MB6-700 Exam
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2021 Dec mb6-700 exam questions:
Q1. What is the purpose of the My Delegates feature?
A. to designate a linked worker in another legal entity
B. to designate multiple workers assigned to the same timesheet
C. to designate a worker who may approve a timesheet on a worker’s behalf
D. to designate a worker who may submit a timesheet on a worker’s behalf
Answer: D
Q2. Your company negotiates a project contract worth 120, 000 USD with a customer. To maintain an acceptable profit margin, the budget for the project is set at 85, 000 USD. The project manager wants to manage the project as three related subprojects, so you divide the total budget into 25, 000 USD, 40, 000 USD, and 20, 000 USD. When you create the root project, you create the original budget and submit the budget to workflow for approval. How should you manage the budgeting for the entire project hierarchy?
A. Manage the budgeting only at the subproject level in the project hierarchy.
B. Manage the budgeting as a single unit for the entire project hierarchy.
C. Manage the budgeting separately for each project type in the project hierarchy.
D. Manage the budgeting separately for each subproject in the project hierarchy.
Answer: B
Q3. Which two items are determined by the cost templates for advanced fixed-price projects?
(Each correct answer presents part of the solution. Choose two.)
A. the amount of hours that can be posted for advanced fixed-price projects
B. the amount of expenses that can be posted for advanced fixed-price projects
C. whether to calculate the degree of completion on the posted amount or quantity
D. the categories included in calculating the degree of completion
Answer: CD
Q4. You analyze the progress of a project. Which two groups of parameters should you configure prior to using the Hour utilization form? (Each correct answer presents part of the solution. Choose two.)
A. Budget overrun default
B. Budget control interval
C. Definition of billable rate
D. Definition of efficiency rate
Answer: CD
Q5. Changing the Project group item may also change which other project field?
A. Project stage
B. Project ID
C. Parent project
D. Project type
Answer: D
Abreast of the times mb6-700 exam questions:
Q6. You work with a fixed-price project. To which process do the completed contract and completed percentage assessment principles relate?
A. posting revenue
B. transferring costs from balance sheet to profit and loss accounts
C. posting costs
D. accumulating costs in balance sheet accounts
Answer: A
Q7. You set up project management and accounting. You need to represent the types of costs and revenues that are defined for all projects in your entire organization. Which item should you create to organize categories?
A. shared category
B. expense category
C. project category
D. category group
Answer: D
Q8. Which statement about funding sources is true?
A. A project contract must have one and only one funding source.
B. Funding sources must be created when the project contract is created and cannot be added later.
C. A project contract must have at least one funding source.
D. Funding sources can be created at any time during a project and will apply retroactively.
E. A project contract does not have to have a funding source.
Answer: C
Q9. You create an invoice proposal and use the Manage invoice form to manage the presentment of the invoice. Which two steps are required to group transactions with a subtotal on the invoice? (Each correct answer presents part of the solution. Choose two.)
A. Select the transactions to be included.
B. Create an invoice line summary.
C. Select the user-defined invoice format.
D. Enter text for the invoice header and footer.
E. Define the type of transactions to be included.
Answer: AB
Q10. You need to track the project costs in balance accounts until the customer is invoiced. Which type of project should you use?
A. fixed-price project with completed contract
B. fixed-price project with completed percentage and sales value
C. time and material project with work in process (WIP)
D. internal project with work in process (WIP)
E. time and material projects with accruals
Answer: C