MB-330 Study Set #4

SIMULATION - You are a functional consultant for a company named Contoso Entertainment System USA (USMF). Sales order number 000754 contains a delivery detail of three ruggedized laser projectors. The customer reports that only two projectors were delivered. You need to update the packing slip for the sales order. To complete this task, sign in to Dynamics 365 portal.

1. Select Sales and marketing > Common > Sales orders > All sales orders. 2. Search for and select sales order number 000754. 3. On the Pick and pack tab, select Packing slip to open the packing slip. 4. Click on the Correct button. 5. On the Parameters FastTab, in the Quantity field, enter 2. 6. Set the Posting option to Yes to post the packing slip. 7. Set the Print packing slip option to Yes to print the packing slip when it's posted.

A company uses Dynamics 365 Supply Chain Management. The finance department processes royalty claims using the accounts payable module. You need to pass the claims to the accounts payable group for payment. Which three events will occur? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. A Royalty accrual journal posting reverses the previous interim postings for accrual and expense amounts. B. A credit is posted to the vendor's payable account. C. A vendor invoice for the royalty payment is set to draft. D. A new vendor invoice for the royalty is created and posted. E. A hold is put on the amounts held in the royalty fees account.

A. A Royalty accrual journal posting reverses the previous interim postings for accrual and expense amounts. B. A credit is posted to the vendor's payable account. D. A new vendor invoice for the royalty is created and posted.

A company uses Dynamics 365 Supply Chain Management and implements procurement categories. Purchase requisitions are required for the purchase of procurement category goods. You need to ensure that the company purchases office supplies only from one specific vendor. Which two actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Add the preferred vendor to the office supplies procurement category setup B. Create a preferred trade agreement for the office supplies vendor C. In purchasing policies, configure a specific category policy for office supplies D. In purchasing policies, create a Purchase requisition control rule E. Configure the purchase requisition workflow to specify the office supplies vendor

A. Add the preferred vendor to the office supplies procurement category setup C. In purchasing policies, configure a specific category policy for office supplies

A company uses Dynamics 365 Supply Chain Management. Products are being added to purchase orders for the incorrect vendors. You need to restrict which products can be purchased from specific vendors. Which two features should you use? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Approved vendor list B. Item group C. Vendor group D. Vendor external item E. Item model group

A. Approved vendor list E. Item model group

You configure purchasing policies and oversee purchasing processes for a company. Users often submit requisitions with incorrect information. Users also select non-approved vendors or incorrect categories. You need to set up a procurement policy that limits which procurement categories and vendors can be selected. Which two policy rules should you configure? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Category access policy rule B. Purchase requisition control rule C. Catalog policy rule D. Category policy rule

A. Category access policy rule D. Category policy rule

A company manufactures and sells surround-sound audio systems. A third-party company manufactures the stereo receivers as part of the Bill of materials (BOM) for complete sound systems. You need to automatically create a purchase order for the stereo receiver from the production order for a sound system. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Assign the Vendor account to the service item BOM line. B. Set service item BOM line type to Vendor. C. Set the service item BOM line type to Pegged supply. D. Link the service items to the vendor on the costing sheet. E. Attach the service item to the parent item as a BOM line.

A. Assign the Vendor account to the service item BOM line. B. Set service item BOM line type to Vendor. E. Attach the service item to the parent item as a BOM line.

A company manufactures and sells custom bicycles. Customers can customize some components to create a custom bicycle. You need to configure sales orders to support the customization allowed for custom bicycle orders. What are two possible ways to achieve this goal? A. Create a sales order for the bicycle and make configuration selections on the order for the upgraded seat and handlebars. The production order will be automatically generated with the correct seat and handlebars. D. Configure the product to allow for the seat and handlebars selection to be defined at order creation, automatically adding an upcharge to the sales price.

A. Create a sales order for the bicycle and make configuration selections on the order for the upgraded seat and handlebars. The production order will be automatically generated with the correct seat and handlebars. D. Configure the product to allow for the seat and handlebars selection to be defined at order creation, automatically adding an upcharge to the sales price.

