MB6-700 Exam Questions

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

You have a project with multiple funding sources. You need to set up the allocation of funds in the project contract. How many funding sources can you select for rounding off the d...

What can the Resource assignment analysis report do that the Resource assignments report cannot do?

To which funding type can you apply payment retention?

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 a...

You set up the project validation feature. You need to restrict certain employees to use specific categories when they enter transactions in journals for particular projects. Which...

Which three parameters are required when entering the hours forecast for a project? (Each correct answer presents part of the solution. Choose three.)

You set up project management and accounting validation parameters. You need to accept valid options that are not defined in the respective validation groups. Which option should y...

What is the difference between advanced and simple internal projects?

Which journalizing option is used only for time tracking?

Which statement about fee forecasts is true?

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

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

You assign resources to a project. You need to define the scheduling requirements for the project. Which three actions are scheduling requirements? (Each correct answer presents pa...

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 pr...

You create a project contract. You need to include indirect costs. Which billing rule should you select?

You use the progress billing rule to invoice a project. Which action can be performed automatically by Microsoft Dynamics AX?

You need to set up a pay when paid (PWP) term for a project. Which project type should you choose?

You set up a category group and a project category to post customer payment retention transactions. Which transaction type should you select?

You set up a new internal project. You need to manually create a hierarchical representation of the activities for the project. Which form should you use?

You define project requirements in the work breakdown structure. What do the Importance settings determine?

You create an invoice proposal and use the Manage invoice form to manage the presentment of the invoice. Which two steps are required to group transactions with a subtotal on the i...

Which three actions are part of the basic setup for indirect costs? (Each correct answer presents part of the solution. Choose three.)

Changing the Project group item may also change which other project field?

You analyze the progress of a project. Which two groups of parameters should you configure prior to using the Hour utilization form? (Each correct answer presents part of the solut...

What is the purpose of the project statements form?

Which two tools enable you to control a project? (Each correct answer presents part of the solution. Choose two.)

You need to ensure that a project is invoiced according to a billing schedule based on the project contract. Which project type should you apply?

You create an internal project. You need to enable project budgeting for your project. Which three actions are mandatory to enable budgeting for the project? (Each correct answer p...

You set up an effective labor rate for a worker. The hourly cost price is 60 USD. 40 hours are available in the work week calendar. The worker submits only 30 hours for the week. W...

Which three items are valid project types? (Each correct answer presents part of the solution. Choose three.)

You are responsible for a customer's fixed-price project. The customer requests that you provide additional spare parts. The purchase of these spare parts falls outside the scope o...

Which three statements about on-account invoices are true? (Each correct answer presents part of the solution. Choose three.)

You configure a timesheet workflow. What is the Assignment function used to define?

Which statement about funding sources is true?

For which two project types can on-account forecasting be used? (Each correct answer presents part of the solution. Choose two.)

An internal project that includes work in process (WIP) is completed. You need to ensure that the costs posted to the balance accounts from hour,expense,and item transactions are m...

Why would you create an estimate?

You need to track the project costs in balance accounts until the customer is invoiced. Which type of project should you use?

Which item is used to transfer costs from work in process (WIP) accounts to profit and loss accounts?

You need to configure worker validation project assignments to ensure that certain projects are available for a specific worker. On which form should you configure this type of val...

You create a project contract with three funding sources. How many funding rules are created by default?

You need to recognize revenue as project costs are posted. Which type of project should you use?

Which statement about the effective labor rate (ELR) feature is true?

What is the purpose of the My Delegates feature?

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

Your company negotiates a project contract worth 120,000 USD with a customer. To maintain an acceptable profit margin,the budget for the project is set at 85,000 USD. The project m...

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...

You need a quick snapshot view of a project's progress. Which form should you use?