Microsoft Dynamics 365 Commerce Functional Consultant (MB-340) Sample Questions

The technical task-compliance skills of candidates were assessed by the Microsoft Dynamics 365 Commerce Functional Consultant MB-340 exam:

• The head office for Dynamics 365 Commerce is being set up.
• Setting up products, prices, deals, incentives, and links
• Setting up and operating call centres to manage online sales for Dynamics 365 Commerce Point of Sale (POS) Management.

The article provides a list of Microsoft Dynamics 365 Commerce Functional Consultant (MB-340) Sample Questions that cover core exam topics including –

• Domain 1 – Understand Configure Dynamics 365 Commerce Headquarters (25–30%)
• Domain 2 – Explain Configure products, prices, discounts, loyalty, and affiliations (25– 30%)
• Domain 3 – Understand to Manage Point of Sale (POS) in Dynamics 365 Commerce (15–20%)
• Domain 4 – Configure and Manage Dynamics 365 Commerce call centers (10–15%)
• Domain 5 – Manage e-commerce (15–20%)

Q1)Microsoft Dynamics 365 Finance was recently implemented by an organisation. Your position as a systems administrator has been hired. The management of the Dynamics 365 system will fall within your purview. The business has numerous departments. Allocations for the departments must be set up. The following criteria must be met by the company for the allocations:There should be either fixed or variable allocations. Automatically generated allocation journal items must be checked before posting. The system must be configured to satisfy the specifications. What settings should you make?

• A. Transfer balance
• B. Allocation terms
• C. Ledger settlements
• D. Ledger allocation rules

Correct Answer: D

Q2)The management of the Microsoft Dynamics 365 Finance system at your firm is a part of your responsibility as a systems administrator. Posting definitions and profiles need to be set up. You must decide whether a posting definition or posting profile should be configured based on the situation. Out of the following assertions, which two are true? (Select two.)

• A. When you need to enable pre-encumbrance accounting for buy requisitions and encumbrance accounting for purchase orders, you should use posting definitions.
• B. When you need to enable pre-encumbrance accounting for buy requisitions and encumbrance accounting for purchase orders, you should use posting profiles.
• C. When you need to create several, balanced ledger entries base on characteristics like transaction types and accounts, posting definitions should be use.
• D. When only one offset ledger entry is require, posting definitions should be use.

Correct Answer: A and C

Q3)Microsoft Dynamics 365 Finance was recently implement by an organisation. Your position as a systems administrator has been hire. The management of the Dynamics 365 Finance system will fall under your purview. Fiscal calendars must be set up in order to be use with budget cycles, financial transactions, and fix asset depreciation. Out of the following assertions, which two are true? (Select two)

• A. A fiscal calendar may include more than one fiscal year.
• B. A fiscal calendar may not be longer than one year.
• C. Various legal entities may share the same fiscal calendar.
• D. Several fiscal calendars can be present in the same fiscal quarter.

Correct Answer: A and C

Q4)The management of the Microsoft Dynamics 365 Finance system at your firm is a part of your responsibility as a systems administrator. The business has numerous departments. The business invests a sizable sum of money in marketing initiatives every year. In order to distribute the marketing costs among the corporate divisions, you must create allocation rules. According to each department’s sales as a percentage of the overall departmental sales, the marketing expenses must be distribute. What allocation technique ought to be apply in the allocation rule?

• A. Basis
• B. Fixed percentage
• C. Fixed weight
• D. Equally

Correct Answer: A

Q5)Microsoft Dynamics 365 Finance was recently implement by an organisation. Your appointment as a functional consultant has been made. You will be responsible for overseeing the Dynamics 365 Finance system and educating the Accounts team members. You are delivering training on the Dynamics 365 Finance system’s cost accounting module. The allocation base is describe by which of the following?

• A. Firstly, utilized to calculate and quantify activities, such as the number of hours spent using a machine, the number of kilowatt hours used, or the amount of space used.
• B. Secondly, it regulates procedures and rules for cost measurement and is define by the calendar, the currency, and the cost element dimension.
• C. Used as a tool for tracking and classifying expenditures.
• D. Further, groups costs into several categories based on how they behave when major company operations change.