A client wants to use Dynamics 365 Supply Chain Management to assist processing intercompany trade. You need to ensure that intercompany sales order payments process correctly when intercompany payable journals are posted. What should you do? A. In the intercompany trade parameters for sales order policies, select Post journal automatically B. In the intercompany trade parameters for purchase order policies, select Post invoice automatically C. In the intercompany trade parameters for purchase order policies, select Post journal automatically D. In the intercompany trade parameters for sales order policies, select Allow summary update of documents for original customer

A. In the intercompany trade parameters for sales order policies, select Post journal automatically

A company has an agreement to pay royalties to a third party for use of their logo. A royalty contract must be setup so that the third party paid monthly. The payment is based on invoiced sales. You need to create a royalty contract and create monthly Accounts payable to the third party. Solution: Create a royalty contract. Select monthly for the cumulative sales. Add line item, products, and value to pay the vendor for use of the logo. Does the solution meet the goal? A. Yes B. No

A. Yes

A company has an agreement to pay royalties to a third party for use of their logo. A royalty contract must be setup so that the third party paid monthly. The payment is based on invoiced sales. You need to create a royalty contract and create monthly Accounts payable to the third party. Solution: Use the automatically calculated royalty amounts to approve and then create a monthly claim to pay the vendor. Does the solution meet the goal? A. Yes B. No

A. Yes

A company plans to simplify interactions between purchasing department employees and vendors. You need to ensure that employees are redirected to a vendor's online store to select items for inclusion on purchase requisitions. Solution: Create an external catalog. Does the solution meet the goal? A. Yes B. No

A. Yes

A company uses Dynamics 365 Supply Chain Management to manage item returns. You need to ensure that the original quantity and price from a sales order is used for return order. Solution: Use the Find sales order function to link the return order to the original sales order. Does the solution meet the goal? A. Yes B. No

A. Yes

A vendor is offering a rebate program on bottles of wine that have purchase orders placed within a month. There is a $5.00 rebate on the purchase of 10-100 bottles and a $6.00 rebate for the purchase of 101-200 bottles. Customers can purchase wine by the bottle or by the case. Discounts apply to all varieties of wine sold by the vendor. You need to create a vendor rebate agreement to ensure that the correct rebate amount is claimed at the end of the month. Solution: On the rebate agreement, set the calculation date type field to created. Does the solution meet the goal? A. Yes B. No

A. Yes

HOTSPOT - A company is implementing purchase requisition features in Dynamics 365 Supply Chain Management. You need to configure the appropriate purchase requisition solutions. Which solution should you use for each scenario? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area:

Allow the selection of items from a vendor's website and use the selections to create a purchase requisition line with correct pricing = Select external catalogs on the purchase requisition line entry Allow specific employees to view a list of requestors = Configure purchase requisition permissions

A company is implementing sales order functionality in Dynamics 365 Supply Chain Management. The company has a business requirement to fulfill sales orders by using direct delivery. You need to enter a direct delivery sales order so that a purchase order is automatically created. What should you do after you enter the sales order and lines? A. Change the order type to journal and manually enter a PO for the sales order line items on the sales order header. B. Change the delivery type on the sales order line to direct delivery and select save. C. Select automatic and confirm the sales order on the line level setup tab in the reservation field. D. Change the customer's address to the vendor's direct delivery address and confirm the sales order.

B. Change the delivery type on the sales order line to direct delivery and select save.

A company has an agreement to pay royalties to a third party for use of their logo. A royalty contract must be setup so that the third party paid monthly. The payment is based on invoiced sales. You need to create a royalty contract and create monthly Accounts payable to the third party. Solution: Add line items to a royalty contract with the associated customer and create sales orders for the items. Does the solution meet the goal? A. Yes B. No

B. No

A company has an agreement to pay royalties to a third party for use of their logo. A royalty contract must be setup so that the third party paid monthly. The payment is based on invoiced sales. You need to create a royalty contract and create monthly Accounts payable to the third party. Solution: Create a royalty claim in Accounts receivable. Set up the third party as a customer to be paid royalties for use of the logo. Does the solution meet the goal? A. Yes B. No

