MB-700 Practice Test

MB-700 Practice Test practice questions, page 2 of 14, with answer review and explanations.

Question 6

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. Hot Area:

Question 7

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?

  1. Yes
  2. No

Question 8

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?

  1. employee retirement
  2. data privacy
  3. fair labor standards
  4. equal employment opportunity

Question 9

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?

  1. Detailed Trial Balance
  2. Summary Trial Balance
  3. Balance Sheet
  4. Cash Flow

Question 10

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?

  1. Yes
  2. No