Online Access Free MB7-701 Practice Test

What is the main purpose of the Item Category Code field?

• A.To create templates with pre-defined values so users do not have to enter posting groups when setting up an item card
• B.To group items so that it is easier to filter them
• C.To group items when printing statistics reports
• D.To enable users to run the Post Inventory Cost to C/I batch job

Users in the accounting department can enter journal data at the same time into Microsoft Dynamics NAV.
How do you ensure that each user's work is isolated from other users during data entry?

• A.No additional configuration is required because each user's work is automatically isolated in Microsoft Dynamics NAV based on their User I
• B.Create a separate journal template for each user, with each template having a different Source Code.
• C.Create a different number series for each user.
• D.Create a separate journal batch for each user.

Your client uses a dimension named ITEM CLASS with different dimension values to define different types of items on sales postings.
You need to modify the dimension settings so that sales-related ledger entries contain information on the type of item sold.
Which two actions should you perform? (Each correct answer presents part of the solution. Choose two.)

• A.Set the Dimension Value Posting field for the ITEM CLASS dimension code to Same Code for the sales-relatedG/Laccount cards.
• B.Add a unique ITEM CLASS dimension value code to all individual item category cards.
• C.Add a unique ITEM CLASS dimension value code to all individual item cards.
• D.Set the Dimension Value Posting field for the ITEM CLASS dimension code to Code Mandatory for the sales-relatedG/Laccount cards.

You plan to use the Copy Budget function to create a budget for next year based on this year's budget. Income and cost are projected t increase by 4%.
How should you create the new budget?

• A.Set Source toG/LEntry and enter an Adjustment Factor of 4%.
• B.Set Source toG/LEntry and enter an Adjustment Factor of 1.04.
• C.Set Source toG/LBudget Entry and enter an Adjustment Factor of 1.04.
• D.Set Source toG/LBudget Entry and enter an Adjustment Factor of 4%.

What effect does setting the Fix Exchange Rate Amount field in the Currency Exchange Rates window have in Microsoft Dynamics NAV?

• A.It determines the threshold over which currency conversion rounding errors are repaired.
• B.It determines whether the currency or the relational currency exchange rate can be changed on transactions and journals.
• C.It determines the exchange rate to be used when the Adjust Exchange Rates batch job is run.
• D.It determines the threshold under which currency conversion rounding errors are repaired.