B. No

A company plans to simplify interactions between purchasing department employees and vendors. You need to ensure that employees are redirected to a vendor's online store to select items for inclusion on purchase requisitions. Solution: Create a procurement catalog. Does the solution meet the goal? A. Yes B. No

B. No

A company plans to simplify interactions between purchasing department employees and vendors. You need to ensure that employees are redirected to a vendor's online store to select items for inclusion on purchase requisitions. Solution: Create a retail product catalog. Does the solution meet the goal? A. Yes B. No

B. No

A company plans to simplify interactions between purchasing department employees and vendors. You need to ensure that employees are redirected to a vendor's online store to select items for inclusion on purchase requisitions. Solution: Create a vendor catalog. Does the solution meet the goal? A. Yes B. No

B. No

A company uses Dynamics 365 Supply Chain Management to manage inventory. Backorders exist on customer sales orders because incorrect data was given on product quantities. Users need to look up what quantity can be sold and when more product will arrive. Solution: On Order shows what quantities are on inbound orders to the warehouse. Does the solution meet the goal? A. Yes B. No

B. No

A company uses Dynamics 365 Supply Chain Management to manage inventory. Backorders exist on customer sales orders because incorrect data was given on product quantities. Users need to look up what quantity can be sold and when more product will arrive. Solution: Ordered shows what quantities are on inbound orders to the warehouse. Does the solution meet the goal? A. Yes B. No

B. No

A company uses Dynamics 365 Supply Chain Management to manage inventory. Backorders exist on customer sales orders because incorrect data was given on product quantities. Users need to look up what quantity can be sold and when more product will arrive. Solution: Physical Available shows what quantity can be sold. Does the solution meet the goal? A. Yes B. No

B. No

A company uses Dynamics 365 Supply Chain Management to manage inventory. Backorders exist on customer sales orders because incorrect data was given on product quantities. Users need to look up what quantity can be sold and when more product will arrive. Solution: Total Available shows what is available for sale at that point in time. Does the solution meet the goal? A. Yes B. No

B. No

A company uses Dynamics 365 Supply Chain Management to manage item returns. You need to ensure that the original quantity and price from a sales order is used for return order. Solution: Create a Sales Order that uses the returned order sales type. Does the solution meet the goal? A. Yes B. No

B. No

A company uses Dynamics 365 Supply Chain Management to manage item returns. You need to ensure that the original quantity and price from a sales order is used for return order. Solution: Create a margin alert. Does the solution meet the goal? A. Yes B. No

B. No

A vendor is offering a rebate program on bottles of wine that have purchase orders placed within a month. There is a $5.00 rebate on the purchase of 10-100 bottles and a $6.00 rebate for the purchase of 101-200 bottles. Customers can purchase wine by the bottle or by the case. Discounts apply to all varieties of wine sold by the vendor. You need to create a vendor rebate agreement to ensure that the correct rebate amount is claimed at the end of the month. Solution: On the rebate agreement, set the start date to be the first of the month. Set the expiry date to be 30 days. Does the solution meet the goal? A. Yes B. No

B. No

A vendor is offering a rebate program on bottles of wine that have purchase orders placed within a month. There is a $5.00 rebate on the purchase of 10-100 bottles and a $6.00 rebate for the purchase of 101-200 bottles. Customers can purchase wine by the bottle or by the case. Discounts apply to all varieties of wine sold by the vendor. You need to create a vendor rebate agreement to ensure that the correct rebate amount is claimed at the end of the month. Solution: On the rebate agreement, specify each item group assigned to wine. Add a rebate line break of quantity 10-100 and a second rebate line break of quantity 101-200. Does the solution meet the goal? A. Yes B. No

