Microsoft MB6-700 Online Practice Questions and Exam Preparation

Microsoft MB6-700 Online Questions & Answers

• Question 21:

  You set up project management and accounting. You need to represent the types of costs and revenues that are defined for all projects in your entire organization. Which item should you create to organize categories?

  A. shared category
  B. expense category
  C. project category
  D. category group
  D. category group

• Question 22:

  Your company invoices in U.S. dollars on a project for a company whose currency is euros.

  To avoid any issues with currency exchange rate fluctuations, you agree on a fixed currency exchange rate for invoices.

  How should you set up the project?

  A. Specify a fixed-rate agreement on the project.
  B. Specify a fixed exchange rate on the invoice proposal.
  C. Specify a fixed exchange rate on the sales order.
  D. Specify a fixed-rate agreement on the project contract.
  D. Specify a fixed-rate agreement on the project contract.

• Question 23:

  Which statement about funding sources is true?

  A. A project contract must have one and only one funding source.
  B. Funding sources must be created when the project contract is created and cannot be added later.
  C. A project contract must have at least one funding source.
  D. Funding sources can be created at any time during a project and will apply retroactively.
  E. A project contract does not have to have a funding source.
  C. A project contract must have at least one funding source.

• Question 24:

  Which statement for both the cost and the time project types is true?

  A. Both allow registering hour transactions.
  B. Both allow capitalizing on balance sheet accounts.
  C. Both allow registering expense transactions.
  D. Both allow posting hour transactions on profit and loss accounts.
  A. Both allow registering hour transactions.

• Question 25:

  To which funding type can you apply payment retention?

  A. On hold
  B. Grant
  C. Organization
  D. Customer
  D. Customer

• Question 26:

  You work with a fixed-price project. To which process do the completed contract and completed percentage assessment principles relate?

  A. posting revenue
  B. transferring costs from balance sheet to profit and loss accounts
  C. posting costs
  D. accumulating costs in balance sheet accounts
  A. posting revenue

• Question 27:

  Which item is a valid funding type for a project contract?

  A. Project
  B. Customer
  C. Vendor
  D. Ledger
  B. Customer

• Question 28:

  Which statement about the customer advance feature is true?

  A. The customer advance cannot be created once transactions have been posted to the project.
  B. The customer advance is created by using the payment journal.
  C. The customer advance can be used to offset billable charges by using the invoice proposal process.
  D. The customer advance amount can be defined as a percentage of an existing invoice amount.
  C. The customer advance can be used to offset billable charges by using the invoice proposal process.

• Question 29:

  You attach an invoice format to the project contract. Which item is controlled by the invoice format setting?

  A. invoice output destination
  B. invoice currency
  C. invoice summarization
  D. invoice orientation
  C. invoice summarization

• Question 30:

  You are planning to install a Microsoft Dynamics NAV client by using Group Policy.

  Which two statements are correct about the Software Distribution Point (SDP)? (Each correct answer presents a complete solution. Choose two.)

  A. The folder that is used as the SDP must be located on the Microsoft Dynamics NAV Server.
  B. The folder that is used as the SDP may only contain .MSI files.
  C. Users must have Read access on the folder that is used as the SDP.
  D. Administrators must have sufficient permissions on the folder that is used as the SDP to change the package files.
  C. Users must have Read access on the folder that is used as the SDP.
  D. Administrators must have sufficient permissions on the folder that is used as the SDP to change the package files.