Microsoft MB7-701 Online Practice Questions and Exam Preparation

Microsoft MB7-701 Online Questions & Answers

• Question 71:

  You need to configure Microsoft Dynamics NAV to register when specific users log on and for how long they stay logged on. Which page should you use?

  A. Users
  B. Application Setup
  C. User Setup
  D. Permission Set
  C. User Setup

• Question 72:

  Your company's sales manager has to approve all sales orders before they are posted.

  You need to ensure a notification is sent by email automatically to the sales manager after a sales order is created.

  Which page should you use to set up the sales manager's email address for the notification?

  A. Approval Request Entries
  B. Approval Template
  C. Approval User Setup D. Approval Setup
  C. Approval User Setup D. Approval Setup

• Question 73:

  A G/L account is used in a customer posting group. Which statement is correct?

  A. Generally these G/L accounts are set up to allow direct posting as well as indirect posting.
  B. Generally these G/L accounts are set up to allow only direct posting.
  C. Generally these G/L accounts are set up with the Blocked field enabled to prohibit manual posting.
  D. Generally these G/L accounts are set up to not allow direct posting.
  D. Generally these G/L accounts are set up to not allow direct posting.

• Question 74:

  A fixed asset with a book value of $1000 is depreciated to an expected salvage value of S100 in 48 time periods. The depreciation amount must be the same each period. Which depreciation method should you assign to the depreciation book?

  A. DB2/SL
  B. Half-Year Convention
  C. Declining-Balance 1
  D. Straight-Line
  D. Straight-Line

• Question 75:

  Which two statements are true about fixed asset (FA) journals? (Each correct answer presents a complete solution. Choose two.)

  A. A calculated depreciation for a fixed asset is entered using the FA journal. When the journal is posted, an entry is created for the fixed asset number in the Fixed Asset module.
  B. A manually calculated depreciation for a fixed asset is entered using the FA G/L journal. When the journal is posted, an entry is created for both the G/L Account number as well as the fixed asset number in the Fixed Asset module.
  C. Fixed assets depreciation is automatically posted using the Calculate Depreciation batch job.
  D. General ledger entries based on fixed asset ledger entries are only created when using the depreciation book selected on the Fixed Assets Setup window.
  A. A calculated depreciation for a fixed asset is entered using the FA journal. When the journal is posted, an entry is created for the fixed asset number in the Fixed Asset module.
  B. A manually calculated depreciation for a fixed asset is entered using the FA G/L journal. When the journal is posted, an entry is created for both the G/L Account number as well as the fixed asset number in the Fixed Asset module.

• Question 76:

  You set up a G/L account that is used by Microsoft Dynamics NAV sub ledgers such as Customer Item and Vendor entries. How should you prevent users from manually posting entries to this G/L account?

  A. Do nothing. This functionality is enabled by default.
  B. Disable the Direct Posting option on theG/Laccount
  C. Enable the Blocked option on theG/Laccount.
  D. Setup restricted dimensions on theG/Laccount.
  B. Disable the Direct Posting option on theG/Laccount

• Question 77:

  You need to ensure that users are prompted to confirm a payment discount before they post a short payment from a customer. What steps do you need to take in the General Ledger Setup window?

  A. Populate the Payment Tolerance do and Max. Pmt. Tolerance Amount fields and run the Change Payment Tolerance batch job.
  B. Enable Payment Tolerance Warning, set Payment Tolerance Posting to Payment Discount Account, and run the Change Payment Tolerance batch job.
  C. Enable Pmt. Disc. Tolerance Warning, set Pmt. Disc. Tolerance Posting to Payment Discount Accounts, and run the Change Payment Tolerance batch job.
  D. Enable Payment Tolerance Warning, set Payment Tolerance Posting to Payment Discount Account, and populate the Payment Tolerance % and Max. Payment Tolerance Amount fields.
  B. Enable Payment Tolerance Warning, set Payment Tolerance Posting to Payment Discount Account, and run the Change Payment Tolerance batch job.

• Question 78:

  An organization purchases an asset that consists of multiple components. The components have a different depreciation method and vendor. You need to track the total costs of the asset. What two actions should you perform? (Each correct answer presents part of the solution. Choose two.)

  A. Connect each component asset to the other component assets using the FA subclasses.
  B. Create fixed asset cards for the asset and each component.
  C. Set up each component asset as a main asset component from the main asset card.
  D. Set up an FA class that is connected to the FA subclasses.
  A. Connect each component asset to the other component assets using the FA subclasses.
  D. Set up an FA class that is connected to the FA subclasses.

• Question 79:

  You need to zoom in on the Item List page in the RoleTailored client so that you can view all available fields and their values at the same time. What should you do?

  A. Press CTRL+Z
  B. Right-click anywhere on the page and select Zoom
  C. Press SHIFT+CTRL+Z
  D. Expand the Table Fields FastTab on the About This Page window
  D. Expand the Table Fields FastTab on the About This Page window

• Question 80:

  How do you set up a recurring journal that, after the initial posting, always posts on the last day of every month?

  A. Enter CM+1M in the Recurring Frequency field.
  B. Enter CM+1M in the Recurring Method field.
  C. Enter 1M+CM in the Recurring Frequency field.
  D. Enter 1M+CM in the Recurring Method field.
  C. Enter 1M+CM in the Recurring Frequency field.