What Is the Term for When a Company Examines Its

question 108

Multiple Choice

What is the term for when a company examines its data to determine if it can meet business expectations, while identifying possible data gaps or where missing data might exist.

• A) Data steward
• B) Data stewardship
• C) Data validation
• D) Data gap analysis

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Definitions:

Maintenance Costs

Expenses incurred in the upkeep of assets, ensuring they continue to operate effectively without significant degradation or failure.

Capital Expenditure

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment to improve its long-term service potential.

Repairs Expense

Costs incurred in the maintenance of assets to keep them in their original condition, without adding to their value or extending their life.

Maintenance Expense

Costs incurred to keep property, equipment, or assets in efficient operating condition.