Knowledge check

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Choose the best response for each of the questions.

Check your knowledge

1.

What is the first step of implementation in Dynamics 365 Finance after acquiring a new company?

Creating a new legal entity

Creating a new operating unit

Creating a new warehouse

2.

Sales tax is applied both to the products that Contoso manufactures and to the materials they buy from other vendors. What kind of tax group needs to be created for each transaction?

Only the item sales tax group

A sales tax group and an item sales tax group

Only the sales tax group

3.

How do tax capabilities contribute to financial planning?

By predicting future sales trends

By managing customer relationships

By providing accurate tax liability estimates

You must answer all questions before checking your work.