Microsoft MB6-700 Online Practice Questions and Exam Preparation

Microsoft MB6-700 Online Questions & Answers

• Question 71:

  Which two items are determined by the cost templates for advanced fixed-price projects? (Each correct answer presents part of the solution. Choose two.)

  A. the amount of hours that can be posted for advanced fixed-price projects
  B. the amount of expenses that can be posted for advanced fixed-price projects
  C. whether to calculate the degree of completion on the posted amount or quantity
  D. the categories included in calculating the degree of completion
  C. whether to calculate the degree of completion on the posted amount or quantity
  D. the categories included in calculating the degree of completion

• Question 72:

  You transfer a project quotation with a work breakdown structure to a new project.

  Which three project data sets can be created during the transfer process? (Each correct answer presents part of the solution. Choose three.)

  A. Invoice proposal
  B. Project budget
  C. Forecast
  D. Item requirements
  E. Billing rules
  B. Project budget
  C. Forecast
  D. Item requirements

• Question 73:

  You set up a new internal project that includes work in process (WIP). You need to ensure that the actual project costs for hours, expenses, and items are posted to a WIP financial account on the balance sheet. Which form should you use to specify that each type of cost will be posted to balance accounts?

  A. Ledger updates
  B. Ledger posting setup
  C. Post costs
  D. Project groups
  D. Project groups

• Question 74:

  You create a project purchase order with both pay-when-paid (PWP) and customer retention terms enabled. The PWP threshold percentage is defined as 70% for the vendor.

  The customer retention term, each time the customer is invoiced, is 25% of the invoice amount. You invoice the customer for 90, 000 USD.

  What is the minimum amount that you need to receive from the customer so that you can pay the vendor?

  A. 22, 500 USD
  B. 67, 500 USD
  C. 63, 000 USD
  D. 40, 500 USD
  B. 67, 500 USD

• Question 75:

  Based on which method do time and material projects create invoices?

  A. monthly payments
  B. predefined milestones in the project
  C. transactions posted to the project
  D. project phases
  C. transactions posted to the project

• Question 76:

  You have several transactions that are not going to be invoiced. You need to ensure that these transactions are still moved to the profit and loss accounts.

  Which form should you use?

  A. Post costs
  B. Hour journal
  C. Expense journal
  D. Item journal
  A. Post costs

• Question 77:

  You create a project contract.

  You need to include indirect costs.

  Which billing rule should you select?

  A. Progress
  B. Unit of delivery
  C. Time and material
  D. Milestone
  C. Time and material

• Question 78:

  You generate project quotation lines based on a work breakdown structure. Which event occurs when a quotation line is modified?

  A. A new work breakdown structure is created.
  B. The link to the work breakdown structure is removed.
  C. The work breakdown structure is updated.
  D. Modifications to a quotation line generated from a work breakdown structure are not permitted.
  C. The work breakdown structure is updated.

• Question 79:

  Which task is allowed after a budget is approved?

  A. creating an additional project budget for the project
  B. creating a general ledger budget for a new subproject
  C. reallocating a project budget from another project
  D. building a forecast model from the project budget
  C. reallocating a project budget from another project

• Question 80:

  Which statement describes what happens during the elimination process for a fixed-price project?

  A. The work in process (WIP) on-account account postings and the WIP production and profit postings are reversed automatically.
  B. All existing lines are removed from the estimate.
  C. The fixed-price project is removed.
  D. The WIP on-account account postings and the WIP production and profit postings must be reversed manually.
  A. The work in process (WIP) on-account account postings and the WIP production and profit postings are reversed automatically.