MB6-700 Exam
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2021 Dec mb6-700 microsoft dynamics ax 2012 r2 project:
Q41. Which two statements about project hierarchies are true? (Each correct answer presents part of the solution. Choose two.)
A. Only the parent project can be used for invoicing.
B. Subprojects must be configured with the same project type.
C. Subprojects must be configured to represent different project phases.
D. Subprojects can be used to process special accounting requirements.
Answer: AD
Q42. You need to ensure that a project is invoiced according to a billing schedule based on the project contract. Which project type should you apply?
A. fixed-price
B. internal
C. time and material
D. investment
Answer: A
Q43. Which three fields are specified when configuring a project contract? (Each correct answerpresents part of the solution. Choose three.)
A. Invoice frequency
B. Line property
C. Project type
D. Sales currency
E. Sales tax group
Answer: ADE
Q44. Which statement for both the cost and the time project types is true?
A. Both allow registering hour transactions.
B. Both allow capitalizing on balance sheet accounts.
C. Both allow registering expense transactions.
D. Both allow posting hour transactions on profit and loss accounts.
Answer: A
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Q45. Which three items are valid project types? (Each correct answer presents part of the solution. Choose three.)
A. Investment
B. Profit and loss
C. Time
D. Time and material
E. Quotation
Answer: ABE
8. Which journalizing option is used only for time tracking?
A. No ledger
B. Profit and loss
C. Never ledger
D. Balance
Answer: A
Q46. You create a project purchase order with both pay-when-paid (PWP) and customer retention terms enabled. The PWP threshold percentage is defined as 70% for the vendor. The customer retention term, each time the customer is invoiced, is 25% of the invoice amount. You invoice the customer for 90, 000 USD. What is the minimum amount that you need to receive from the customer so that you can pay the vendor?
A. 22, 500 USD
B. 67, 500 USD
C. 63, 000 USD
D. 40, 500 USD
Answer: B
Q47. You assign resources to a project.
You need to define the scheduling requirements for the project.
Which three actions are scheduling requirements? (Each correct answer presents part of the solution. Choose three.)
A. Setting up the calendar to use for the workers on the project
B. Specifying the estimated hourly rate for the workers on the project
C. Specifying the type of calendar for the project
D. Setting the start date and end date of the project
E. Specifying the estimated number of worker hours required to complete the project
Answer: ACE
Explanation: Before you can use the resource scheduling feature and assign workers to projects, the following prerequisites must be met:
*The Project III license code must be enabled.
*Project parameters must be set up to define the minimum thresholds for how closely aworker’s skills and availability should match the requirements for a project or activity. Thismust be done before the worker can be included in search results.
*(A) A worker must be assigned a calendar so that the worker’s weekly capacity in hourscan be specified.
To assign a calendar to a worker, use the following procedure.
1. Click Human resources > Common > Workers > Workers.
2. Select a worker, and then, on the Action Pane, in the Maintain group, click Edit.
3. In the Workerform, click the Employment link, and then, in the Calendar field, select a calendar.
*(E) Before scheduling can occur, the scheduling calendar and the total work effort (in hours) for the project or activity must be specified.
*The worker’s education, skills, certifications, project experience, and other attributes must be specified.
Reference: Microsoft Dynamics AX 2012 R2 resource scheduling for projects, White Paper, Resource scheduling prerequisites
Q48. Why would you create an estimate?
A. To set a project's budget
B. To create an hours forecast
C. To define the forecast model
D. To monitor a project's progress
Answer: D