MB-920 Describe Dynamics 365 Finance Practice Question
An organization uses Dynamics 365 Finance for project accounting. They need to bill a customer for a fixed-price project based on a milestone schedule. Which billing method should be used?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Fixed-price milestone
Time and material bills actual hours. Fixed-price milestone bills based on predefined milestones. Progress billing is for percentage complete. Cost plus bill is for cost plus contracts.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Cost plus
Why it's wrong here
Bills cost plus fee, not fixed price.
- ✗
Progress billing
Why it's wrong here
Bills based on percentage of completion, not specific milestones.
- ✓
Fixed-price milestone
Why this is correct
Allows billing based on predefined milestones for fixed-price projects.
- ✗
Time and material
Why it's wrong here
Bills based on actual hours and expenses, not milestones.
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This MB-920 practice question is part of Courseiva's free Microsoft certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the MB-920 exam.