You need to create a group to organize customers that share similar sales commission attributes.
Which group should you use? Commission group Customer group Vendor group Customer groups for commissions.
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. Create a release order when no commitment is defined for quantity of a product. Create purchase agreement lines based on quality or weight. Define a validity period for the purchase agreement. Place purchase agreement on hold during the ordering process.
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. Serial number control Primary stocking Active Coverage plan by dimension.
You are configuring a new legal entity.
You need to map the main accounts for inventory posting.
What should you configure? item model groups product dimension groups tracking dimension groups item groups.
You are warehouse manager for an office supply retail company.
There is concern that the on-hand inventory for staplers in your warehouse is incorrect.
You need to correct the current on-hand inventory for your items.
Which two journal types will allow you to count on-hand inventory? Each correct answers is part of the solution. Bill of materials (BOM) Tag counting Production input Counting.
You are creating auto charges.
Which three statements are true? Each correct answer presents a complete solution. You can define auto charges for specific items. You can define auto charges for category hierarchies. You can define auto charges for specific delivery modes. You can define auto charges for specific categories. You can define auto charges for specific vendors.
Which steps are needed to set up the transport calendar in Microsoft Dynamics 365 for Finance and Operations? Sales and marketing, Modes of delivery Inventory management, Transport days Organization administration, Calendars Inventory management, Modes of delivery.
You use standard costing as the costing methodology for al products.
You need to run a report that shows all inventory that is over 60 days old or over 90 days old.
Which report should you use? Standard cost transactions Materials in process Vendor aging Inventory aging.
You are the accounts payable manager for a company.
You activate the change management feature and create a purchase order for 2,000 units of an item that is not currently in stock. You need to change the quantity to 2,400 units.
You need to update the purchase order while change management configures for the vendor.
The purchase order is approved and your manager asks you to upgrade the item's quantity for 2,400 units.
Which action should you perform? Click on Recall in the Workflow area, update, and resubmit to workflow. Disable the change management feature and update the quantity. Click on the Request change button and update the quantity. Click on the Edit button and update the quantity.
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? Create an inter-unit conversion on the product to convert the grams to liters. Create one item number. Create an intra-unit conversion on the product to convert the grams to liters. 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. 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 transfer between the items when you need to purchase or consume the items.
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. bin aisle site shelf.
You need to apply freight costs to purchase orders automatically.
What type of group should you create? item charges group delivery charges group vendor charges group trade agreement.
Each time you sell a specific product, an installation charge must be added to the sales order.
You need to configure Microsoft Dynamics 365 for Finance and Operations to automatically add the installation charge to sales orders.
Which three actions should you perform? Each correct answer presents part of the solution. Set up an auto charge. Set up a supplementary item. Set up an item charge group. Set up a customer charge group. Set up a charges code.
You need to create a purchase requisition for a new computer.
You need to create a purchase requisition and understand the status before you submit it to the workflow.
What is the status of the purchase requisition before submitting it to the workflow? Approved In process In review Draft.
You need to define the dimensions for one of your packing boxes.
What will be automatically calculated based on entering the dimensions of the packing box? Weight Volume Weight limit Height.
When a receipt date is entered on a sales order, the system must compute the shipment date and adjust the priority for shipment.
You need to configure Microsoft Dynamics 365 for Finance and Operations to meet the requirements.
Which three parameters should you configure? Each correct answer presents part of the solution. working days stock availability reservation status delivery date control sales lead time.
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. item arrival counting inventory adjustment movement.
What is the purpose of a quality order in Microsoft Dynamics 365 for Finance and Operations? Define locations where quality tests must be performed. Track issues with customers or vendors. Validate the results of quality testing. Define a set of one or more tests that must be performed.
You enter an order into Microsoft Dynamics 365 for Finance and Operations for a customer.
Your company payment terms require that customer to prepay for all shipments. The customer does not have the payment information available when you enter the order into the system.
You need to prevent the sales order from being processed. Place the order on hold. Create an order event. Change the reservation method on the order. Add a note to the order.
You plan to submit a quotation to a prospect to sell them equipment.
The selling prices that you list on the quotation must generate a contribution ratio of at least
30 percent.
