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2016 New MB6-700 Study Guides:
2.Manage advanced projects;
3.Manage projects for service industry;
NEW QUESTION 11 – NEW QUESTION 20
Which journalizing option is used only for time tracking?
A. No ledger
B. Profit and loss
C. Never ledger
Which statement about fee forecasts is true?
A. Fee forecasts are included as part of the regular billing process.
B. Fee forecasts apply only to fixed-price projects.
C. Fee forecasts apply only to time and material projects.
D. Fee forecasts can be used for unexpected costs.
Which statement describes what happens during the elimination process for a fixed-price project?
A. The work in process (WIP) on-account account postings and the WIP production and profit postings are reversed automatically.
B. All existing lines are removed from the estimate.
C. The fixed-price project is removed.
D. The WIP on-account account postings and the WIP production and profit postings must be reversed manually.
Which two items are determined by the cost templates for advanced fixed-price projects? (Each correct answer presents part of the solution. Choose two.)
A. The amount of hours that can be posted for advanced fixed-price projects
B. The amount of expenses that can be posted for advanced fixed-price projects
C. Whether to calculate the degree of completion on the posted amount or quantity
D. The categories included in calculating the degree of completion
You assign resources to a project.
You need to define the scheduling requirements for the project.
Which three actions are scheduling requirements? (Each correct answer presents part of the solution. Choose three.)
A. Setting up the calendar to use for the workers on the project
B. Specifying the estimated hourly rate for the workers on the project
C. Specifying the type of calendar for the project
D. Setting the start date and end date of the project
E. Specifying the estimated number of worker hours required to complete the project
You transfer a project quotation with a work breakdown structure to a new project.
Which three project data sets can be created during the transfer process? (Each correct answer presents part of the solution. Choose three.)
A. Invoice proposal
B. Project budget
D. Item requirements
E. Billing rules
You create a project contract.
You need to include indirect costs.
Which billing rule should you select?
B. Unit of delivery
C. Time and material
You use the progress billing rule to invoice a project.
Which action can be performed automatically by Microsoft Dynamics AX?
A. Determine the total contract value
B. Determine the percentage of work completed by hours
C. Determine the percentage of work completed by cost price
D. Determine the chargeable categories based on the project budget
You need to set up a pay when paid (PWP) term for a project.
Which project type should you choose?
A. Time and material
You set up a category group and a project category to post customer payment retention transactions.
Which transaction type should you select?
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