MB3-408 Exam

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Exam : Microsoft MB3-408
Title : GP 9.0 Inventory & Order Processing


1. When the results of the physical count are processed using the stock count functionality, quantities are adjusted in Inventory and dollar amounts are adjusted in General Ledger. Which automatic posting accounts are used for the General Ledger
A. Inventory and Inventory Offset
B. Inventory and Adjustment
C. Inventory and Variance
D. Inventory and Cost of Goods Sold
Answer: C

2. Which of the following is true regarding repeating batches in Inventory?
A. Inventory doesn allow recurring batches, but allows repeating transactions.
B. A batch can be defined as recurring. The items and their quantities remain in the batch for the next time to post.
C. A batch can be defined as recurring. The items remain in the batch, but the quantities on the items zero out after posting.
D. Inventory doesn allow recurring batches or transactions.
Answer: C

3. We need to count stock 120 days from today. How does the system verify that this day is a working day?
A. It will count 120 days from today, automatically excluding all Saturdays and Sundays in the count. All Saturdays and Sundays are assumed to be non-working.
B. It will count 120 days from today, including all days of the week. Because of this, the stock count may fall on a Saturday.
C. It will count 120 days from today, excluding all the down days specified in the Stock Calendar Maintenance window.
D. It will look at the Fiscal Period Setup window. Based on the periods there, it will advance the count date 4 months.
Answer: C

4. In Inventory Control Setup, you can define the segment in the General Ledger account format that represents the inventory site. After defining and saving the segment, when can it be changed?
A. Never
B. Anytime
C. While transferring items from one site to another
D. When all the inventory items have a quantity of zero
Answer: A

5. Which of the following options must be selected in order to post an inventory batch to General Ledger? Choose the 2 that apply.
A. Post to General Ledger in Posting Setup for Inventory Series
B. Post to General Ledger in Inventory Batch Entry
C. Allow Transaction Posting in Posting Setup
D. Verify Number of Trx in Posting Setup
Answer: AB

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