You need to create the sales quotation.
Which sales quotation option should you use? find prices total discount price simulation multiline discount.
You need to flag an item for direct delivery.
Which two actions should you perform? Each correct answer presents part of the solution. Select a default vendor for the product. Select a Direct delivery site for the product. Enable the Direct delivery slider on the products. Select a Direct delivery warehouse for the product.
ou are the accounts receivable manager at Contoso. Ltd.
You must configure commission calculations based on information provided from the sales team and upper management.
You need to configure the groups for commission calculations.
Which three types of groups should you configure? Each correct answer presents a complete solution. Item discount groups Customer groups for commission Item groups Sales groups Price tolerance groups.
What is the function of ABC classifications for products? to configure the quantity of on hand inventory that should be kept for an item to determine the importance of an item to configure the amount safety stock that should be kept for an item to determine the sequence in which an item should be received.
You create 10 new product masters and release them to a legal entity.
You need to validate that the product setup is complete.
Which three fields does the Validate function check to ensure that a value is populated?
Each correct answer presents part of the solution. Charges group Item model group Cost group Item group Product dimension group.
You are implementing Microsoft Dynamics 365 for Finance and Operations for a new customer.
You need to use a weighted average for all items as the costing methodology.
Which type of group should you configure? Tracking dimension group Item group Item model group Product dimension group.
Which action on a sales order indicates that physical inventory has been deducted? Post a packing slip for a sales order. Create a sales order. Invoice a sales order. Pick a sales order.
You are the quality manager for a company. You to set up a test for specific components of an item.
You need to configure the system to indicate whether tests pass or fail. item quality group quality group test outcomes item sampling.
You need to enable the purchase order (PO) process to initiate for a vendor when the vendor accepts a PO.
Which option should you choose? Active (PO is auto-confirmed) Not active Pending Active (PO is not auto-confirmed).
You are configuring a new legal entity.
You need to map the main accounts for inventory posting.
What should you configure? item groups tracking dimension groups product dimension groups item model groups.
You are the purchasing agent for your company. You are tasked with creating a request for quotation (RFQ) and sending it to the relevant vendors.
You need to categorize the responses you receive from the vendors.
What can be set up to categorize responses from vendors? vendor reply status purchase agreement classification reason codes results view.
You have two warehouses that are positioned next to each other on the same city block.
Transfer orders are generated automatically according to a master plan for moving inventory between warehouses.
You need ensure that the system supports the movement of inventory from one warehouse to the other.
What should you configure? Movement journals A quarantine warehouse Inventory adjustment journals A transit warehouse.
You need to define charges specific to a customer or vendor that will be automatically added when new sales or purchase orders (POs) are created.
Which three types of charge groups can you define as auto charges? Each correct answer presents a complete solution. Cash discounts Billing codes Customers Items Vendors.
You need to estimate how much inventory will be required for your customers over the next six months.
Which feature should you use?
Supply forecasts Safety stock Demand forecasts Continuity plans.
Which status is required before you can generate a picking list for a sales order? Confirmed Printed Charges Open Order.
Your company receives a shipment of nonstocked items from a supplier.
You need to receive the items into inventory.
What should you do? Register the item and create an item arrival journal. Register the item and create a product receipt. Create a receipts list from the purchase order. Create a stock movement journal for the item.
You are planning a project which will receive offers from several vendors.
You need to ensure that you receive all competing offers.
What should you create? a purchase requisition a purchase order an item requirement a request for quotation.
Which two types of trade agreements are supported in Microsoft Dynamics 365 for Finance and Operations? Each correct answer presents a complete solution. quantity discounts mix and match discounts threshold discounts multiline discounts line discounts.
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? Item arrival Inventory adjustment Counting Bill of materials (BOM).
You are creating a customer record.
You need to add transportation costs to customer orders.
What should you define? Sales Tax Group Terms of Payment Mode of Delivery Delivery Terms.
You need to configure a customer record to enable shipment of orders to the customer by rail.
What should you do first? Set up a delivery charges group. Create a destination code. Create terms of delivery. Create a mode of delivery.
A customer places weekly orders. The items and quantities purchased each week rarely vary.
