MB-920 Describe the core capabilities of the finance and operations apps Practice Test 13 — 15 Questions

Question 1

A project manager in a consulting firm uses Dynamics 365 Project Operations. The manager needs to track employee time against specific project tasks and ensure that overtime is approved by the project lead. Which time entry methodology should be used?

Choose an answer to begin — your selection is scored in the full session.

Accepted Answer

Use the project time entry and approval workflow.. In Dynamics 365 Project Operations, tracking employee time against specific project tasks with overtime approval requires the project time entry and approval workflow. This methodology allows time entries to be submitted against project tasks, and the workflow can enforce approval rules, such as requiring project lead approval for overtime hours. The other options do not support task-level time tracking with overtime approval.

Answer

Use the absence registration feature.

Answer

Use the resource scheduling board to log time.

Answer

Use the expense report to record time.

Question 2

A warehouse manager notices that a purchase order receipt for 100 units of an item only updates the on-hand quantity by 80 units. The item is serial-controlled. The reception was recorded. What is the most likely reason for the discrepancy?

Accepted Answer

Not all serial numbers were registered during the receipt process.. When a purchase order receipt for 100 units of a serial-controlled item only updates on-hand quantity by 80, the most likely cause is that not all serial numbers were registered during the receipt process. In Dynamics 365 Supply Chain Management, serial-controlled items require each unit to have a unique serial number recorded at the time of receipt; if some serial numbers are missing or not scanned, the system only updates inventory for the registered serial numbers, leaving the receipt partially posted.

Answer

The product dimensions (e.g., color) were not specified.

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A quality order was created for the received items.

Answer

The items were partially reserved for a sales order.

Question 3

A company is implementing Dynamics 365 Supply Chain Management and wants to use AI-powered demand forecasting. The data scientist needs to include external factors like weather and economic indicators. Which feature should be enabled?

Accepted Answer

Demand Forecasting with Azure Machine Learning. Demand Forecasting with Azure Machine Learning is the specific feature in Dynamics 365 Supply Chain Management that allows data scientists to incorporate external factors such as weather and economic indicators into demand predictions. This feature leverages Azure Machine Learning to train custom models that can ingest external datasets alongside historical transaction data, enabling more accurate and context-aware forecasts.

Answer

Asset Management

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Inventory Visibility Add-in

Answer

Warehouse Management

Question 4

A production supervisor needs to quickly see the status of all production orders on the shop floor and prioritize work. Which Dynamics 365 Supply Chain Management tool provides a real-time visual overview?

Accepted Answer

Production order Gantt chart. The production order Gantt chart (Option D) provides a real-time visual overview of all production orders on the shop floor, displaying their status, start and end times, and dependencies. This allows the production supervisor to quickly assess the workload and prioritize tasks effectively, as it aggregates data from the production control module in Dynamics 365 Supply Chain Management.

Answer

Resource scheduling board

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Production order list page

Answer

Production floor execution interface

Question 5

A finance manager needs to create a journal entry to record the monthly depreciation of fixed assets. The company uses Dynamics 365 Finance. Which journal type should be used?

Accepted Answer

Fixed assets journal. The Fixed assets journal is specifically designed to record fixed asset transactions such as acquisitions, disposals, and depreciation. In Dynamics 365 Finance, this journal type automatically posts to the correct fixed asset ledger accounts and updates the asset's net book value, making it the appropriate choice for monthly depreciation entries.

Answer

Payment journal

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Inventory journal

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General journal

Question 6

A company uses Dynamics 365 Commerce and wants to implement a buy-online-pick-up-in-store (BOPIS) scenario. The inventory must be reserved in real-time when the customer places the order. Which configuration is required?

Accepted Answer

Enable real-time inventory reservation at the store warehouse.. Dynamics 365 Commerce requires the 'Enable real-time inventory reservation at the store warehouse' configuration to ensure that when a customer places a BOPIS order, the inventory is immediately reserved from the store’s warehouse. This setting triggers a real-time service call to the Commerce Scale Unit (CSU) to check and reserve stock, preventing overselling and ensuring the item is available for pickup.

Answer

Use the Inventory Visibility Add-in for external systems.

Answer

Configure the warehouse management process for the store.

Answer

Set up cross-docking for store replenishment.

Question 7

Which TWO capabilities are provided by the Dynamics 365 Finance and Operations asset management module? (Choose two.)

Accepted Answer

Preventive maintenance scheduling. The Dynamics 365 Finance and Operations asset management module is specifically designed to manage physical assets throughout their lifecycle. Preventive maintenance scheduling (B) allows organizations to define and automate maintenance plans based on time or usage triggers, reducing unplanned downtime. Work order management (C) provides a structured process to create, assign, track, and close work orders for maintenance tasks, ensuring efficient resource allocation and completion tracking.

Answer

Vendor collaboration portal

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Project cost accounting

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Sales order processing

Question 8

Which THREE steps are required to set up a production order for a make-to-order scenario? (Choose three.)

Accepted Answer

Define a bill of materials and route for the item.. A bill of materials (BOM) and route are mandatory for any production order in Dynamics 365 Supply Chain Management. The BOM defines the components and quantities required, while the route specifies the operations and work centers needed to produce the item. Without these, the system cannot calculate material requirements or schedule production steps.

Answer

Run demand forecasting to estimate quantity.

Answer

Create a purchase order for the finished good.

Question 9

Which TWO modules are part of Dynamics 365 Finance and Operations core capabilities? (Choose two.)

