Licensing and Permit Requirements in Liquor Retailing and Banking Are

question 49

True/False

Licensing and permit requirements in liquor retailing and banking are examples of barriers to entry that are based on government policy.

---

Definitions:

Master Data Management

A process that provides companies with the ability to store, maintain, exchange, and synchronize a consistent, accurate, and timely “single version of the truth” for the company’s core master data.

Data Governance

An approach to managing information across an entire organization.

Data Rot

The gradual degradation or loss of data quality or integrity over time due to various factors such as obsolescence or storage medium deterioration.

Data Degradation

Refers to the gradual loss of quality or fidelity of data over time or through the process of copying and transferring.