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Home Microsoft MB-330

Microsoft MB-330 Exam Practice Questions (P. 5)

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Question #41
A company manufactures and sells speaker boxes. The speaker boxes can be silver or black with a basic or upgraded wiring harness assembly.
The speaker box must be created in the item master so that the variables for colors and harness type can be assigned at order entry.
You need to create a new item that supports multiple variables.
What should you do?
  1. A
    Create a new product. Select predefined variant as the configuration technology.
  2. B
    Create a new product master. Select constraint-based configuration as the configuration technology.
  3. C
    Create a new product. Select constraint-based configuration as the configuration technology.
  4. D
    Create a new product master. Select predefined variant as the configuration technology.

Correct Answer:
D
chatbot-img GPT-4o - Answer
When setting up an item in Microsoft Dynamics 365 Supply Chain Management that requires configuration at the point of order, a predefined variant is effective. This approach, as shown in Choice D, leverages product dimensions like color and configuration to model the product. It allows for setting up every potential combination of these dimensions in advance, thus streamlining the order entry process. Predefined variants indeed fit scenarios where the variations can be determined prior to the sale, ensuring that each variant is correctly identified and managed within the system. This method aligns well with products like speaker boxes that vary in color and small component types.

Question #42
A company has items in inventory with two costing methods: FIFO and Standard.
The company needs to calculate the cost of all items at month end and provide a total inventory value to the finance department.
You need to determine the total value of inventory.
Which costing method requires running the inventory close?
  1. A
    FIFO and Standard Cost items
  2. B
    FIFO items only
  3. C
    LIFO, Moving Average, and Date Weighted Average items
  4. D
    Standard Cost items only

Correct Answer:
B
chatbot-img GPT-4o - Answer
The correct selection here is primarily based on the inventory closing requirements associated with FIFO costing method. As from Dynamics 365, inventory close is necessary with FIFO to ensure that all transactions up to the closing date are settled and any variances corrected. This is particularly crucial at month-end to provide accurate inventory valuation to the finance department. However, contrary to earlier versions like Dynamics AX, the newer Dynamics 365 does not require an inventory close for Standard cost, simplifying the process for those using this method. Therefore, focusing on FIFO as per the given question aligns with the current functionalities in Dynamics 365.

Question #43
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are the purchasing manager at a manufacturing company that makes audio equipment.
You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.
You need to set up pricing information and track the fulfillment of the agreement.
Solution:
✑ Create a purchase agreement of type Product value commitment.
✑ Add a line for item C0001.
✑ Enter a product value of $15,000 and enter an expiration date of one year.
Does the solution meet the goal?
  1. A
    Yes
  2. B
    No

Correct Answer:
A
References:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-agreements

Question #44
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are the purchasing manager at a manufacturing company that makes audio equipment.
You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.
You need to set up pricing information and track the fulfillment of the agreement.
Solution: On the released product, set a price of $3.00. Add the vendor to the vendor account field on the Purchase fast tab.
Does the solution meet the goal?
  1. A
    Yes
  2. B
    No

Correct Answer:
B
References:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-agreements

Question #45
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question in this section, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are the purchasing manager at a manufacturing company that makes audio equipment.
You sign an agreement with a vendor to purchase 5,000 speaker cables, item C0001, at a discounted rate of $3.00 per cable. This agreement expires in exactly one year.
You need to set up pricing information and track the fulfillment of the agreement.
Solution: Create a purchase agreement for the vendor that specifies a product quantity commitment. Include the quantity, the price, and the expiration date.
Does the solution meet the goal?
  1. A
    Yes
  2. B
    No

Correct Answer:
A
References:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchase-agreements

Question #46
A distribution company wants to set up barcodes in their Dynamics 365 Supply Chain Management system for warehouse scanning.
Barcodes will be entered manually.
You need to minimize the risk of errors on barcode entry.
What should you do?
  1. A
    Create a new barcode, enter the value, select the type, and enter the mask.
  2. B
    Select an item, select the barcode type, select max length, and enter the value.
  3. C
    Select an item and set up security on the barcode field.
  4. D
    Create a new barcode, enter the value, select the type, and enter the size and max length.

