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Slide 1: MB7-227 Navision 4.0 Trade and Inventory Exam: MB7-227 Demo Edition CERT MAGIC 1 htttp://www.certmagic.com
Slide 2: MB7-227 QUESTION: 1 What must a user performing the Sales Management setup do to have the program issue a warning when there are not enough items on inventory to fulfill a sales order? A. The program always automatically warns a user about lack of items on inventory B. Select the Stockout Warning option on the Sales Order window C. Select the Stockout Warning option on the Customer Card D. Place a check mark in Stockout Warning field on the General tab of the Sales & Receivables Setup window Answer: D QUESTION: 2 You want to raise the Unit Price on all Item cards by 10%. Which of the following batch jobs can do this for you? A. Implement Price Change B. Adjust Cost - Item Entries C. Post Inventory Cost to G/L D. Adjust Item Costs/Prices Answer: D QUESTION: 3 Does item charge assignment change the quantity of the posted entries? A. Yes, if it is defined in setup B. Yes C. No, if it is defined in setup D. No Answer: D QUESTION: 4 Select the document that is NOT one of the source documents for a warehouse receipt: 2 htttp://www.certmagic.com
Slide 3: MB7-227 A. Inbound transfer order B. Sales return order C. Purchase order D. Production order Answer: D QUESTION: 5 For the program to suggest a line discount for a sales order, this order must always meet the following condition: A. Minimum order quantity B. Profit percentage defined for the item in question C. All conditions specified in the Sales Line Discount table D. The item belongs to an item discount group Answer: C QUESTION: 6 What does the posting function for purchase orders consist of? A. Receipt posting B. One receipt and two invoices posting C. Invoice posting D. Receipt and invoice posting Answer: D QUESTION: 7 What are all the areas where you can reserve items from? A. Existing stock (represented as item ledger on the line), open purchase orders, transfer orders, production orders or purchase returns 3 htttp://www.certmagic.com
Slide 4: MB7-227 B. Existing stock (represented as item ledger on the line) C. Planned stock with forecasted items D. Open purchase orders, transfer orders or production orders Answer: A QUESTION: 8 You need to determine the inventory value at each of your company locations. You want to be able to filter You need to determine the inventory value at each of your company? locations. You want to be able to filter by purchaser. Which dimension options do you use when creating a purchase Analysis by Dimensions? A. Location dimension B. Item dimension C. Customer dimension D. Purchaser dimension Answer: A,D QUESTION: 9 What return-related documents can be created from the sales return order? A. Replacement sales order B. Replacement purchase order C. Purchase return order D. An invoice Answer: A,B,C QUESTION: 10 How many in-transit locations can you set up in the program? A. As many as the number of warehouses you have set up B. One (1) C. Two (2), one for internal and one for external carriers 4 htttp://www.certmagic.com
Slide 5: MB7-227 D. As many as you want Answer: D QUESTION: 11 You need to know when the inventory on hand is supposed to increase and at what location. In the Item Availability By Location window, based on what documents does the program calculate the projected availability per location? A. Sales and purchase quotes B. Shipment notes C. Sales and purchase invoices D. Scheduled and planned order receipts Answer: D QUESTION: 12 How can registering item charges be done? A. On the same vendor card B. As a separate document (stockkeeping item card) C. In the same purchase document D. As a separate document (purchase order/invoice) Answer: C,D QUESTION: 13 To manage sales prices in Microsoft Navision in a consistent manner, companies with extensive and complicated price structures are recommended to store all their price-related information: A. On the item cards B. In the Sales Prices table only C. In the Sales Prices Worksheet D. Both in the Sales Prices table and item cards 5 htttp://www.certmagic.com
Slide 6: MB7-227 Answer: B QUESTION: 14 You want to track your orders and want the program to create order tracking entries to link demand and supply. You only want the program to create the entries in two circumstances dynamically, when creating an order that may be offset by an existing order, and after running the planning engine. Which option must you select in the Order Tracking Policy field on the Planning tab of an item card? A. Action Messages B. Tracking Only C. Tracking & Action Msg. D. None Answer: B QUESTION: 15 In Microsoft Navision, inventory allocation is defined as: A. Quantities set aside for some specific purpose, temporarily or permanently B. The total item quantity available in the company C. Inbound quantities, such as on a purchase order, being reserved for outbound or specific requests D. The sum of all item increases minus all item decreases Answer: A QUESTION: 16 How does the program calculate the Expected Receipt Date for the purchase orders for which a purchaser has not requested a receipt date? A. Planned Shipment Date + Shipping Time B. Planned Receipt Date + Inbound Warehouse Handling Time + Safety Lead Time C. Shipment Date + Outbound Warehouse Handling Time D. Order Date + Lead Time Calculation 6 htttp://www.certmagic.com
Slide 7: MB7-227 Answer: B QUESTION: 17 Which of the following tasks can a typical vendor-oriented return process include? A. Debiting the vendor B. Registering the compensation agreement with the vendor C. Creating a replacement purchase order D. Crediting the customer Answer: A,B,C QUESTION: 18 You have entered a purchase order for a quantity of 30 items. You are to receive the items in 2 equal shipments. The vendor sends a single invoice for all 30 items with the second shipment. How should you post the second receipt (and invoice) in the program? A. Leave the Qty. to Receive as 15 and select Receive when you post the order B. You need to post the order twice because you can only post the invoice after you have posted the second receipt C. Set the Qty. to Receive to 30 and select Receive and Invoice when you post the order D. Leave the Qty. to Receive as 15 and select Receive and Invoice when you post the order Answer: D QUESTION: 19 What is the central document that allows the user to register a compensation agreement settled with the vendor and from where the user can access other purchase-related documents to enter and maintain the return-related information? A. Sales return order B. Purchase invoice C. Purchase order D. Purchase return order 7 htttp://www.certmagic.com
Slide 8: MB7-227 Answer: D QUESTION: 20 Which of the following statements are TRUE of the sales and purchase budgets? A. The sales and purchase budgets cannot be modified in Excel. B. When you export a budget to Excel, the filters that you set in Microsoft Navision are not visible in the Excel worksheet. C. The sales and purchase budgets can be imported from Excel. D. The sales and purchase budgets can be exported to Excel Answer: C,D 8 htttp://www.certmagic.com