You need to make order entry for the customer as quick and easy as possible.
Which feature should you use? Trade agreements Pro formas Item lists Purchase agreements.
You receive an order from a supplier.
One item that is listed on the packing slip is damaged.
You need to return the damaged item. You have created a purchase order with return order type.
What should you do next? Specify a RMA number. Generate a receipt list. Create a credit note. Specify a disposition code.
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? Value Product value Product quantity Product category value.
You plan to set up order entry deadlines to reflect specific shipping dates for all sales orders.
What is the purpose of the order entry deadline? It is a warehouse-specific time. The processing time clock starts for all orders that are processed by that time. It is a site-specific time. The processing time clock starts for all orders that are processed by that time. It is a site-specific time. Orders that are received by that time are always shipped out the same day. It is a warehouse-specific time. Orders that are received by that time are always shipped out the same day.
Your company's human resources department has purchased a new computer monitor 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? Bill of materials (BOM) Inventory adjustment Movement Transfer.
You need to create vendor accounts by using Microsoft Dynamics 365 for Finance and Operations.
Which field is mandatory? Method of payment Group Mode of delivery Credit limit.
Which two processes will result in an inventory revaluation before month end? Each correct answer presents part of the solution. inventory adjustment inventory transfer general ledger adjustment item receipt cycle count.
You establish a new installment payment plan for purchases greater than $2,500.00 that allows customers to pay the balance due 12 months.
You need to set up the new payment method.
Which two parameters should you configure? Each correct answer presents part of the solution. payment schedule payment day payment term adjustment method.
You observe that the small boxes of a specific product are not selling well compared to the large boxes of the same product.
You need to know how many of the small boxes of the product you have on hand and where the boxes are located.
Which report should you use? Location label Physical inventory by inventory dimension On-hand inventory Inventory by inventory dimension agin.
You need to ensure that products can be purchased from vendors if there is a trade agreement for the vendor.
What should you do? Create a new trade agreement journal name. In the Procurement and sourcing module, configure parameters on the Activate price/discount page. Create a new procurement policy. In the Procurement and sourcing module, configure the trade agreement parameters.
You need to configure a specific vendor account to allow contact people from the vendor to view, update, and request changes on purchase order (POs).
What should you do? Create a new user account for each contact. Then, assign each user to the Vendor (External) security role. Create new Enterprise Portal users for each contact. Then, give the users access to the vendor account. On the vendor account, set the value of the On hold field to None. On the vendor account, select an option for the Collaboration activation field.
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? Customer Service request Vendor Internal.
A customer reports that an item they ordered was damaged when it arrived. You instruct the customer to return the item to your warehouse.
You need to remove the item from your inventory and ship a new item to the customer.
Which disposition action should you use on the return order? Replace and scrap Replace and credit Credit Scrap.
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? Text Enumeration Boolean Reference.
You create a sales quotation for a new prospect. The prospect agrees to the terms of the quotation.
You attempt to confirm the quotation. The Confirm option for the quotation is not enabled.
You need to confirm the quote.
What should you do? Convert the prospect to a customer. Save the quotation. Accept the quotation. Change the status of the quotation.
You are creating a sales agreement.
The sales agreement must affect the unit price, price unit, and discount amount for a sales order after the sales order is linked to a sales agreement.
Which commitment type should you use? Value Product value Product category value Product quantity.
Which two statements regarding site creation are true? Each correct answer presents a complete solution. A single site can only contain a single warehouse. A site shares interrelated transactions. A site can be shared by multiple legal entities. A single legal entity can use multiple sites.
You need to set up a commission calculation.
Which three options can you configure? Each correct answer is a complete solution. commission percentage period customer relation item relation sales rep. relation.
You add a new product to the system.
You need to assign attributes to the product.
Where should you assign the attributes? in the Product form in the category hierarchy in the category assigned to a product in the item group.
For all the customers in a specific geographical area, you must assess a four percent charge due to a recent government regulation.
You need to configure Microsoft Dynamics 365 for Finance and Operations to automatically assess the charge for appropriate customers.
What should you configure? a delivery charge group a state sales tax group a service item a customer charge group.
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