Microsoft MB-330 Practice Test - Questions Answers, Page 12
Question list
List of questions
A company has items in inventory with two costing methods: FIFO and Standard.
The company needs to calculate the cost of all items at month end and provide a total inventory value to the finance department.
You need to determine the total value of inventory.
Which costing method requires running the inventory close?
FIFO and Standard Cost items
FIFO items only
LIFO, Moving Average, and Date Weighted Average items
Standard Cost items only
Note: This question-is part of a series of questions that present the same scenario. Each question-in the series contains a unique solution that might meet the stated goals. Some question-sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question-in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are the purchasing manager at a manufacturing company that makes audio equipment.
You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.
You need to set up pricing information and track the fulfillment of the agreement.
Solution:
Create a purchase agreement of type Product value commitment.
Add a line for item C0001.
Enter a product value of $15,000 and enter an expiration date of one year.
Does the solution meet the goal?
Yes
No
Note: This question-is part of a series of questions that present the same scenario. Each question-in the series contains a unique solution that might meet the stated goals. Some question-sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question-in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are the purchasing manager at a manufacturing company that makes audio equipment.
You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.
You need to set up pricing information and track the fulfillment of the agreement.
Solution: On the released product, set a price of $3.00. Add the vendor to the vendor account field on the Purchase fast tab.
Does the solution meet the goal?
Yes
No
Note: This question-is part of a series of questions that present the same scenario. Each question-in the series contains a unique solution that might meet the stated goals. Some question-sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question-in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are the purchasing manager at a manufacturing company that makes audio equipment.
You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.
You need to set up pricing information and track the fulfillment of the agreement.
Solution: Create a purchase agreement for the vendor that specifies a product quantity commitment. Include the quantity, the price, and the expiration date.
Does the solution meet the goal?
Yes
No
A distribution company wants to set up barcodes in their Dynamics 365 Supply Chain Management system for warehouse scanning.
Barcodes will be entered manually.
You need to minimize the risk of errors on barcode entry.
What should you do?
Create a new barcode, enter the value, select the type, and enter the mask.
Select an item, select the barcode type, select max length, and enter the value.
Select an item and set up security on the barcode field.
Create a new barcode, enter the value, select the type, and enter the size and max length.
You are the planner for a distribution company.
You observe an increase in planned orders for item C0001. You must track the source for these planned orders and break them out based on their demand. You are not concerned with safety stock maximums for this item.
You need to ensure that the master planning batch job will create a unique planned purchase order for every new demand requirement for C0001.
Which coverage code should you use?
Manual
Period
Min/Max
Requirement
A company sells jars of sliced or whole pickles. The company produces jars of various sizes.
You need to set up the item to ensure that pickles have a single item number for all container sizes.
What are two possible ways to achieve this goal? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
Setup the size, color, and style in each legal entity. Go to the products form, create a new product and assign it to each dimension.
Create a new product master with predefined variant configuration technology and release to the legal entities. Use the product dimensions to define the size, color, and style.
Create and release a product to the legal entities. Use the storage dimensions to define the size, color, and style.
Create a new product master with dimension-based configuration technology and release to the legal entities. Use the configuration to define the size, color, and style.
A company manufactures street, mountain, and racing bicycles.
The company wants to use product variants to control bicycle configuration.
You need to configure the bicycles in the system.
What should you do?
Create mountain, street, and racing bicycles as separate configuration models.
Use one item number for all types of bicycles. Use a separate configuration number for each type of bicycle.
Use different item numbers for mountain, street, and racing bicycles.
A company implements the Dynamics 365 Supply Chain Management procurement module.
During testing, you observe that no transactions are posted to the product receipt journal when an item is received.
You need to configure the system to show the appropriate transactions in the product receipt journal.
Which two actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
On the Item group setup form, enter account information in the Purchase, accrual and Purchase expenditure, un-invoiced account fields.
On the Item model group setup form, select Include physical value.
On the item group setup form, enter account information in the Purchase, accrual and Purchase expenditure for product fields.
On the Item model group setup form, select Accrue liability on product receipt.
SIMULATION
You are a functional consultant for a company named Contoso Entertainment System USA (USMF).
You plan to trade a product named Professional Speaker Cable in the color gray.
You need to release all the available variants of Professional Speaker Cable in gray.
To complete this task, sign in to Dynamics 365 portal.
Question