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Microsoft Dynamics AX 2012 R2 Project

Question No: 11

What is the difference between advanced and simple internal projects?

  1. Advanced internal projects can track expense transactions; simple internal projects cannot.

  2. Advanced internal projects can use work in process (WIP) to post costs; simple internal projects cannot.

  3. Advanced internal projects can track hour transactions; simple internal projects cannot.

  4. Advanced internal projects allow on-account posting; simple internal projects do not.

Answer: B

Question No: 12

You work with a fixed-price project.

To which process do the completed contract and completed percentage assessment principles relate?

  1. Posting revenue

  2. Transferring costs from balance sheet to profit and loss accounts

  3. Posting costs

  4. Accumulating costs in balance sheet accounts

Answer: A

Question No: 13

You attach an invoice format to the project contract. Which item is controlled by the invoice format setting?

  1. Invoice output destination

  2. Invoice currency

  3. Invoice summarization

  4. Invoice orientation

Answer: C

Question No: 14

Your company negotiates a project contract worth 120,000 USD with a customer. To maintain an acceptable profit margin,the budget for the project is set at 85,000 USD.

The project manager wants to manage the project as three related subprojects,so you divide the total budget into 25,000 USD,40,000 USD,and 20,000 USD. When you create the root project,you create the original budget and submit the budget to workflow for approval.

How should you manage the budgeting for the entire project hierarchy?

  1. Manage the budgeting only at the subproject level in the project hierarchy.

  2. Manage the budgeting as a single unit for the entire project hierarchy.

  3. Manage the budgeting separately for each project type in the project hierarchy.

  4. Manage the budgeting separately for each subproject in the project hierarchy.

Answer: B

Question No: 15

You set up the project validation feature.

You need to restrict certain employees to use specific categories when they enter transactions in journals for particular projects.

Which type of validation group should you configure?

  1. Worker/project

  2. Categories

  3. Projects

  4. Project/category

  5. Worker/category

Answer: D

Question No: 16

Which statement for both the cost and the time project types is true?

  1. Both allow registering hour transactions.

  2. Both allow capitalizing on balance sheet accounts.

  3. Both allow registering expense transactions.

  4. Both allow posting hour transactions on profit and loss accounts.

Answer: A

Question No: 17

What is the purpose of the My Delegates feature?

  1. To designate a linked worker in another legal entity

  2. To designate multiple workers assigned to the same timesheet

  3. To designate a worker who may approve a timesheet on a worker’s behalf

  4. To designate a worker who may submit a timesheet on a worker’s behalf

Answer: D

Question No: 18

Which statement about the effective labor rate (ELR) feature is true?

  1. Effective labor rate is not enabled by default for all workers and can be enabled for the workers you select.

  2. Effective labor rate is enabled when a cost price amount and calendar are specified for that worker.

  3. Effective labor rate is enabled by default for all workers and can be disabled for the workers you select.

  4. Effective labor rate is enabled by default for all workers and cannot be disabled.

Answer: A

Question No: 19

You create an invoice proposal and use the Manage invoice form to manage the presentment of the invoice.

Which two steps are required to group transactions with a subtotal on the invoice? (Each correct answer presents part of the solution. Choose two.)

  1. Select the transactions to be included.

  2. Create an invoice line summary.

  3. Select the user-defined invoice format.

  4. Enter text for the invoice header and footer.

  5. Define the type of transactions to be included.

Answer: A,B

Question No: 20

You create a project contract.

You need to include indirect costs. Which billing rule should you select?

  1. Progress

  2. Unit of delivery

  3. Time and material

  4. Milestone

Answer: C

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