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Microsoft MB3-862 Exam - Cheat-Test.com

Free MB3-862 Sample Questions:

Q: 1
In addition to transferring current-year quantities to history, what does the Inventory Year-End Closing process allow you to do? Choose the 2 that apply.
A. Remove purchase receipts for items that have been completely sold.
B. Remove any discontinued items that have been completely sold.
C. Update item history for items that have not been sold.
D. Update lot and serial numbers for new items that have not been sold.
Answer: A, B

Q: 2
The Landed Cost Apportionment window allows you to distribute landed costs based on weight and what other methods? Choose the 2 that apply.
A. Percentage
B. Quantity
C. Site ID
D. Value
Answer: B, D

Q: 3
What allows documents to be tracked back to their original source in Sales Order Processing?
A. Batch ID
B. Document Number
C. Master Number
D. Transfer Number
Answer: C

Q: 4
What is the effect of selecting the checkboxes in Inventory Setup to Allow Overrides for adjustment, variance, or transfer transactions?
A. The quantity entered on the transaction can be changed after posting.
B. Quantities that are greater than the quantity available can be entered.
C. Item quantity shortages can be substituted.
D. The item number can be changed on a transaction.
Answer: B

Q: 5
You have decided to implement cycle counting for certain inventory items and want to perform the counts every three weeks. What feature in Inventory allows you to set working or nonworking days for counting purposes?
A. Item Resource Planning
B. Cycle Count Assignment
C. Stock Calendar
D. Stock Schedule
Answer: C

Q: 6
Which item type tracks quantity, but not current cost?
A. Kit
B. Miscellaneous Charges
C. Sales Inventory
D. Services
Answer: D

Q: 7
When selecting the Quantity Decimals for an inventory item what requirement must be met to save the selection?
A. The Quantity Decimals must equal the number of decimals set for the Price Level assigned to the item.
B. The Quantity Decimals must equal the number of decimals set for the Unit of Measure schedule assigned to the item.
C. The Quantity Decimals must equal the number of Currency Decimals set for the item.
D. The Quantity Decimals must equal the number of decimals set for the Price Group.
Answer: B


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