Microsoft MB-700 Practice Test - Questions Answers
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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:
You need to identify the gap in the migration plan. Which requirement should you identify as a gap?
Business logic
Users
User Interface
Reports
Data
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.
Perform a fit-gap analysis. Implement service order management and manufacturing business processes and license changes.
Configure all users as Business Central Premium users.
Ensure that the service order management and manufacturing processes steps are documented in a flow chart.
Configure all users as Business Central Essentials users.
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
separate legal entities
single legal entity with custom business unit financial dimension
single entity that consolidates legal entities
single legal entity with default business unit financial dimension
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
data privacy
fair labor standards
equal employment opportunity
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
Summary Trial Balance
Balance Sheet
Cash Flow
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
Social Security number
a portion of the address (region, street, postcode etc.)
International article (EAN) number
MAC address
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
Microsoft Excel
Electronic reporting
Microsoft Word
Financial reports
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
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.
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
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.
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
No
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