PDF Topic 4

HOTSPOT - A company orders parts from a vendor. The vendor frequently ships more units than the company orders. An approving manager must receive notification when the quantity of units received is more than 10 percent above the number of units ordered. You have an existing notification workflow. You need to ensure that the notification is generated. How should you configure the system? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area:

Configure overdelivery/underdelivery percent:

• On the Purchase order form, purchase order lines fast tab, configure the overdelivery field

• On the Purchase order form, purchase order lines fast tab, configure the underdelivery field

• On the Sales order form, sales order line fast tab, configure the overdelivery field

• On the Sales order form, sales order line fast tab, configure the underdelivery field

Notify user about required approval:

• Register the product and post the receipt

• Register the product on the purchase order line and post a receipt

• Receive a product on a transfer order

• Register the product on an Arrival journal and post a journal

Configure overdelivery/underdelivery percent:

• On the Purchase order form, purchase order lines fast tab, configure the overdelivery field

Notify user about required approval:

• Register the product and post the receipt

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 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

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 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

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? Each correct answer presents a complete solution. NOTE: Each correct selection is worth one point.

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.

B. Create a sales order for the bicycle and add separate line items for the upgraded seat and handlebars.

C. Create a sales order for the bicycle. Modify the production order after it has been reported as finished to delete the standard seat and handlebars and add the upgraded 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 and D

HOTSPOT - A company implements Dynamics 365 Sales to manage sales prospects. A salesperson must create a customer record for a new client in Dynamics 365 Supply Chain Management. You need to create a sales order from an existing quote. What should you do? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area:

Define the customer:

• Create Customer from Lead

• Convert Lead to Customer

Generate the sales order:

• Confirm the quote

• Confirm the sales order

Define the customer:

• Convert Lead to Customer

Generate the sales order:

• Confirm the quote

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, B and E

HOTSPOT - A primary vendor tells you that their purchase order (PO) items will be delivered seven days later than expected. You find another vendor that carries the product and can deliver it the next day. You need the purchases from both vendors, but only one PO exists in the system. You need to ensure that the system correctly reflects the inbound products from both vendors. How should you complete the setup? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area:

Modify the original PO:

• Add a new PO line with the second vendor, item, and quantity

• Modify the expected receipt date to increase by seven days

• Modify the receipts list to change the expected receipt date

Create a new PO:

• Add the primary vendor with a document handling note to send the PO to the new vendor and then add the item

• Add the primary vendor, create a case to link the new vendor, and add the item

• Add the new vendor and the item

• Add the primary vendor and the item. Change the vendor upon receipt

Modify the original PO:

• Modify the expected receipt date to increase by seven days

Create a new PO:

• Add the new vendor and the item

HOTSPOT - A company has several vendors who require 1099s. You need to set up the vendors so that year-end reports can be correctly generated. What should you do? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area:

Set up vendors:

• Select Report 1099, enter the tax ID, and select the tax ID type

• Clear Report 1099, enter the tax ID, and select the tax ID type

• Select Report 1099. Use the vendor ID as the tax ID type

• Clear Report 1099. Do not enter a value for the tax ID type

Add or edit 1099 accounts:

• Edit invoice lines, edit settlement, and add manual 1099 transactions

• Edit settlement, add manual 1099 transactions, and edit sales order lines

• Edit item transactions, edit purchase order lines, and edit invoice lines

• Edit item transactions, edit settlement, and add manual 1099 transactions

Set up vendors:

• Select Report 1099, enter the tax ID, and select the tax ID type

Add or edit 1099 accounts:

• Edit settlement, add manual 1099 transactions, and edit sales order lines

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

E. Create a return of type Physical Return

D. Set the delivery address to the customer's address in the return order

B. Set the deadline date according to the company policy

HOTSPOT - A company plans to use Dynamics 365 Supply Chain Management to automatically calculate and process royalties. You need to configure the system. Which actions should you perform? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area:

Ensure that users can view the royalty amount on the sales order price details page:

• Select the Enable price details parameter in the accounts receivable

• Save the contract

• Calculate the royalty

• Create an invoice for the royalty amount

Create a royalty claim:

• Create an invoice

• Pick an order

• Create a pack slip for an order

• Confirm an order

Reverse a royalty accrual:

• Process a royalty claim

• Save a royalty contract

• Cumulate a royalty claim

• Configure a royalty claim

Set up items that require royalty payments to use a royalty code:

• Create a royalty contract

• Create a royalty code group

• Create a royalty term

• Create a royalty item

Ensure that users can view the royalty amount on the sales order price details page:

