Online Access Free MB6-700 Practice Test

Which statement about the customer advance feature is true?

• A.The customer advance can be used to offset billable charges by using the invoice proposal process.
• B.The customer advance is created by using the payment journal.
• C.The customer advance amount can be defined as a percentage of an existing invoice amount.
• D.The customer advance cannot be created once transactions have been posted to the project.

You enter and post a vendor invoice. You do not know to which project to allocate the expenses.
You need to ensure that the vendor invoice will be posted with basic information and transferred to an invoice pool for approval.
Which method of managing incoming invoices should you use?

• A.Invoice pool excluding posting
• B.Invoice register
• C.Invoice approval journal
• D.Invoice journal

Why would you create an estimate?

• A.To define the forecast model
• B.To monitor a project's progress
• C.To create an hours forecast
• D.To set a project's budget

Which journalizing option is used only for time tracking?

• A.Profit and loss
• B.Balance
• C.Never ledger
• D.No ledger

You assign resources to a project quotation with a work breakdown structure.
Competencies are used to determine which resources are appropriate for assignment.
On which entity are competencies set?

• A.User
• B.Role
• C.Position
• D.Worker