B. No

A vendor is offering a rebate program on bottles of wine that have purchase orders placed within a month. There is a $5.00 rebate on the purchase of 10-100 bottles and a $6.00 rebate for the purchase of 101-200 bottles. Customers can purchase wine by the bottle or by the case. Discounts apply to all varieties of wine sold by the vendor. You need to create a vendor rebate agreement to ensure that the correct rebate amount is claimed at the end of the month. Solution: On the rebate agreement, in the unit of measure rebate option, select exact match. Does the solution meet the goal? A. Yes B. No

B. No

A company uses Dynamics 365 Supply Chain Management. A customer returns a product that is defective for a replacement. You need to process the return order. Which three actions should you perform? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Create a return of type Credit Only B. Set the deadline date according to the company policy C. Create a credit note for the replaced product D. Set the delivery address to the customer's address in the return order E. Create a return of type Physical Return F. Set the deadline date to the date the customer returns the defective product G. Set the delivery address to the company warehouse in the return order

B. Set the deadline date according to the company policy E. Create a return of type Physical Return G. Set the delivery address to the company warehouse in the return order

A company uses Dynamics 365 Supply Chain Management to manage procurement operations. A purchasing manager creates a procurement request of the main product line from an offshore vendor. The vendor informs the purchasing manager that the items will be delivered in two phases due to raw materials shortages. The purchasing manager wants to maintain this information by keeping the procurement request intact for tracking. You need to configure the procurement requirements before the goods are shipped. What are two possible ways to achieve this goal? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point. A. Update folio. B. Update voyage. C. Update vessel. D. Update purchase order.

B. Update voyage. D. Update purchase order.

A company has multiple legal entities. The company is implementing Dynamics 365 Supply Chain Management. Purchase orders are generated from multiple legal entities. To reduce shipping costs, the purchase orders must be consolidated into multiple shipping containers of the same type and placed onto a single vessel for inbound receipt into the country/region. You need to configure the path of the shipping containers. What should you configure? A. Journey B. Voyage C. Route D. Route segment

B. Voyage

A company uses Dynamics 365 Supply Chain Management and has a single legal entity. The company manually creates and adds new items frequently. Many of these items require the same setup as existing items. The company requires a streamlined process to copy fields from another item upon creation and allow for other employees to use the same process. You need to configure the simplified process. What should you do? A. Create a personalization. B. Release the product master. C. Create an item template. D. Create a new product master.

C. Create an item template.

You are the customer relations manager at a wholesale company. You perform promotion planning and must track fund usage. You need to set up a trade allowance agreement to register and track promotion contracts. Which two items should you set up prior to creating the agreement? Each correct answer presents part of the solution. NOTE: Each correct selection is worth one point. A. Sales category hierarchy B. Opportunity reasons C. Customer category hierarchy D. Trade allowance funds

C. Customer category hierarchy D. Trade allowance funds

You identify a new vendor. You must create a purchase agreement for the vendor that includes direct invoicing and insurance. You need to a create a classification for the purchase agreement. What should you do? A. Set the value for Certification to Yes. Set the value for Requires direct invoicing to No. B. Set the value for Certification to No. Set the value for Requires direct invoicing to No. C. Set the value for Certification to Yes. Set the value for Requires direct invoicing to Yes. D. Set the value for Certification to No. Set the value for Requires direct invoicing to Yes.

C. Set the value for Certification to Yes. Set the value for Requires direct invoicing to Yes.

A buyer places a purchase requisition for item C0001 from a new vendor. All purchases from a new vendor must go through an internal workflow approval process. You need to ensure that a purchase order (PO) is automatically created from the purchase requisition. Which setup must be in place? A. Status = approved, item = C0001, vendor populated on the PO B. Status = in review, item = C0001, vendor populated on the purchase requisition C. Status = approved, item = C0001, vendor populated on the purchase requisition D. Status = draft, item = C0001, vendor populated on the PO

C. Status = approved, item = C0001, vendor populated on the purchase requisition

A company is implementing Dynamics 365 Supply Chain Management. The top 10 customers receive a special price on ItemA when they buy a minimum of 50. Customers who qualify as the top 10 changes periodically throughout the year. The price of ItemA must remain static throughout the year and set up annually. You must configure the system to meet the requirements. What should you configure? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point.