• Select the Enable price details parameter in the accounts receivable

Create a royalty claim:

• Confirm an order

Revers a royalty accrual:

• Configure a royalty claim

Set up items that require royalty payments to use a royalty code:

• Create a royalty contract

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

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 and D

DRAG DROP - A company wants to expand their purchasing power by enhancing their current procurement catalog in Dynamics 365 Supply Chain Management. The company wants to redirect to external websites to help build their purchase requisitions. You need to set up an external catalog. Which three 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:

Actions:

• Configure the vendor for catalog import

• Activate the catalog

• Create and configure a new external catalog

• Create a new procurement catalog

• Publish the catalog

• Set up and verify procurement category associations to the vendor

1) Set up and verify procurement category associations to the vendor

2) Create and configure a new external catalog

3) Activate the catalog

DRAG DROP - A company uses Dynamics 365 Supply Chain Management. You must implement commission groups to match commission rates to products. You need to configure commission tracking. Which three 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. NOTE: More than one order of answer choices is correct. You will receive credit for any of the correct orders you select. Select and Place:

Actions:

• Set up commission posting

• Register sales commissions

• Set up commission groups and rates

• Assign a sales representative

• Assign a commission group to a product

1) Set up commission groups and rates

2) Assign a commission group to a product

3) Set up commission posting

HOTSPOT - A company hires four sales representatives for a region named Midwest. You must configure commission calculations for the sales representatives in the Midwest region. The calculations must meet the following requirements:

✑ Calculate commissions for all items sold to customers at a rate of 10 percent of total revenue earned on a sales order.

✑ Apply commissions for all customers in the Midwest Customer group for commission.

✑ Split commissions equally between the representatives.

You need to configure a commission calculation that meets these requirements. How should you configure the calculation? To answer, select the appropriate options in the answer area. NOTE: Each correct selection is worth one point. Hot Area:

Item code:

• All

• Table

• Group

Customer code:

• All

• Table

• Group

Sales rep. code:

• All

• Table

• Group

Commission based on:

• Margin

• Revenue

• Commission share

Commission percentage:

• 2%

• 10%

• 25%

Item code:

• All

Customer code:

• Group

Sales rep. code:

• Group

Commission based on:

• Revenue

Commission percentage:

• 10%

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 and C

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 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

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 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

B

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 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

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 and D

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

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

DRAG DROP - A client uses Dynamics 365 Supply Chain Management to manage prospects and the sales cycle. A sales representative needs to create a sales quotation for a current prospect and validate that the 40 percent margin requirements are being met.

You need to create the sales quotation, verify the margin requirements, and send the quotation to the prospect.

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:

• Add lines to the sales quotation

• Use the price simulation tool

• Create a sales order for the prospect

• Send the quotation

• Create a sales quotation for the prospect

• Use the order events function

1) Create a sales quotation for the prospect

2) Add lines to the sales quotation

3) Use the price simulation tool

4) Send the quotation

DRAG DROP - A company uses procurement in Dynamics 365 Supply Chain Management. You need to select the correct system functionalities to meet the company's requirements. Which system functionalities should you select? To answer, drag the appropriate system functionalities to the correct business requirements. Each system functionality 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:

System functionalities:

• External catalog

• Vendor catalog

• Procurement catalog

• Catalog policy rule

Business requirement:

• View a vendors website to select items and bring the item information and pricing into the system on a purchase requisition

• Import a vendors catalog into the system with their item information

• Create a catalog of items and assign them to specific business units

• Associate specific catalogs to specific legal entities in the system

View a vendors website to select items and bring the item information and pricing into the system on a purchase requisition

• External catalog

Import a vendors catalog into the system with their item information

• Vendor catalog

Create a catalog of items and assign them to specific business units

• Procurement catalog

Associate specific catalogs to specific legal entities in the system

• Catalog policy rule

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 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

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

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 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

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 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

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 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

A

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 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

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 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

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 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

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 and D

HOTSPOT - A company is implementing purchase requisition features in Dynamics 365 Supply Chain Management. You need to congure 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 vendors website and use the selection to create a purchase requisition line with correct pricing:

• Select Add lines on the purchase requisition line entry

• Select External catalogs on the purchase requisition line entry

• Select Suggest vendors on the purchase requisition line menu

Allow specific employees to view a list of requestors:

• Configure purchase requisition permissions

• Configure purchasing policies

• Configure purchase requisition expenditure reviewers

• Configure buying groups

Allow the selection of items from a vendors website and use the selection 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

