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Finance and Operations D365 81204AE

Description

81204AE: Configure and Manage Products and Inventory in Microsoft Dynamics 365 for Finance and Operations, Enterprise edition
Martha Pérez
Quiz by Martha Pérez, updated more than 1 year ago
Martha Pérez
Created by Martha Pérez over 6 years ago
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Resource summary

Question 1

Question
You are a purchasing agent. You have agreed on a purchase price with a supplier and create a purchase agreement. Which two tasks can you perform with the purchase agreement? Each correct answer presents part of the solution.
Answer
  • Create a release order when no commitment is defined for quantity of a product.
  • Create purchase agreement lines based on quality or weight.
  • Define a validity period for the purchase agreement.
  • Place purchase agreement on hold during the ordering process.

Question 2

Question
Item model groups allow users to define which of the following? (Select all that apply)
Answer
  • If an item is stocked or non-stocked
  • The costing method
  • What sites the item is available for sale in
  • The reservation type

Question 3

Question
Item groups can be used to associate items with the same posting profile together.
Answer
  • True
  • False

Question 4

Question
An item group must be specified on the item before the item can be used in transactions.
Answer
  • True
  • False

Question 5

Question
Which of the following options are valid to describe tracking dimensions? (Select all that apply)
Answer
  • Tracking dimensions are company specific
  • Items can have multiple tracking dimensions
  • It is possible to allow blank receipts and blank issues on storage dimension groups
  • The tracking dimensions can be unique for each warehouse

Question 6

Question
Serial number is a valid storage dimension group.
Answer
  • True
  • False

Question 7

Question
Product dimensions allow for the creation of different product variants based on configuration, color, size or style.
Answer
  • True
  • False

Question 8

Question
Select the following statements that are true. (Select all that apply)
Answer
  • The owner dimension is used for consignment inventory
  • The owner dimension is a storage group dimension
  • The owner dimension is used for subcontracting in production
  • The owner dimension can be used with the vendor portal

Question 9

Question
Released products contains the products available for a legal entity to transact upon, this list can be different across legal entities.
Answer
  • True
  • False

Question 10

Question
A Site is a grouping of business resources such as a warehouse and production units.
Answer
  • True
  • False

Question 11

Question
A single site can be shared by multiple legal entities.
Answer
  • True
  • False

Question 12

Question
What are the three types of warehouses? (select all that apply)
Answer
  • Transit
  • Quarantine
  • Storage
  • Default

Question 13

Question
A warehouse can be associated to many sites.
Answer
  • True
  • False

Question 14

Question
In the picking workbench profile, if the maximum orders field is left at zero, this assumes unlimited orders can be considered.
Answer
  • True
  • False

Question 15

Question
Which of the following parameters is used in the box definition setup to account for packing material that may be added?
Answer
  • Weight limit
  • Height
  • Depth
  • Maximum utilization

Question 16

Question
When setting up inventory journals, which options are available in the Reservation drop-down list? (Select all that apply)
Answer
  • Explosion
  • Manual
  • Automatic
  • On order

Question 17

Question
Offsetting general ledger accounts are selected in a movement journal.
Answer
  • True
  • False

Question 18

Question
Transfer journals should be used when in-transit inventory needs to be tracked.
Answer
  • True
  • False

Question 19

Question
What will be generated when a Bill of Material journal is posted? (Select all that apply)
Answer
  • An inventory receipt of the produced product
  • An inventory purchase request
  • An inventory issue of the used products
  • An inventory replacement request

Question 20

Question
Which of the following are true for counting journals? (Select all that apply)
Answer
  • Display the current on-hand for an item or groups of items.
  • Allow the user to post inventory counts and make the necessary adjustments to reconcile the inventory.
  • Allow the user to select the ledger account on each line to post the corrections to.

Question 21

Question
Which of the following does each warehouse item have? (Select all that apply)
Answer
  • Counting group
  • Inventory dimension
  • Inventory level
  • Transfer locations

Question 22

Question
What information must be registered on each tag in a tag count? (Select all that apply)
Answer
  • The tag number
  • The batch number
  • The item number
  • The item quantity

Question 23

Question
In what ways can inventory blocking be performed? (Select all that apply)
Answer
  • Periodic job
  • Manually
  • By creating a quality order
  • By using a process that generates a quality order

Question 24

Question
During inventory blocking, what items can be included in the blocking?
Answer
  • Inventory items on hand
  • Inventory items on order and on hand
  • Inventory items on hand and in transit
  • Inventory items within the system

Question 25

Question
Fill in the blank: If the Registration requirements flag on the Item model group for an item is marked then the product must be registered prior to ________.
Answer
  • Shipment
  • Invoicing
  • Arrival
  • Receipt

Question 26

Question
Which of the following do transfer orders provide? (Select all that apply)
Answer
  • The ability to transfer items across legal entities
  • The ability to specify a transport time for items
  • The ability to specify items that do not need to be received the same day as they are shipped
  • The ability to track item progress through the on-hand inventory for the transit warehouse

Question 27

Question
Fill in the Blank: Transfer orders are used to move items between warehouse within the same _________.
Answer
  • Legal entity
  • Site
  • Division
  • Geographical area

Question 28

Question
The Transfer orders form is used to process transfer orders that are manually created or to process orders that are created from firmed planned transfer orders generated by master scheduling.
Answer
  • True
  • False

Question 29

Question
A transit warehouse must be set up for the ‘To” warehouse.
Answer
  • True
  • False

Question 30

Question
Which of the following are ABC classification codes? (select all that apply)
Answer
  • Revenue
  • Inventory
  • Carry cost
  • Margin

Question 31

Question
You cannot manually update ABC classification codes. The ABC classification periodic job must be run for the items’ classification codes to be updated.
Answer
  • True
  • False

Question 32

Question
The Inventory aging report uses what algorithm to calculate how old inventory is?
Answer
  • FIFO
  • LIFO
  • FILO
  • LILO

Question 33

Question
The inventory close process is a process of settling issue transactions with receipt transactions based on an item’s inventory valuation method. Where is the inventory valuation selected?
Answer
  • Item group
  • Storage dimension group
  • Tracking dimension group
  • Item model group

Question 34

Question
An inventory recalculation will make adjustments but will not make settlements to inventory transactions.
Answer
  • True
  • False
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