📘 Free MB-700 Sample Questions
A company uses a legacy finance application that runs on a single SQL Server instance. The company plans to implement Dynamics 365 Finance. The following table describes the current implementation and design decisions for the new implementation:
A
Business logic
B
Users
C
User Interface
D
Reports
E
Data
Correct Answer:
B. Users
Explanation:
Reference:
https://docs.microsoft.com/en-us/office365/enterprise/add-several-users-at-the-same-time
An organization is planning a new Dynamics 365 Finance + Operations (on-premises) implementation.
The business process demands a huge volume of transactions to be imported during peak hours. Users can always access the system.
You need to do proper hardware sizing to ensure expected performance.
Which two factors should be considered for sizing? Each correct answer presents a complete solution.
NOTE: Each correct selection is worth one point.
A
user profile management
B
business process optimization
C
deadlock log evaluation
D
crash dump analysis
E
transaction characterization
Correct Answer:
B. business process optimization
HOTSPOT -
A United States-based company has a cloud-based Dynamics 365 Finance implementation. The company plans to open a new location in Mexico.
Electronic invoicing is mandated in Mexico.
You need to recommend a solution that meets Mexican localization reporting requirements.
What should you recommend? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
Hot Area:
A
Correct Answer:
A.
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/localizations/latam-mex-cfdi-electronic-invoices
A company uses Dynamics 365 Business Central.
The company identifies the following issues:
✑ Users report they cannot perform planning and dispatching of service orders or track bills of material in the system.
✑ The finance department says that licensing costs are higher than budgeted.
You need to recommend a solution to address the issues.
What should you recommend?
A
Use the Lifecycle Services business process modeler to create service order management and manufacturing tasks in the BPM Library.
B
Perform a fit-gap analysis. Implement service order management and manufacturing business processes and license changes.
C
Configure all users as Business Central Premium users.
D
Ensure that the service order management and manufacturing processes steps are documented in a flow chart.
E
Configure all users as Business Central Essentials users.
Correct Answer:
B. Perform a fit-gap analysis. Implement service order management and manufacturing business processes and license changes.
A holding company with three independently managed and operated subsidiaries is implementing Dynamics 365 Finance.
The company needs to ensure the restriction of data for each company from subsidiary counterparts.
You need to determine an organization structure.
Which structure should you recommend?
A
single legal entity with security policies
B
separate legal entities
C
single legal entity with custom business unit financial dimension
D
single entity that consolidates legal entities
E
single legal entity with default business unit financial dimension
Correct Answer:
B. separate legal entities
HOTSPOT -
A company is determining which reporting tools to use as part of a Dynamics 365 Finance implementation.
✑ Scenario A: Power users must use a free form tool to allow other power users to leverage transactional data to be consumed externally.
✑ Scenario B: Developers must use a modeling tool to allow all users to leverage aggregated data to be consumed internally.
✑ Scenario C: Developers must a free form tool to allow all users to leverage transactional and aggregated data to be consumed internally and externally.
✑ Scenario D: Power users must use a free form tool to allow all users to leverage aggregated data to be consumed internally and externally.
✑ Scenario E: Power users must use a modeling tool to allow other power users to leverage transactional data to be consumed externally.
You need to recommend which tool should be used for each scenario.
Which tool should you recommend? To answer, select the appropriate options in the answer area.
NOTE: Each correct selection is worth one point.
A
Correct Answer:
A.
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/analytics/create-nextgen-reporting-solutions
Note: This Question is part of a series of Questions that present the same scenario. Each Question in the series contains a unique solution that might meet the stated goals. Some Question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a Question in this section, you will NOT be able to return to it. As a result, these Questions will not appear in the review screen.
A company with multiple legal entities implements Dynamics 365 Finance.
You need to recommend options to ensure that you can provide customized financial reporting across the legal entities.
Solution: Create separate business units.
Does the solution meet the goal?
A
Yes
B
No
Correct Answer:
A. Yes
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/generating-consolidated-financial-statements
A company plans to implement Dynamics 365 Finance + Operations (on-premises).
The company has system compliance requirements that must be addressed.
You need to design the solution for the company.
What should you address in the design?
A
employee retirement
B
data privacy
C
fair labor standards
D
equal employment opportunity
Correct Answer:
B. data privacy
An organization is implementing Dynamics 365 Finance.
The organization uses financial reports including detailed balance information in local currencies for all accounts. Reports must include general ledger account number and journal entry line description.
You need to recommend a report that meets the requirements.
Which report should you recommend?
A
Detailed Trial Balance
B
Summary Trial Balance
C
Balance Sheet
D
Cash Flow
Correct Answer:
A. Detailed Trial Balance
Explanation:
Reference:
https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/trial-balance-financial-reports
Note: This Question is part of a series of Questions that present the same scenario. Each Question in the series contains a unique solution that might meet the stated goals. Some Question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a Question in this section, you will NOT be able to return to it. As a result, these Questions will not appear in the review screen.
A company with multiple legal entities implements Dynamics 365 Finance.
You need to recommend options to ensure that you can provide customized financial reporting across the legal entities.
Solution: Create separate cost centers to manage operations.
Does the solution meet the goal?
A
Yes
B
No
Correct Answer:
B. No
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