DRAG DROP - A company plans to create purchase agreements in the system for specific vendors. You need to select the correct purchase agreement types for each vendor. Which purchase agreement types should you use? To answer, drag the appropriate purchase agreement types to the correct scenarios. Each purchase agreement type 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:

Purchase agreement types:

• Product quantity commitment

• Value commitment

• Product category value commitment

• Product value commitment

Scenario:

• Purchase 600 units of product 36001 from a vendor

• Purchase 14000 dollar of goods from a vendor

• Purchase 5000 dollar of office supplies from a vendor

• Purchase 4500 dollar of product 4234 from a vendor

Purchase 600 units of product 36001 from a vendor

• Product quantity commitment

Purchase 14000 dollar of goods from a vendor

• Value commitment

Purchase 5000 dollar of office supplies from a vendor

• Product category value commitment

Purchase 4500 dollar of product 4234 from a vendor

• Product value commitment

DRAG DROP - You are helping a company implement Dynamics 365 Supply Chain Management. You need to implement disposition codes for sales return orders. Which disposition codes should you use? To answer, drag the appropriate disposition codes to the correct scenarios. Each disposition code 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:

Disposition codes:

• Credit

• Credit only

• Replace and scrap

• Return to customer

Scenario:

• The customer is credited but keeps the item

• The customer returns the item and is credited

• The item is returned and scrapped and a new item is sent back

• The item is returned, inspected, and sent back after inspection

The customer is credited but keeps the item

• Credit only

The customer returns the item and is credited

• Credit

The item is returned and scrapped and a new item is sent back

• Replace and scrap

The item is returned, inspected, and sent back after inspection

• Return to customer

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 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

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, B and D

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 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

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 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

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 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

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

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 confiure 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

• Activate intercompany and select the corresponding company and My customer account

• Specify the vendor in the Vendor field on the Customer Record

• Link the customer to the vendor in the Global Address book

Products:

• Release products to both companies

• Release products to one company

• Release two different products, one to each company

• Create one product that will auto-release when orders are created

Customer:

• Activate intercompany and select the corresponding company and My vendor account

Products:

• Release products to both companies

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:

• Accounts payable and Inventory

• Accrual and Expense

• Accounts receivable and Inventory

• Accounts payable and Expense

Create royalty claims at the time of sales orders:

• Open

• Invoiced

• Shipped

• Picked

Complete the claim:

• Post the Royalty accrual journal and create and post the vendor invoice

• Post the General journal and create and post the vendor invoice

• Post the General journal and post the Accounts payable journal

• Post the Royalty accrual journal and post the Accounts payable journal

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

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:

Actions:

• Create a consignment replenishment order

• Transfer material from the vendor warehouse to your company warehouse

• Post the vendor invoice

• Create and post an inventory ownership change journal entry

• Generate a consignment replenishment order product receipt

• Confirm the order

1) Create a consignment replenishment order

2) Transfer material from the vendor warehouse to your company warehouse

3) Generate a consignment replenishment order product receipt

4) Create and post an inventory ownership change journal entry

DRAG DROP - A company plans to make changes to change management processes for purchase orders. Currently, the system requires an approval for any change. The company wants to implement re-approval only when there is a change to the quantity or the unit price in a purchase order. You need to configure the change management process to require re-approval only on changes to quantity and unit price. In which order should you perform the actions? To answer, move all actions from the list of actions to the answer area and arrange them in the correct order. Select and Place:

Actions:

• Select re-evaluation fields (quantity and price) and add to the policy-rule

• Create a new purchasing policy or edit an existing one

• Select re-approval rule for purchase orders policy and create a new policy rule

1) Create a new purchasing policy or edit an existing one

2) Select re-approval rule for purchase orders policy and create a new policy rule

3) Select re-evaluation fields (quantity and price) and add to the policy-rule

DRAG DROP - A company distributes products. The company produces some of the products it distributes. The company needs to move from manual to automatic inventory reservations. You need to set up automatic reservations. Which parameters should you select? To answer, drag the appropriate parameters to the correct reservation policies. Each parameter 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.

Parameter types:

• Item Model Group

• Inventory and Warehouse Management

• Production

Reservation policy:

• Reserve item automatically for sales

• Reserve item automatically for transfers

• Reserve items when work is scheduled

Reserve item automatically for sales

• Item Model Group

Reserve item automatically for transfers

• Inventory and Warehouse Management

Reserve items when work is scheduled

• Production

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 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

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 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

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 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

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

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

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