Free Microsoft MB7-701 Exam Dumps Questions & Answers

Which two statements about fixed assets insurance are true? (Each correct answer presents a complete solution. Choose two.)

• A.  The posting fields on each insurance card must be populated before posting to a G/L.
• B.  Each insurance card must be linked to a predefined insurance type.
• C.  Running the Insurance - Uninsured FAs report creates a list of fixed assets that are not covered by insurance.
• D.  Depreciation books and insurance depreciation books are identical.

A company has a large number of part-time employees, each working a different number of hours every week. The payroll expense for these employees must be recorded weekly. You set up a recurring journal.
Which Recurring Method should you use to record the payroll expenses?

• A.  Variable
• B.  Reversing Fixed
• C.  Balance
• D.  Fixed

Which statement about the value added tax (VAT) calculation type reverse charge VAT is true?

• A.  This option creates two G/L entries with the VAT amount that balance to U and two VAT entries.
• B.  This option creates two G/L entries with the VAT amount that balance to 0 and one VAT entry.
• C.  This option is used only by Sales & Receivables and creates two VAT entries with the VAT amount that balance to 0.
• D.  This option is used only by Purchases & Payables transactions and creates two VAT entries with the VAT amount that balance to 0.

Which two options do you use to track the maintenance of fixed assets? (Each correct answer presents part of the solution. Choose two.)

• A.  Maintenance Vendor No. and Next Service Date
• B.  Under Maintenance and Warranty Date
• C.  Under Maintenance and Repair Status Code
• D.  Maintenance Vendor No. and Service Period

A customer is using the default sales order Role Center profile.
In the ribbon, the sales invoice is displayed as a large icon and the sales order as a small icon.
The user needs to display the sales order icon as a large icon.
What should you tell the user to do?

• A.  Right-click the ribbon, click Sales Order, and select the large icon size.
• B.  The user cannot change the icon size in the RoleTailored client, but can do this in the Microsoft Dynamics NAV Development Environment.
• C.  Right-click the ribbon, click Customize Ribbon, click Sales Order, and select the large icon size.
• D.  The user cannot change the icon size since this requires administrator rights.