Correct Answer:
B
chatbot-img GPT-4o - Answer
Upon reviewing the process outlined in the Microsoft documentation for setting up barcodes in Dynamics 365 Supply Chain Management, it's clear that both options B and D provide viable steps. However, option B distinctly focuses on minimizing errors through defining the barcode directly in relation to an item and specifying the barcode type and maximum length during setup. This targeted approach helps ensure consistency and reduces the possibility of data entry errors, making it a strong choice for the scenario described in the question. Option D is also technically correct but focuses more on barcode creation rather than direct item linkage and error minimization.

Question #47
DRAG DROP -
A company uses Dynamics 365 Supply Chain Management for purchasing and sales operations across three different sites.
The default order settings for products are configured as shown in the following table.

You need to determine which scenarios allow transactions.
Which transactions are allowed? To answer, drag the appropriate allowed options to the correct scenarios. Each allowed option may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.
NOTE: Each correct selection is worth one point.
Select and Place:


Correct Answer:

 Reference:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/production-control/default-order-settings

Question #48
A company sells jars of sliced or whole pickles. The company produces jars of various sizes.
You need to set up the item to ensure that pickles have a single item number for all container sizes.
What are two possible ways to achieve this goal? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
  1. A
    Setup the size, color, and style in each legal entity. Go to the products form, create a new product and assign it to each dimension.
  2. B
    Create a new product master with predefined variant configuration technology and release to the legal entities. Use the product dimensions to define the size, color, and style.
  3. C
    Create and release a product to the legal entities. Use the storage dimensions to define the size, color, and style.
  4. D
    Create a new product master with dimension-based configuration technology and release to the legal entities. Use the configuration to define the size, color, and style.

Correct Answer:
BD
Reference:
https://docs.microsoft.com/en-us/dynamics365/supply-chain/pim/product-identifiers

Question #49
A company manufactures street, mountain, and racing bicycles.
The company wants to use product variants to control bicycle configuration.
You need to configure the bicycles in the system.
What should you do?
  1. A
    Create mountain, street, and racing bicycles as separate configuration models.
  2. B
    Use one item number for all types of bicycles. Use a separate configuration number for each type of bicycle.
  3. C
    Use different item numbers for mountain, street, and racing bicycles.

Correct Answer:
A
chatbot-img GPT-4o - Answer
Excellent choice! When setting up bicycles with different configuration needs in Microsoft Dynamics 365, creating mountain, street, and racing bicycles as separate configuration models is the best approach. This method allows for distinct setup per bicycle type, accommodating unique components and assembly processes effectively within the system. Furthermore, product configuration models in Dynamics 365 enable the application of such models, facilitating the creation of multiple product variants from a single structured model, ensuring both efficiency and consistency in product management.

Question #50
A company implements the Dynamics 365 Supply Chain Management procurement module.
During testing, you observe that no transactions are posted to the product receipt journal when an item is received.
You need to configure the system to show the appropriate transactions in the product receipt journal.
Which two actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
  1. A
    On the Item group setup form, enter account information in the Purchase, accrual and Purchase expenditure, un-invoiced account fields.
  2. B
    On the Item model group setup form, select Include physical value.
  3. C
    On the Item group setup form, enter account information in the Purchase, accrual and Purchase expenditure for product fields.
  4. D
    On the Item model group setup form, select Accrue liability on product receipt.

Correct Answer:
AD
chatbot-img GPT-4o - Answer
The correct configuration for posting transactions in the product receipt journal involves two steps that address both account setup and how liabilities are recorded at the receipt of goods. Firstly, proper account information must be specified in the Purchase, accrual, and Purchase expenditure, un-invoiced account fields in the Item group setup. This ensures that financial postings related to procurement are captured accurately. Secondly, selecting the "Accrue liability on product receipt" option in the Item model group setup is crucial as this setting dictates that financial liability is recognized in the system at the point of receipt, not at the invoicing stage. This two-part configuration is essential for effectively tracking and managing procurement expenditures in Dynamics 365 Supply Chain Management.

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