Microsoft MB-700 Exam Practice Questions (P. 4)

You are planning to implement Dynamics 365 Finance.
Accountants in your organization need to be able to enter multiple lines into payment journals.
You need to recommend a tool for expediting data entry.
What should you recommend?

A company produces automotive components. The company uses Microsoft Excel to track the quantity of parts on hand.
The company wants to automate processes to track inventory using Dynamics 365 Supply Chain Management.
You need to ensure that the company can track suppliers and determine when to purchase new inventory.
Which two features should you use? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

Fourth Coffee plans to implement Dynamics 365 Finance and Dynamics 365 Supply Chain Management.
The company owns and operates the following divisions:

You need to ensure that Fourth Coffee can report financial results by division.
What strategy should you recommend?

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 is planning to implement Dynamics 365 Supply Chain Management with three locations. Two locations must use United States currency (USD) as the default currency. The third location must use Canadian currency (CAD).
One US facility and the Canadian facility must use advanced warehouse functionality. The other US facility must use basic warehousing.
You need to configure the legal entity, site, and warehouse architecture to meet the requirements.
Solution: Create three legal entities, one for each facility.
Does the solution meet the goal?

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 is planning to implement Dynamics 365 Supply Chain Management with three locations. Two locations must use United States currency (USD) as the default currency. The third location must use Canadian currency (CAD).
One US facility and the Canadian facility must use advanced warehouse functionality. The other US facility must use basic warehousing.
You need to configure the legal entity, site, and warehouse architecture to meet the requirements.
Solution: Create two legal entities, one for advanced warehouse and one for basic warehouse.
Does the solution meet the goal?

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 is planning to implement Dynamics 365 Supply Chain Management with three locations. Two locations must use United States currency (USD) as the default currency. The third location must use Canadian currency (CAD).
One US facility and the Canadian facility must use advanced warehouse functionality. The other US facility must use basic warehousing.
You need to configure the legal entity, site, and warehouse architecture to meet the requirements.
Solution: Create two legal entities, one for the US facilities and one for the Canadian facility.
Does the solution meet the goal?

A company is upgrading their AX 2012 R3 environment to Dynamics 365 Finance. The company plans to upgrade the data store by using a phased approach.
You need to define the strategy to migrate master data and opening balances.
Which tool should you recommend?

A company uses an on-premises product management application that manages 200 products. Product information does not change frequently.
You need to synchronize data between the application and Dynamics 365 Supply Chain Management. Data in Dynamics 365 Supply Chain Management must update in near real time when changes are made in the application.
What should you recommend?

A company plans to implement Dynamics 365 Finance.
The company's current system contains sales tax-related data.
You need to design a solution that sequences the transfer of sales tax codes and sales tax groups from the current system to Dynamics 365 Finance.
What should you do?

A data architect creates a document that specifies the data format to transfer data from an existing environment to a new environment.
You need to create a requirement for the general ledger data.
Which sequence number format is correct?