Microsoft Certified: Dynamics 365 Fundamentals (ERP) - (MB-920) Exam Questions

The correct answer is: Discrete manufacturing.

This is used for products like chemicals or food, where the output can't be easily disassembled.

---

The incorrect answers are:

Lean manufacturing. This can use Just-in-Time manufacturing (JIT) principals. It is designed with speed, flow and efficiency in mind.

Process manufacturing. This is used for products like chemicals or food, where the output can't be easily disassembled.

Shop floor manufacturing. This refers to the physical area where production takes place—not a manufacturing type on its own.

The correct answer is: The Procure-to-pay process. It includes the following steps:

• Identify the need for items/services,

• Choose the supplier. This can include creating purchase requisitions and Request for quotations (RFQs).

• Create a purchase order and/or Agreement.

• Receive, check and approve the vendor invoice, which can include Matching invoices to purchase orders and items received, Finding any problems with invoices and Disputing any charges from vendors

• Pay for the items.

---

The incorrect answers are:

The Order-to-cash process. This involves sales orders and customer invoices, not purchase requisitions.

The purchase order creation process. This starts with creating the Purchase Order. Purchase requisitions and request for quotations occurs before this process begins.

Discrete manufacturing process. This is a process for creating products for components using a Bill of Quantities. You would already have the components before starting a manufacturing process.

The correct answer is: OneDrive for Business.

Although OneDrive files may be accessible via synced folders on your local machine, Dynamics 365 Finance does not offer OneDrive for Business as a native document management destination for attachments.

---

The incorrect choices are:

Your local hard drive. Dynamics 365 allows users to upload attachments directly from their local machine by default.

SharePoint and Azure Blob storage. These are both configurable as external document management destinations within Dynamics 365.

The correct answer is: A released product. The company can then sell or buy the product.

---

Incorrect answers are:

A product master. This is a concept of a product. It is not an actual product item.

A product variant. This is a version of a product master as a tangible item.

An agreement. Trade agreements can be made for customers. However, you do not need an agreement for a company to be able to sell it.

The correct answer is: It is a standard allowance paid when employees are travelling for work.

It is include hotel, meals and incidental expenses.

---

The incorrect answers are:

It is a requirement for receipts or justification for expenses above a certain amount. This is called a "policy rules".

It is the amount of value that a fixed asset goes down by over a period (for example, a year). This is called "depreciation".

It is the requirements that employees need for a particular job. These are job requirements.

The correct answer is: Locations.

Each location can only be in one zone.

---

The incorrect answers are:

Warehouses. Zones are contained in warehouses, not the other way round.

Sites. Warehouses are contained in sites.

Areas. This terminology is not used in Dynamics 365 Supply Chain Management.

The correct answers are:

• The sales tax group (assigned to the customer/vendor), and

• The item sales tax group (assigned to the item/service).

---

The incorrect answers are:

• Product Type - this is either Item or Service.

• Unit Price - while this would affect the amount of tax, it doesn't affect what sales tax code is used.

The correct answer is: It is a subset (part) of the Chart of Accounts based on segments.

For example, you can create a segment for Main Accounts which start with 1, 2 or 3.

---

The incorrect answers are:

It is another name for the Chart of Accounts. While you could have an Accounting Structure which includes the entirety of the Chart of Accounts, it is not a synonym for it.

It is another name for a Main Account. While you could have an Accounting Structure which only includes one Main Account, it is not a synonym for it.

It is a series of grouped tax codes. It is nothing to do with tax codes. You could have Main Accounts which includes transactions which use multiple tax codes.

The correct answers are:

Letters of guarantee allow you to be paid, if the customer does not pay. The bank guarantees payment to you if your customer fails to fulfill their payment obligation.

Letters of credit ensure your vendor will be paid as long as they meet the specified terms, and they are commonly used in international trade.

---

The incorrect answers are:

Letters of guarantee are typically used in international transactions. Letters of guarantee are more commonly used in domestic settings, particularly for construction and infrastructure projects.

Letters of credit can never be cancelled after they have been issued. Letters of credit can be either revocable or irrecovable. Revocable letters of credit can be cancelled.

The correct answer is: Recurrence.

You can use this to set batch jobs to reoccur every 1 or more minutes, hours, days, weeks, months or years.

---

The incorrect answers are:

Alert. You can set up alerts that can be sent if the batch job ends (succeeds), is cancelled, or results in an error.

Frequency and Repeat. These are not options.