Accepted Answer

Accounts payable. Accounts payable is a core module within Dynamics 365 Finance and Operations that manages vendor invoices, payments, and expense reporting. It is tightly integrated with the General ledger to ensure accurate financial postings and compliance with accounting standards.

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Customer service

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Human resources

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Marketing

Question 10

You are configuring transfer order policies in Dynamics 365 Supply Chain Management. A transfer order from WH01 to WH03 shows an expected transit time of 5 days. However, the business requires that transfers between these warehouses take no more than 3 days. What should you modify?

Accepted Answer

Modify the existing rule for WH01 to WH03, setting AllowedTransitDays to 3.. In Dynamics 365 Supply Chain Management, transfer order policies use transit time rules to define allowed transit days between warehouses. The existing rule for WH01 to WH03 specifies a transit time of 5 days, but the business requires 3 days. Modifying the existing rule's AllowedTransitDays to 3 directly updates the transit time for that specific warehouse pair, ensuring compliance without creating conflicts or relying on defaults.

Answer

Remove the rule and rely on default transit days.

Answer

Add a new rule with higher priority for WH01 to WH03 with AllowedTransitDays: 3.

Answer

Change the Priority of the WH01 to WH03 rule to 1.

Question 11

A data analyst is configuring data entities for export to Azure Data Lake in Dynamics 365 Finance and Operations. The analyst needs to export fiscal calendar period data and customer payment journal headers. Based on the PowerShell exhibit, what action must be taken?

Accepted Answer

Enable the CustomerPaymentJournalHeader data entity.. The PowerShell exhibit shows that the CustomerPaymentJournalHeader data entity is currently disabled, while the FiscalCalendarPeriod data entity is already enabled. To export customer payment journal headers to Azure Data Lake, the CustomerPaymentJournalHeader entity must be enabled. Since the FiscalCalendarPeriod entity is already enabled, no action is needed for it. Therefore, the correct action is to enable the CustomerPaymentJournalHeader data entity.

Answer

Disable the VendorOpenTransactions data entity.

Answer

Enable the FiscalCalendarPeriod data entity.

Answer

Disable the GeneralJournalEntry data entity.

Question 12

You are the Dynamics 365 Finance and Operations administrator for a medium-sized manufacturing company. The company has two legal entities: a US entity (USMF) and a Canadian entity (CAN). The finance team in the US wants to view the Canadian entity's purchase order data in real-time from within the USMF environment. They do not want to log into a separate instance. The company has a single Dynamics 365 Finance and Operations environment with both legal entities configured. You need to configure the system to allow users in USMF to access purchase order data from CAN without duplicating data. The solution must maintain security so that only authorized users can view Canadian data. What should you do?

Accepted Answer

Configure Cross-company data sharing for purchase orders and assign appropriate security roles.. Cross-company data sharing allows real-time access to purchase order data from the CAN legal entity within the USMF environment without duplicating data. By configuring data sharing policies for the purchase order tables and assigning appropriate security roles, you ensure that only authorized users in USMF can view the Canadian data while maintaining data integrity and security.

Answer

Use Data entities to export purchase order data from CAN and import it into USMF on a scheduled basis.

Answer

Set up Data integration to sync purchase order data to Dataverse and then access it from USMF.

Answer

Create an Organizational hierarchy to allow USMF users to view CAN data automatically.

Question 13

A manufacturing company uses Dynamics 365 Finance and Operations. They need to configure a production flow that allows multiple products to be produced on the same production line with minimal changeover time. The production scheduler wants to automatically sequence production orders to reduce setup time. Which feature should the company configure?

Accepted Answer

Finite scheduling with sequencing constraints. Finite scheduling with sequencing constraints is the correct feature because it allows the system to automatically sequence production orders on a shared resource (e.g., a production line) based on setup time reduction rules. This minimizes changeover time by grouping similar products or optimizing the order of operations, which directly addresses the requirement for minimal changeover and automatic sequencing.

Answer

Material requirements planning (MRP)

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Gantt chart view in production floor control

Answer

Operations scheduling

Question 14

A retail company uses Dynamics 365 Commerce integrated with Finance and Operations. They want to ensure that inventory levels are updated in real-time when a sale is completed at the point of sale (POS). Which configuration should be enabled?

Accepted Answer

Use the Retail Server and channel data distribution with real-time service. Dynamics 365 Commerce uses the Retail Server and channel data distribution framework with real-time service to synchronize inventory changes instantly from the POS to the Finance and Operations back office. This ensures that inventory levels are updated in real-time when a sale is completed, leveraging the Commerce Data Exchange (CDX) real-time service for immediate data flow.

Answer

Schedule a recurring Data management framework job to import sales transactions

Answer

Enable the asynchronous service (Async Service) for inventory updates

Answer

Configure the Inventory update service in Commerce headquarters

Question 15

A company using Dynamics 365 Finance needs to track the financial impact of a specific project across multiple dimensions such as cost center, department, and location. Which feature should they use to ensure that all financial transactions are automatically tagged with these dimensions?

Accepted Answer

Advanced rule structures for financial dimensions. Advanced rule structures allow you to set up rules that automatically default financial dimension values based on conditions such as main account or cost center. This ensures that transactions are automatically tagged with the required dimensions like cost center, department, and location. Option A is incorrect because account structures with main account segments define valid combinations of main accounts and financial dimensions, but they do not automatically default dimension values. Option C is incorrect because budget control configuration is used to enforce budget limits, not to tag transactions with dimensions. Option D is incorrect because project contracts with funding sources define how projects are funded and billed, but do not automatically assign dimensions to transactions.

Answer

Account structures with main account segments

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Budget control configuration

Answer

Project contracts with funding sources