Configure Expense Management MB-310 Practice Questions (Page 4)

Questions 16–20

1. 16foundation · easy

   What is the purpose of setting up per diem options in Dynamics 365 Finance expense management?

   • ATo set the maximum amount that can be spent on a single expense report
   • BTo calculate mileage reimbursement based on distance traveled
   • CTo define the approval workflow for travel expense reports
   • DTo automate daily allowances for travel expenses
   Reveal Solution Discussion Select an answer first
2. 17foundation · easy

   Which component is required to calculate mileage reimbursement in an expense report?

   • AA mileage rate
   • BAn expense category
   • CA per diem rate
   • DAn approval workflow
   Reveal Solution Discussion Select an answer first
4. 18application · medium

   A company reimburses employees for mileage at different rates for different vehicle types: 0.30 USD per mile for cars and 0.45 USD per mile for trucks. Employees must select the vehicle type when entering mileage. You need to configure mileage expenses to support this. What should you do?

   • ACreate a single mileage expense category and set the unit price to 0.375, the average of the two rates.
   • BCreate two mileage expense categories, one for cars and one for trucks, and set the unit price to 0.30 and 0.45 respectively.
   • CCreate a single mileage expense category and require employees to enter the vehicle type in the description, then manually adjust the rate.
   • DCreate a mileage expense category and set the unit price to 0.30, then use an expense report policy to add 0.15 per mile for truck expenses.
   Reveal Solution Discussion Select an answer first
5. 19foundation · easy

   What is the purpose of managing expense report policies in Dynamics 365 Finance?

   • ATo manage the approval workflow for expense reports
   • BTo define the general ledger accounts for expense posting
   • CTo automate the calculation of per diem amounts
   • DTo enforce compliance and control over expense submissions
   Reveal Solution Discussion Select an answer first
6. 20application · medium

   A consulting firm reimburses employees for travel meals using a fixed daily allowance. The allowance varies by country and by the time of day the employee travels. For example, a full day in Germany is 50 EUR, but a half day is 25 EUR. Employees must select the per diem option when creating an expense report. You need to configure per diem options so that the correct amount is automatically calculated based on the travel dates and destination. What should you configure?

   • ACreate expense categories for each country and set the per diem amount as the unit price. Then require employees to enter the number of days on the expense line.
   • BCreate a single per diem option for all countries and set the amount to 50 EUR. Then manually adjust the amount on each expense line for half days.
   • CConfigure per diem options only for Germany and set the half-day amount to 25 EUR. For other countries, require employees to attach a receipt for actual meal costs.
   • DCreate per diem options for each country and set the per diem rules with different amounts for full and half days. Assign the per diem option to the relevant expense category.
   Reveal Solution Discussion Select an answer first