Correct Answer: A

Q6)Microsoft Dynamics 365 Finance was recently implement by an organisation. Your appointment as a functional consultant has been made. You will be responsible for overseeing the Dynamics 365 Finance system and educating the Accounts team members. You are delivering training on the Dynamics 365 Finance system’s cost accounting module. That which best describes a cost factor is the one that follows.

• A. The outcome of transferring information from general ledger entries, cost allocations, and posted cost entries in cost journals via data connections.
• B. Applied as a feature to track and classify expenditures.
• C. Groups costs into several categories based on how they behave when major company operations change.
• D. Employed to apply a pertinent allocation base to disperse costs from one cost item to one or more other cost objects.

Correct Answer: B

Q7)Microsoft Dynamics 365 Finance was recently implement by an organisation. Your appointment as a functional consultant has been made. You will be responsible for overseeing the Dynamics 365 Finance system and educating the Accounts team members. You are delivering training on the Dynamics 365 Finance system’s cost accounting module. Which one of the following best sums up a cost entry?

• A. Firstly, employed to apply a pertinent allocation base to disperse costs from one cost item to one or more other cost objects.
• B. Next, used to apply an allocation base to transfer the remaining balance of one cost object to other cost objects.
• C. Is an illustration of the cost structure. The hierarchy of cost flows between cost object dimensions and their corresponding cost objects is determine by the structure.
• D. Further, the outcome of a transfer via data connectors from cost allocations, posted cost entries, and general ledger entries.

Correct Answer: D

Q8)The management of the Microsoft Dynamics 365 Finance system at your firm is a part of your responsibility as a systems administrator. Users claim that financial reports’ findings are inaccurate. You find that when users write journal entries, they use incorrect main account and dimension combinations, which is the cause of the inconsistencies. To avoid main account and dimension combinations that are invalid, you must declare which financial dimensions are valid for which main accounts. What settings should you make in MB-340?

• A. Ledger allocation rules
• B. Financial dimension sets
• C. Account structure
• D. Cost classifications

Correct Answer: C

Q9)The management of the Microsoft Dynamics 365 Finance system at your firm is a part of your responsibility as a systems administrator. Setting up posting definitions is required. You must decide which transaction types posting definitions can be configured for. Which of the following cannot have posting definitions configured in MB-340?

• A. Fixed assets
• B. Accounts payable
• C. Payroll
• D. Accounts receivable
• E. Budget

Correct Answer: A

Q10)Microsoft Dynamics 365 Finance was recently implemented by an organisation. Your position as a systems administrator has been hired. The management of the Dynamics 365 system will fall within your purview. Dynamics 365 Finance requires that you configure the sales tax feature. You have set up the ledger posting groups for sales tax and the primary accounts. Which of the subsequent steps should you take next in MB-340?

• A. Firstly, set up sales tax reporting codes.
• B. Set up sales tax authorities.
• C. Next, set up sales tax codes.
• D. Set up sales tax groups.

Correct Answer: B

Q11)Microsoft Dynamics 365 Finance was recently implemented by an organisation. Your position as a systems administrator has been hired. The management of the Dynamics 365 system will fall within your purview. The account structure has to be configured. Make sure that blank values are permitted for the Business Unit dimension. Which values from the list below should you add to the business unit dimension in MB-340?

• A. * (asterisk)
• B. ” ” (two quotation marks)
• C. ANY
• D. Blank

Correct Answer: B

Q12)Microsoft Dynamics 365 Finance was recently implemented by an organisation. Your position as a systems administrator has been hired. The management of the Dynamics 365 system will fall within your purview. The account structure has to be configured. You need to make sure that all values and blank values are permitted for the Business Unit dimension. Which values from the list below should you add to the business unit dimension in MB-340?

