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Microsoft MB-700 Practice Test - Questions Answers

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Question 1

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A company uses a legacy finance application that runs on a single SQL Server instance. The company plans to implement Dynamics 365 Finance. The following table describes the current implementation and design decisions for the new implementation:

Microsoft MB-700 image Question 1 102827 10052024010155000000

You need to identify the gap in the migration plan. Which requirement should you identify as a gap?

Business logic

Business logic

Users

Users

User Interface

User Interface

Reports

Reports

Data

Data
Suggested answer: B

Explanation:

Reference:

https://docs.microsoft.com/en-us/office365/enterprise/add-several-users-at-the-same-time

asked 05/10/2024
kevin klyn
36 questions

Question 2

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A company use Dynamics 365 Business Central.

The company identifies the following issues:

Users report they cannot perform planning and dispatching of service orders or track bills of material in the system.

The finance department says that licensing costs are higher than budgeted.

You need to recommend a solution to address the issues. What should you recommend?

Use the Lifecycle Services business process modeler to create service order management and manufacturing tasks in the BPM Library.

Use the Lifecycle Services business process modeler to create service order management and manufacturing tasks in the BPM Library.

Perform a fit-gap analysis. Implement service order management and manufacturing business processes and license changes.

Perform a fit-gap analysis. Implement service order management and manufacturing business processes and license changes.

Configure all users as Business Central Premium users.

Configure all users as Business Central Premium users.

Ensure that the service order management and manufacturing processes steps are documented in a flow chart.

Ensure that the service order management and manufacturing processes steps are documented in a flow chart.

Configure all users as Business Central Essentials users.

Configure all users as Business Central Essentials users.
Suggested answer: B
asked 05/10/2024
Max Archer
38 questions

Question 3

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A holding company with three independently managed and operated subsidiaries is implementing Dynamics 365 Finance.

The company needs to ensure the restriction of data for each company from subsidiary counterparts.

You need to determine an organization structure.

Which structure should you recommend?

single legal entity with security policies

single legal entity with security policies

separate legal entities

separate legal entities

single legal entity with custom business unit financial dimension

single legal entity with custom business unit financial dimension

single entity that consolidates legal entities

single entity that consolidates legal entities

single legal entity with default business unit financial dimension

single legal entity with default business unit financial dimension
Suggested answer: B
asked 05/10/2024
mark linde
30 questions

Question 4

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A company plans to implement Dynamics 365 Finance + Operations (on-premises).

The company has system compliance requirements that must be addressed. You need to design the solution for the company.

What should you address in the design?

employee retirement

employee retirement

data privacy

data privacy

fair labor standards

fair labor standards

equal employment opportunity

equal employment opportunity
Suggested answer: B
asked 05/10/2024
TJOE INKAWATI
29 questions

Question 5

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An organization is implementing Dynamics 365 Finance.

The organization uses financial reports including detailed balance information in local currencies for all accounts. Reports must include general ledger account number and journal entry line description.

You need to recommend a report that meets the requirements. Which report should you recommend?

Audit Details

Audit Details

Summary Trial Balance

Summary Trial Balance

Balance Sheet

Balance Sheet

Cash Flow

Cash Flow
Suggested answer: A
asked 05/10/2024
cheitram patel
34 questions

Question 6

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A trading company is concerned about the impact of General Data Protection Regulation (GDPR) on their business.

The company needs to define personal data for their business purposes. You need to define personal data as defined by GDPR.

Which three types of data are considered personal data? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

password

password

Social Security number

Social Security number

a portion of the address (region, street, postcode etc.)

a portion of the address (region, street, postcode etc.)

International article (EAN) number

International article (EAN) number

MAC address

MAC address
Suggested answer: A, B, C
asked 05/10/2024
Jordan Nguyen
31 questions

Question 7

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A company needs to create customer-facing documents in Dynamics 365 Finance.

The company does not have an in-house developer.

You need to determine a solution for creating the documents.

Which three tools should you recommend? Each correct answer presents a complete solution.

NOTE: Each correct selection is worth one point.

SSRS reports

SSRS reports

Microsoft Excel

Microsoft Excel

Electronic reporting

Electronic reporting

Microsoft Word

Microsoft Word

Financial reports

Financial reports
Suggested answer: B, C, D
asked 05/10/2024
Stan Nichols
32 questions

Question 8

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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.

A company with multiple legal entities implements Dynamics 365 Finance.

You need to recommend options to ensure that you can provide customized financial reporting across the legal entities.

Solution: Create separate business units. Does the solution meet the goal?

Yes

Yes

No

No
Suggested answer: A

Explanation:

Reference:

https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/generating-consolidatedfinancial-statements

asked 05/10/2024
Asif Khan
42 questions

Question 9

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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.

A company with multiple legal entities implements Dynamics 365 Finance.

You need to recommend options to ensure that you can provide customized financial reporting across the legal entities.

Solution: Create separate cost centers to manage operations. Does the solution meet the goal?

Yes

Yes

No

No
Suggested answer: B
asked 05/10/2024
Sumit Dhar
47 questions

Question 10

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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.

A company with multiple legal entities implements Dynamics 365 Finance.

You need to recommend options to ensure that you can provide customized financial reporting across the legal entities.

Solution: Create separate departments to manage functional areas. Does the solution meet the goal?

Yes

Yes

No

No
Suggested answer: B
asked 05/10/2024
Maija Janite
38 questions
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