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MB4-643 Product Description:
Exam Number/Code: MB4-643 vce
Exam name: SL 7.0 Inventory & Order Processing
n questions with full explanations
Certification: Microsoft Certification
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MB4-643 examcollection

Question No. 17

In the Inventory module, which feature can be used to set up the part numbers of the manufacturers to streamline the entry of Purchase Orders and Sales Orders?

A. Reason Codes

B. Product Classes

C. Item Cross Reference

D. Product Class Cross Reference

Answer: C


Question No. 18

In the following options, which is a valid configuration with reference to the Customer Priority Scheduling (CPS) option? (choose more than one)

A. Work Order module is installed and CPS is off.

B. Work Order module is not installed and CPS is off.

C. Work Order module is installed and CPS is turned on.

D. Work Order module is not installed and CPS is turned on.

Answer: ABD


Question No. 19

Supposing that the General Ledger, Accounts Receivable, Accounts Payable, Inventory and Purchasing modules are set up, which general ledger accounts are updated when a Receipt/Invoice Entry batch that contains Goods for Inventory line items is released and posted? (choose more than one)

A. The Inventory Account from the PO Setup screen is debited

B. The AP Accrual account from the PO Setup screen is credited.

C. The Inventory Account from the Inventory Sites screen is debited.

D. General ledger balances are only updated because of the AP batches created from the PO receipts.

Answer: BC


Question No. 20

When credit checking is enabled in the Order Management Setup screen and activated for all customers, without grace periods, how does the Hold on Credit Failure field affect the step of an order type?

A. If the customer fails the credit check. Then that step is completed and a warning message is displayed.

B. If the customer fails the credit check. Then the step is not completed and the document is put on credit hold.

C. If the customer fails the credit check. Then that step is completed and the order is automatically canceled.

D. If the customer fails the credit check. Then that step is completed and the document is put on credit hold and nothing more happens until the document is removed from credit hold.

Answer: B


Question No. 21

When you enter a Receipt, which inventory valuation method does not require the entry of the item's cost?

A. FIFO

B. LIFO

C. Standard Cost

D. Average Cost

Answer: C


Question No. 22

For which purchase order type can receipts be entered in the Receipt/Invoice Entry screen?

A. Quote

B. Drop Ship

C. Regular Order

D. Blanket Order

Answer: C


Question No. 23

In order to use the Order to Purchase module, which other modules are required to achieve this?

A. Inventory

B. Purchasing

C. Order Management

D. Inventory Replenishment

Answer: ABC


Question No. 24

In the following options, which discounting methods in the Order Management module let you set up and apply multiple discount to a line item on a sales order?

A. Trade Discounts

B. Chain Discounts

C. Sales Price Discounts

D. Sales Price Revision Discounts

Answer: B


Question No. 25

When a shipper is created by the Process Manager, which fields in the Order Management Setup screen can affect? (choose more than one)

A. AM/PM Cutoff Time

B. Picking Time (days)

C. Delay Shipper Update (minutes)

D. Delay Shipper Creation (minutes)

Answer: ABD


Question No. 26

In the following options, which are valid allocation methods for landed costs? (choose more than one)

A. By cost

B. By weight

C. By quantity

D. By product class

Answer: ABC


Question No. 27

There's a situation: one salesperson makes a sale. But the customer is always serviced by another salesperson. At this time, 6% commission on the sale is given to the salesperson who makes the sale. And a 12% commission is given to the primary salesperson. So how is the sales order entered?

A. Use the Salespeople Button on the Line Item tab to access the Salesperson screen. Enter the two Salesperson ID's and their commission rates into the grid.

B. Enter both Salesperson ID's and their commission rates into the Salesperson ID field of the line item with the following format: (Selling - 5%, Primary - 10%).

C. Enter two sales orders. On one order, assign the selling salesperson with a 5% commission rate. On the other order, assign the primary salesperson with a 10% commission rate.

D. Enter two line items on one sale order. On one line, assign the selling salesperson with a 5% commission rate. On the other line, assign the primary salesperson with a 10% commission rate.

Answer: A


Question No. 28

Receipts can be entered in the Receipt/Invoice Entry screen for purchase orders that have which of the following statuses? (choose more than one)

A. Quote

B. Completed

C. Open Order

D. Purchase Order

Answer: CD


Question No. 29

A client has a guaranteed three day delivery policy for orders placed before 3:00 p.m. If orders were submitted on or after 3:00p.m, they will be delivered within three business days of the next business day. How should you implement this policy?

A. Change the Request and Promised date on all sales order line Items to comply with this policy.

B. Set the AM/PM Cutoff Time to 15:00, set the Before Cutoff Time Days to 3, and set the After Cutoff Time Days to 4 in the OM Setup screen.

C. Change the Business date on the File menu to 3 days in advance of the actual calendar day.

At noon each day, the clerks should advance this value one more day.

D. Set the default value for the Standard Delivery Policy field on the Sales Order screen to 3 and the Delivery Policy Cutoff time field on the Sales Order screen to 15:00.

Answer: B


Question No. 30

In the following screens, which can be used to enter customer payment amounts in the Order Management module?

A. Shippers

B. Sales Order

C. Manifest Entry

D. Shipment Schedule

Answer: A


Question No. 31

You're in charge of the service department, a customer decides that no more receipts of material against some open purchase orders are expected. Which action will not show outstanding quantities in the Quantity on Purchase Orders field for the inventory items, but maintains the original history of the quantities actually ordered?

A. In the Purchase Orders screen, change the quantity fields on each line item to exactly match the actual quantity received.

B. Retrieve the purchase orders in the Purchase Orders screen and change the status from Open Order to Completed or Canceled.

C. Activate Initialize Mode and set the Qty Remaining fields in the Receipt and Voucher Amounts screen on the purchase orders to zero.

D. Record receipts for the remaining items, clear the Reopen Closed Purchase Orders on Returns field, and then enter returns for the same amounts.

Answer: B


Question No. 32

A client report that he can't see the customer balances increase in Accounts Receivable, or the Quantity on Hand in Inventory decrease based on activity in Order Management. In the following scenarios, which could cause this to happen? (choose more than one)

A. The Realtime Inventory Update field in the Order Management Setup screen is not marked.

B. The Update Accounts Receivable and Inventory step was removed from the order types the client is using.

C. The sales journal report was generated but the Accounts Receivable and inventory batches have not been released.

D. The Sales Journal report was generated, but the Release Batches Automatically field in Order Management Setup is not checked.

Answer: CD