Configure top 10 customers = Customer group Configure pricing = Trade agreement (sales)

DRAG DROP - You are the purchasing manager for a company. You enter into a consignment agreement with a vendor. Raw material R0001 is managed under the consignment agreement with the vendor. You need to replenish raw material R0001 for consumption and update ownership. Which four actions should you perform in sequence? To answer, move the appropriate actions from the list of actions to the answer area and arrange them in the correct order. Select and Place:

Create a consignment replenishment order Generate a consignment replenishment order product receipt Create & post inventory ownership change journal entry Post the vendor invoice

HOTSPOT - A parent company owns two subsidiaries. Some of the products manufactured in one of the subsidiaries must be sold to the other subsidiary so they can be sold in retail stores. You need to configure the customer and products for intercompany setup. How should you configure the setup? To answer, select the appropriate options in the answer areas. NOTE: Each selection is worth one point. Hot Area:

Customer = Activate intercompany and select the corresponding company and MY vendor account Products = Release products to both companies

A company is implementing Dynamics 365 Supply Chain Management with batch-controlled items. The management team wants to ensure that sales margins are calculated based on the cost of the product. Because the company values inventory using FIFO, the cost of the product fluctuates. The product is typically less expensive in the beginning of a sales cycle and becomes more expensive toward the end of the sales cycle. You must ensure that products are sold and that margins are calculated based on the cost of the inventory. You need to ensure that the correct costs are assigned. What should you configure? A. Run the Update expiry date job. B. Configure Reserve ordered items. C. Enable automatic reservation. D. Configure an item model group reservation policy

D. Configure an item model group reservation policy

A company uses Dynamics 365 Supply Chain Management. A customer negotiated a sales price for 100 items for the next 60 days. Management reviews reports on how many items the customer has purchased at this price. The customer has an existing order for the agreed sales agreement quantity. The customer calls to add an additional quantity that exceeds the sales agreement maximum amount. The customer is not entitled to the discounted sales price outside of the agreement. You need to ensure that the customer receives the ordered amount and that the management reports are correct. Which action should you perform? A. Modify the sales agreement quantity as unconfirmed. B. Edit the sales order quantity and when prompted to save changes, select Yes. C. Modify the sales agreement to clear the Max Enforced checkbox and do not confirm. D. Create a new sales order for the quantity that exceeds the sales agreement amount.

D. Create a new sales order for the quantity that exceeds the sales agreement amount.

An organization has two legal entities. One of the companies is going to sell a new product to the other company. The company that will receive the product must get a discount on items for the first three months of initial sales. You need to configure the system to apply the discount for the specified period. What should you do? A. Set the default purchase price on the company that is receiving the product. B. Enter the default purchase price on the company that is selling the product. C. Set up an intercompany purchase agreement. Do not allow the validity period to be edited. D. Set up a Trade Agreement. Set the To Date field to end in three months.

D. Set up a Trade Agreement. Set the To Date field to end in three months.

HOTSPOT - A company sells licensed products. You must pay the licensor royalties for the items each month. You need to set up a royalty agreement to pay the licensor. How should you set up the royalty agreement? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area:

Specify the royalty agreement ledger accounts = Accrual and Expense Create royalty claims at the time of sales orders = invoiced Complete the claim = Post the royalty accrual journal and create and post the vendor invoice

SIMULATION - You are a functional consultant for a company named Contoso Entertainment System USA (USMF). USMF recently experienced issues with a transport company. Many packages were returned because the boxes were opened during delivery. Users in the sales department are creating sales order returns for the returned open boxes. You need to configure the system to ensure that the sales department users can select a predefined description of Open Box for each sales order return. To complete this task, sign in to Dynamics 365 portal.

You need to configure a Return Reason Code. 1. Click Sales and marketing > Setup > Sales orders > Returns > Return reason codes. 2. Press CTRL + N to create a new return reason code line. 3. In the Return reason code field, enter text to identify this code (enter Open Box). 4. In the Description field, enter text to describe the return reason code. 5. Use the Return reason code group drop-down list to add the code to a return reason code group