Reference & Master Data

Question 1

What is a common motivation for Reference & Master Data Management?

Answer 1

The need to improve data quality and data integrity across multiple data sources

Question 2

Master Data Management requires:

Answer 2

techniques for splitting or merging an instance of a business entity.

Question 3

What is NOT a primary Master Data Management area of focus?

Answer 3

Producing read only versions of key data items

Question 4

Master Data Management:

Answer 4

Controls the definition of business entities

Question 5

Which one of the following statements is true?

Answer 5

Master Data Management requires techniques for splitting or merging an instance of a business entity.

Question 6

According to the DMBoK, the system that contains the best version of the Master Data is the

Answer 6

System of record

Question 7

A strong argument for pursuing a Reference Data and/or Master Data management initiative is:

Answer 7

By centralizing the management of Reference and Master data, the organization can conform critical data needed for analysis

Question 8

What is a valid definition of Reference Data?

Answer 8

Data used to classify or categorize other data

Question 9

Master data differs from Reference data in the following way:

Answer 9

Unlike Reference data, Master data is not usually limited to predefined domain values

Question 10

Reference data

Answer 10

Are used to categorize and classify other data

Question 11

Which of the following statements regarding a value domain is FALSE:

Answer 11

Value domains are defined by external standard organizations.