Microsoft Dynamics 365 Commerce Functional Consultant

Here you have the best Microsoft MB-340 practice exam questions

You have 182 total questions across 37 pages (5 per page)
These questions were last updated on February 17, 2026
This site is not affiliated with or endorsed by Microsoft.

Question 1 of 182

A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Systems Administrator. Your role will include the management of the Dynamics 365 system.
The company has several departments. You need to configure allocations for the departments. The company has the following requirements for the allocations:
The allocations should be fixed or variable.
Allocation journal entries must be automatically created for review before posting.
You need to configure the system to meet the requirements.
What should you configure?

Transfer balance

Allocation terms

Ledger settlements

Ledger allocation rules

Question 2 of 182

Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system.
You need to configure posting definitions and posting profiles. You need to determine under which circumstance you should configure a posting definition or a posting profile.
Which two of the following statements are true? (Choose two).

You should use posting definitions when you need to support encumbrance accounting for purchase orders and pre-encumbrance accounting for purchase requisitions.

You should use posting profiles when you need to support encumbrance accounting for purchase orders and pre-encumbrance accounting for purchase requisitions.

You should use posting definitions when you need to generate multiple, balanced ledger entries based on attributes such as transaction types and accounts.

You should use posting definitions when you need only one offset ledger entry.

Question 3 of 182

A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Systems Administrator. Your role will include the management of the Dynamics 365 Finance system.
You need to configure fiscal calendars to be used with fixed asset depreciation, financial transactions, and budget cycles.
Which two of the following statements are true? (Choose two)

A fiscal calendar can contain multiple fiscal years.

A fiscal calendar is limited to a maximum of one year.

A fiscal calendar can be used by multiple legal entities.

A fiscal period can contain multiple fiscal calendars.

Question 4 of 182

Your role of Systems Administrator includes the management of your company's Microsoft Dynamics 365 Finance system. The company has several departments.
The company spends a lot of money each year on marketing campaigns.
You need to configure allocation rules to divide the marketing costs between the company departments.
The marketing expenses must be allocated based on each department's sales in proportion to the total departmental sales.
Which allocation method should you use in the allocation rule?

Basis

Fixed percentage

Fixed weight

Equally

Question 5 of 182

A company has recently deployed Microsoft Dynamics 365 Finance. You have been hired as a Functional Consultant. Your role will include the management of the Dynamics 365 Finance system and to provide training for members of the Accounts team.
You are providing training on the cost accounting module in the Dynamics 365 Finance system.
Which of the following statements describes the allocation base?

Used to measure and quantify activities, such as machine hours that are used, kilowatt hours that are consumed, or square footage that is occupied.

Defined by calendar, currency, and cost element dimension, it controls processes and policies for measuring costs.

Used as a function to track and categorize costs.

Classifies costs according to their behavior in relation to changes in key business activities.

About the Microsoft MB-340 Certification Exam

About the Exam

The Microsoft MB-340 (Microsoft Dynamics 365 Commerce Functional Consultant) validates your knowledge and skills. Passing demonstrates proficiency and can boost your career prospects in the field.

How to Prepare

Work through all 182 practice questions across 37 pages. Focus on understanding the reasoning behind each answer rather than memorizing responses to be ready for any variation on the real exam.

Why Practice Exams?

Practice exams help you familiarize yourself with the question format, manage your time, and reduce anxiety on the test day. Our MB-340 questions are regularly updated to reflect the latest exam objectives.