What Is Data Governance

question 208

Multiple Choice

What is data governance?

• 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:

Cash Payments Journal

A financial journal that records all cash outlays or disbursements made by a company during a period.

Accounts Payable Subsidiary Ledger

A ledger containing all account details of amounts owed by a business to its suppliers or creditors, facilitating more detailed tracking alongside the general ledger.

Payment For Supplies

The monetary expenditure for obtaining supplies necessary for the operation of a business.

Monthly Adjustment

A routine accounting process for updating financial statements and records to reflect changes and transactions that occurred within a month.