Microsoft Azure

Microsoft Dynamics 365 Finance Functional Consultant

MB-310
Popular Trending

Get ready for the MB-310 exam to validate your expertise in Microsoft Dynamics 365 Finance.

144 questions 0 views Free
Start Mock Test Timed · Full-length · Scored

Questions 11–20 of 144

Q11

A company needs to allocate overhead costs to manufacturing products. What functionality should they utilize?

  • A Fixed Asset Management
  • B Product Costing
  • C Sales Tax Calculations
  • D Project Billing
Explanation Product Costing accurately calculates and allocates overhead costs, unlike the other options.
Q12

What happens when you configure a subledger in Dynamics 365 Finance?

  • A Creates separate financial statements
  • B Impacts overall company ledger
  • C Changes inventory methods
  • D None of the above
Explanation Configuration changes in a subledger directly impact the overall company ledger record, affecting financials.
Q13

Which financial dimension can be configured for expense management in Dynamics 365 Finance?

  • A Projects
  • B Employees
  • C Customers
  • D Vendors
Explanation Projects can be used as financial dimensions to track expenses directly related to specific projects, while the others are not alternative financial dimensions.
Q14

A company needs to allocate costs based on usage in Dynamics 365 Finance. Which feature should they implement?

  • A Cost allocation group
  • B Fixed asset allocation
  • C Budget control
  • D Project management module
Explanation Cost allocation groups allow for dynamic cost distribution based on usage, whereas the other options do not directly address allocation based on usage.
Q15

You are configuring a sales tax group in Dynamics 365 Finance. What happens when you set a tax group's tax rate to zero?

  • A Sales tax is ignored
  • B All transactions are tax exempt
  • C Only certain products are tax exempt
  • D Zero tax is reported for all sales
Explanation Setting a tax rate to zero means sales tax calculations are bypassed for transactions within that group, whereas the others imply variations in tax applicability or reporting.
Q16

What is the primary function of 'Dimension Sets' in Dynamics 365 Finance?

  • A Define financial reporting frameworks
  • B Organize chart of accounts
  • C Control spending approvals
  • D Enable currency conversion
Explanation Dimension sets are used to define and manage financial reporting frameworks, while the other options serve different purposes.
Q17

A company needs to calculate sales tax based on multiple criteria. What should the consultant configure?

  • A Tax codes only
  • B Tax jurisdictions
  • C Sales tax groups
  • D Tax exemptions
Explanation Tax jurisdictions help in applying sales tax based on specific geographic criteria better than the other options.
Q18

You are configuring a workflow for purchase requisitions. What happens when a line item exceeds $10,000?

  • A Direct approval granted
  • B Automatic system rejection
  • C Notification to procurement manager
  • D Standard approval process continues
Explanation A notification to the procurement manager is typical for high-value items, while other options do not represent the expected behavior.
Q19

Which financial dimension is used to analyze expenses?

  • A Cost center
  • B Transaction type
  • C Project code
  • D Vendor ID
Explanation Cost center is used for expense analysis; others are not specifically for expenses.
Q20

A company needs to manage multiple currencies efficiently. Which feature should they implement in Microsoft Dynamics 365 Finance?

  • A Cash flow forecasts
  • B Multi-currency transactions
  • C Sales tax setup
  • D Budget planning
Explanation Multi-currency transactions allow proper management of various currencies; others do not address currency management directly.