Martha Pérez
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81204AE: Configure and Manage Products and Inventory in Microsoft Dynamics 365 for Finance and Operations, Enterprise edition

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Martha Pérez
Created by Martha Pérez over 6 years ago
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Finance and Operations D365 81204AE

Question 1 of 34

1

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.

Select one or more of the following:

  • 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.

Explanation

Question 2 of 34

1

Item model groups allow users to define which of the following? (Select all that apply)

Select one or more of the following:

  • If an item is stocked or non-stocked

  • The costing method

  • What sites the item is available for sale in

  • The reservation type

Explanation

Question 3 of 34

1

Item groups can be used to associate items with the same posting profile together.

Select one of the following:

  • True
  • False

Explanation

Question 4 of 34

1

An item group must be specified on the item before the item can be used in transactions.

Select one of the following:

  • True
  • False

Explanation

Question 5 of 34

1

Which of the following options are valid to describe tracking dimensions? (Select all that apply)

Select one or more of the following:

  • 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

Explanation

Question 6 of 34

1

Serial number is a valid storage dimension group.

Select one of the following:

  • True
  • False

Explanation

Question 7 of 34

1

Product dimensions allow for the creation of different product variants based on configuration, color, size or style.

Select one of the following:

  • True
  • False

Explanation

Question 8 of 34

1

Select the following statements that are true. (Select all that apply)

Select one or more of the following:

  • 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

Explanation

Question 9 of 34

1

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

Select one of the following:

  • True
  • False

Explanation

Question 10 of 34

1

A Site is a grouping of business resources such as a warehouse and production units.

Select one of the following:

  • True
  • False

Explanation

Question 11 of 34

1

A single site can be shared by multiple legal entities.

Select one of the following:

  • True
  • False

Explanation

Question 12 of 34

1

What are the three types of warehouses? (select all that apply)

Select one or more of the following:

  • Transit

  • Quarantine

  • Storage

  • Default

Explanation

Question 13 of 34

1

A warehouse can be associated to many sites.

Select one of the following:

  • True
  • False

Explanation

Question 14 of 34

1

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

Select one of the following:

  • True
  • False

Explanation

Question 15 of 34

1

Which of the following parameters is used in the box definition setup to account for packing material that may be added?

Select one of the following:

  • Weight limit

  • Height

  • Depth

  • Maximum utilization

Explanation

Question 16 of 34

1

When setting up inventory journals, which options are available in the Reservation drop-down list? (Select all that apply)

Select one or more of the following:

  • Explosion

  • Manual

  • Automatic

  • On order

Explanation

Question 17 of 34

1

Offsetting general ledger accounts are selected in a movement journal.

Select one of the following:

  • True
  • False

Explanation

Question 18 of 34

1

Transfer journals should be used when in-transit inventory needs to be tracked.

Select one of the following:

  • True
  • False

Explanation

Question 19 of 34

1

What will be generated when a Bill of Material journal is posted? (Select all that apply)

Select one or more of the following:

  • An inventory receipt of the produced product

  • An inventory purchase request

  • An inventory issue of the used products

  • An inventory replacement request

Explanation

Question 20 of 34

1

Which of the following are true for counting journals? (Select all that apply)

Select one or more of the following:

  • 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.

Explanation

Question 21 of 34

1

Which of the following does each warehouse item have? (Select all that apply)

Select one or more of the following:

  • Counting group

  • Inventory dimension

  • Inventory level

  • Transfer locations

Explanation

Question 22 of 34

1

What information must be registered on each tag in a tag count? (Select all that apply)

Select one or more of the following:

  • The tag number

  • The batch number

  • The item number

  • The item quantity

Explanation

Question 23 of 34

1

In what ways can inventory blocking be performed? (Select all that apply)

Select one or more of the following:

  • Periodic job

  • Manually

  • By creating a quality order

  • By using a process that generates a quality order

Explanation

Question 24 of 34

1

During inventory blocking, what items can be included in the blocking?

Select one of the following:

  • Inventory items on hand

  • Inventory items on order and on hand

  • Inventory items on hand and in transit

  • Inventory items within the system

Explanation

Question 25 of 34

1

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 ________.

Select one of the following:

  • Shipment

  • Invoicing

  • Arrival

  • Receipt

Explanation

Question 26 of 34

1

Which of the following do transfer orders provide? (Select all that apply)

Select one or more of the following:

  • 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

Explanation

Question 27 of 34

1

Fill in the Blank: Transfer orders are used to move items between warehouse within the same _________.

Select one of the following:

  • Legal entity

  • Site

  • Division

  • Geographical area

Explanation

Question 28 of 34

1

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.

Select one of the following:

  • True
  • False

Explanation

Question 29 of 34

1

A transit warehouse must be set up for the ‘To” warehouse.

Select one of the following:

  • True
  • False

Explanation

Question 30 of 34

1

Which of the following are ABC classification codes? (select all that apply)

Select one or more of the following:

  • Revenue

  • Inventory

  • Carry cost

  • Margin

Explanation

Question 31 of 34

1

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

Select one of the following:

  • True
  • False

Explanation

Question 32 of 34

1

The Inventory aging report uses what algorithm to calculate how old inventory is?

Select one of the following:

  • FIFO

  • LIFO

  • FILO

  • LILO

Explanation

Question 33 of 34

1

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?

Select one of the following:

  • Item group

  • Storage dimension group

  • Tracking dimension group

  • Item model group

Explanation

Question 34 of 34

1

An inventory recalculation will make adjustments but will not make settlements to inventory transactions.

Select one of the following:

  • True
  • False

Explanation

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