Nest 0 Cart
Nest Account
Popular Exams
All Categories...
Nest
Nest 0
Contact
Log In / Sign Up
Copyright 2024 © store. All rights reserved.
Home Microsoft MB-700

Microsoft MB-700 Exam Practice Questions (P. 1)

  • Full Access (310 questions)
  • Six months of Premium Access
  • Access to one million comments
  • Seamless ChatGPT Integration
  • Ability to download PDF files
  • Anki Flashcard files for revision
  • No Captcha & No AdSense
  • Advanced Exam Configuration
Get Contributor Access
Question #1
A company uses a legacy finance application that runs on a single SQL Server instance. The company plans to implement Dynamics 365 Finance. The following table describes the current implementation and design decisions for the new implementation:

You need to identify the gap in the migration plan.
Which requirement should you identify as a gap?
  1. A
    Business logic
  2. B
    Users
  3. C
    User Interface
  4. D
    Reports
  5. E
    Data

Correct Answer:
B
Reference:
https://docs.microsoft.com/en-us/office365/enterprise/add-several-users-at-the-same-time

Question #2
An organization is planning a new Dynamics 365 Finance + Operations (on-premises) implementation.
The business process demands a huge volume of transactions to be imported during peak hours. Users can always access the system.
You need to do proper hardware sizing to ensure expected performance.
Which two factors should be considered for sizing? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
  1. A
    user profile management
  2. B
    business process optimization
  3. C
    deadlock log evaluation
  4. D
    crash dump analysis
  5. E
    transaction characterization

Correct Answer:
BE
chatbot-img GPT-4o - Answer
For an effective Dynamics 365 Finance + Operations (on-premises) implementation, especially with high transaction volumes during peak hours, proper hardware sizing is paramount. The key factors to consider include business process optimization (B) and transaction characterization (E). Optimizing business processes involves refining them to ensure they are as efficient as possible, thereby reducing unnecessary load and potential bottlenecks. Transaction characterization pertains to understanding the specific types and volumes of transactions, which directly informs the required capacity and capabilities of the hardware to meet user demands smoothly. Both factors are crucial for maintaining system performance under peak transaction loads.

Question #3
HOTSPOT -
A United States-based company has a cloud-based Dynamics 365 Finance implementation. The company plans to open a new location in Mexico.
Electronic invoicing is mandated in Mexico.
You need to recommend a solution that meets Mexican localization reporting requirements.
What should you recommend? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:


Correct Answer:

 Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/localizations/latam-mex-cfdi-electronic-invoices

Question #4
A company uses Dynamics 365 Business Central.
The company identifies the following issues:
✑ Users report they cannot perform planning and dispatching of service orders or track bills of material in the system.
✑ The finance department says that licensing costs are higher than budgeted.
You need to recommend a solution to address the issues.
What should you recommend?
  1. A
    Use the Lifecycle Services business process modeler to create service order management and manufacturing tasks in the BPM Library.
  2. B
    Perform a fit-gap analysis. Implement service order management and manufacturing business processes and license changes.
  3. C
    Configure all users as Business Central Premium users.
  4. D
    Ensure that the service order management and manufacturing processes steps are documented in a flow chart.
  5. E
    Configure all users as Business Central Essentials users.

Correct Answer:
B
chatbot-img GPT-4o - Answer
In Business Central, to address both service order management issues and licensing concerns, a fit-gap analysis is indeed the best step. This allows for addressing gaps in existing functionalities and optimizes licensing costs by tailoring user access based on necessity rather than a blanket premium upgrade. Always ensure the recommended solutions take both functionality extensions and budget constraints into account for a comprehensive strategy.

Question #5
A holding company with three independently managed and operated subsidiaries is implementing Dynamics 365 Finance.
The company needs to ensure the restriction of data for each company from subsidiary counterparts.
You need to determine an organization structure.
Which structure should you recommend?
  1. A
    single legal entity with security policies
  2. B
    separate legal entities
  3. C
    single legal entity with custom business unit financial dimension
  4. D
    single entity that consolidates legal entities
  5. E
    single legal entity with default business unit financial dimension

Correct Answer:
B
chatbot-img GPT-4o - Answer
For a holding company overseeing independent subsidiaries, the ideal organization structure in Dynamics 365 Finance would clearly be implementing separate legal entities. This choice allows each subsidiary to manage its data and operations in a segregated manner, enhancing privacy and security while preventing unwarranted access between the subsidiaries. This recommended structure aligns with best practices and ensures effective management and clarity across distinct operational entities.

Question #6
HOTSPOT -
A company is determining which reporting tools to use as part of a Dynamics 365 Finance implementation.
✑ Scenario A: Power users must use a free form tool to allow other power users to leverage transactional data to be consumed externally.
✑ Scenario B: Developers must use a modeling tool to allow all users to leverage aggregated data to be consumed internally.
✑ Scenario C: Developers must a free form tool to allow all users to leverage transactional and aggregated data to be consumed internally and externally.
✑ Scenario D: Power users must use a free form tool to allow all users to leverage aggregated data to be consumed internally and externally.
✑ Scenario E: Power users must use a modeling tool to allow other power users to leverage transactional data to be consumed externally.
You need to recommend which tool should be used for each scenario.
Which tool should you recommend? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:


Correct Answer:

 Reference:
https://docs.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/analytics/create-nextgen-reporting-solutions

Question #7
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.
A company with multiple legal entities implements Dynamics 365 Finance.
You need to recommend options to ensure that you can provide customized financial reporting across the legal entities.
Solution: Create separate business units.
Does the solution meet the goal?
  1. A
    Yes
  2. B
    No

Correct Answer:
A
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/generating-consolidated-financial-statements

Question #8
A company plans to implement Dynamics 365 Finance + Operations (on-premises).
The company has system compliance requirements that must be addressed.
You need to design the solution for the company.
What should you address in the design?
  1. A
    employee retirement
  2. B
    data privacy
  3. C
    fair labor standards
  4. D
    equal employment opportunity

Correct Answer:
B
chatbot-img GPT-4o - Answer
Absolutely, when prepping a design for Dynamics 365 Finance + Operations, especially for on-premises implementations, addressing data privacy is key. This focus ensures that the system aligns with necessary compliance requirements pertinent to data management and protection. This factor is crucial since system compliance often revolves around how data is handled, accessed, and secured, aligning perfectly with this focus.

Question #9
An organization is implementing Dynamics 365 Finance.
The organization uses financial reports including detailed balance information in local currencies for all accounts. Reports must include general ledger account number and journal entry line description.
You need to recommend a report that meets the requirements.
Which report should you recommend?
  1. A
    Detailed Trial Balance
  2. B
    Summary Trial Balance
  3. C
    Balance Sheet
  4. D
    Cash Flow

Correct Answer:
A
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/trial-balance-financial-reports

Question #10
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.
A company with multiple legal entities implements Dynamics 365 Finance.
You need to recommend options to ensure that you can provide customized financial reporting across the legal entities.
Solution: Create separate cost centers to manage operations.
Does the solution meet the goal?
  1. A
    Yes
  2. B
    No

Correct Answer:
B
chatbot-img GPT-4o - Answer
The solution of creating separate cost centers would not effectively meet the goal of providing customized financial reports across multiple legal entities within Dynamics 365 Finance. Cost centers are indeed useful for internal management and operation control but do not inherently support consolidated financial reporting across different legal entities. Instead, configuring business units or leveraging advanced financial reporting tools would be more appropriate to achieve cross-entity custom reporting as they are designed for consolidation tasks specific to legal entities.

Next Questions

All Pages