What Is Master Data Management

question 102

Multiple Choice

What is master data management?

• A) Occurs when the same data element has different values.
• B) Occurs when a system produces incorrect, inconsistent, or duplicate data.
• C) Refers to the overall management of the availability, usability, integrity, and security of company data.
• D) The practice of gathering data and ensuring that it is uniform, accurate, consistent, and complete, including such entities as customers, suppliers, products, sales, employees, and other critical entities that are commonly integrated across organizational systems.

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Definitions:

Initial Cost

The initial outlay or expenditure made to acquire an asset or to start a project.

Absolute Purchasing Power Parity

An economic theory that the price of goods in different countries should be equal when measured in a common currency.

Exchange Rate

The rate at which one currency can be exchanged for another, often influencing international trade and investments.

Exchange Rates

The rate at which one currency will be exchanged for another.