• A. * (asterisk)
• B. ALL
• C. *; ” ” (asterisk and quotation marks separated by a comma)
• D. *; ” ” (asterisk and quotation marks separated by a semicolon)

Correct Answer: D

Q13)Microsoft Dynamics 365 Finance was recently implement by an organisation. Your appointment as a functional consultant has been made. You will be responsible for overseeing the Dynamics 365 Finance system and educating the Accounts team members. You are delivering training on the Dynamics 365 Finance system’s cost accounting module. What are some instances of cost behaviour from the list below in MB-340?

• A. Primary, secondary
• B. By elements, by traceability
• C. Products, projects, departments
• D. Fixed, variable, semi-variable

Correct Answer: D

Q14)Microsoft Dynamics 365 Finance was recently implement by an organisation. Your appointment as a functional consultant has been made. You will be responsible for overseeing the Dynamics 365 Finance system and educating the Accounts team members. You are delivering training on the Dynamics 365 Finance system’s cost accounting module. Of the following, which one can be either primary or secondary in MB-340?

• A. Cost element
• B. Cost classification
• C. Cost control unit
• D. Cost behavior

Correct Answer: A

Q15)Microsoft Dynamics 365 Finance was recently implement by an organisation. Your appointment as a functional consultant has been made. You will be responsible for overseeing the Dynamics 365 Finance system and educating the Accounts team members. You are delivering training on the Dynamics 365 Finance system’s cost accounting module. Which of the following are examples of products, projects, departments, and cost centres?

• A. Cost elements
• B. Cost objects
• C. Cost classifications
• D. Cost distribution

Correct Answer: B

Q16)Microsoft Dynamics 365 Finance is use by a firm. As a systems administrator, you are also responsible for overseeing the Microsoft Dynamics 365 Finance system. The financial director requests a method for tracking the status of the closure processes. The solution must allow users to examine past-due tasks, tasks still to be complete today, tasks that are due today but are obstruct by dependencies, and all tasks still in progress. What should you configure out of the following?

• A. Financial reports
• B. Financial period close workspace
• C. Business Process Flow
• D. Financial insights workspace

Correct Answer: B

Q17)As a Financial Consultant, you have a job. A business has hired you to oversee its Microsoft Dynamics Finance 365 setup. By using an appropriate allocation base, you must set up the Microsoft Dynamics Finance system to distribute costs from one cost item to one or more additional cost objects. What should you configure out of the following in Microsoft Dynamics 365 Commerce Functional Consultant (MB-340)?

• A. Cost allocation policy
• B. Cost behavior
• C. Cost elements
• D. Cost distribution

Correct Answer: D

Q18)As a Financial Consultant, you have a job. A business has hired you to oversee its Microsoft Dynamics Finance 365 setup. You must set up the Microsoft Dynamics Finance system so that costs are categorise base on how they respond to changes in important business activities. What should you configure out of the following in Microsoft Dynamics 365 Commerce Functional Consultant (MB-340)?

• A. Cost classification
• B. Cost behavior
• C. Allocation base
• D. Cost elements

Correct Answer: B

Q19)You are an organization’s finance manager. The company’s accounting system is Microsoft Dynamics 365 Finance. You must make sure that the sales tax is compute automatically when an item is add to a sales order line while creating sales orders. In order for the sales tax to be calculate, which two of the following fields must be fill in on the sales order line? (Select two.)

• A. Item group
• B. Customer sales tax group
• C. Item sales tax group
• D. Sales tax code

Correct Answer: B and C

Q20)You are an organization’s finance manager. The company’s accounting system is Microsoft Dynamics 365 Finance. When making sales orders, you are configuring the system to make sure that the sales tax is calculate automatically when an item is add to a sales order line. You find out that the sales tax is not calculate for the sales order line when you test the settings. You should check the configuration. Which of the aforementioned should you examine in Microsoft Dynamics 365 Commerce Functional Consultant (MB-340)?

• A. Firstly, ensure that the item sales tax group and the sales tax group for the sales tax group are both related with the sales tax code.
• B. Secondly, verify that the sales tax group and not the item sales tax group are the only ones having the sales tax code.
• C. Next, verify that the item sales tax group, not the sales tax group, is link to the sales tax code.
• D. Further, verify that neither the sales tax group nor the item sales tax group are link to the sales tax code.

Correct Answer: A