • D. Create a stock movement journal for the item.


Answer : A

You are a consultant implementing Microsoft Dynamics 365 for Finance and Operations.
You need to explain the various types of invoice matching that are available.
Which three should you select? Each correct answer presents a complete solution.

  • A. Terms of payment
  • B. Three-way
  • C. Invoices totals
  • D. Two-way
  • E. Cash discount


Answer : BCD

References:
https://technet.microsoft.com/en-gb/library/hh242852.aspx

You are a purchasing agent.
You have agreed on a purchase price with a supplier and create a purchase agreement.
Which two tasks can you perform with the purchase agreement. Each correct answer presents part of the solution.

  • A. Create a release order when no commitment is defined for quantity of a product.
  • B. Create purchase agreement lines based on quality or weight.
  • C. Define a validity period for the purchase agreement.
  • D. Place purchase agreements on hold during the ordering process.


Answer : CD

You are the purchasing agent for a company.
You need to create a request for quotation for a product that has not been added to Microsoft Dynamics 365 for Finance and Operations.
What should you use?

  • A. Item
  • B. Open
  • C. Category
  • D. Solicitation


Answer : C

References:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/procurement/tasks/create-request-quotation

You need to apply an additional 15 percent freight charge for all purchase orders that you procure from specific vendors.
Which two groups should you create? Each correct answer is part of the solution.

  • A. Vendor charges group
  • B. Item charges groups
  • C. Delivery charges groups
  • D. Automatic charges group


Answer : AD

You need to apply freight costs to purchase orders automatically.
What type of group should you create?

  • A. Item charges group
  • B. Delivery charges group
  • C. Vendor charges group
  • D. Trade agreement


Answer : B

References:
https://technet.microsoft.com/en-us/library/jj683227.aspx

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Exam contains 87 questions

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