Which document defines the parameters of a vendor invoice?
AInvoice headers and footers
BVendor agreements
CInvoice anytime notifications
DPurchase orders
Explanation
The correct document is Purchase orders, as they outline terms for vendor invoicing. Invoice headers and footers, vendor agreements, and notifications do not define invoice parameters.
Q32
A company needs to enforce a maximum inventory level to avoid overstocking. Which feature in Dynamics 365 SCM can help achieve this?
ASafety Stock
BMin/Max Inventory
CReorder Point
DDemand Forecasting
Explanation
Min/Max Inventory controls both minimum and maximum levels for stock management. Safety Stock, Reorder Point, and Demand Forecasting are not direct controls for maximum inventory limits.
Q33
You are configuring an item release in Dynamics 365 SCM. What happens when you select the 'Automatically create purchase order' option?
AIt creates a sales order automatically
BIt generates a purchase order based on demand
CIt prevents any purchase orders
DIt notifies vendors electronically
Explanation
Selecting this option generates a purchase order based on the item's demand forecast. The other options do not pertain to the automatic creation of purchase orders.
Q34
Which parameter helps adjust lead time in D365 SCM?
AOrder Quantity
BSafety Stock
CTransit Time
DInventory Value
Explanation
Transit time directly affects lead time; others do not.
Q35
A company needs to track items in different warehouse locations. Which D365 feature should they use?
AProduct Master
BWarehouse Management
CInventory Journals
DSales Order Processing
Explanation
Warehouse Management is designed for location tracking; others do not manage locations specifically.
Q36
You are configuring a new item in D365. What happens when the item is marked as 'kit'?
AAutomatically generates purchase orders
BSupports combining other items
CRequires separate inventory accounting
DDisallows inventory valuation
Explanation
Kits combine items; other options misrepresent kit functionality.
Q37
Which feature enables real-time tracking of inventory levels?
AInventory On-Hand Reports
BInventory Dynamics Dashboard
CInventory Management Workbench
DInventory Availability Insights
Explanation
Inventory Availability Insights provides real-time tracking; the others do not offer real-time capabilities.
Q38
A company needs to minimize stockouts and excess inventory. Which configuration should they enable?
AJust-in-Time Inventory
BOrder Point Inventory
CSafety Stock Analysis
DReorder Point Planning
Explanation
Safety Stock Analysis minimizes stockouts and excess; the other options do not directly address both needs.
Q39
What happens when a finished goods order is marked as cancelled in Dynamics 365?
AAll associated inventory is deleted
BInventory remains but is not reserved
CFinancial impact is recorded immediately
DAssociated components are also cancelled
Explanation
Inventory remains unreserved but is not deleted; the other options incorrectly affect inventory or finances.
Q40
You are configuring a new supplier relationship. What must you do first?
AAssign a procurement category
BCreate a supplier record
CSet up payment terms
DRegister for tax purposes
Explanation
You must create a supplier record before assigning categories or terms.