What Is the Practice of Gathering Data and Ensuring That

question 118

Multiple Choice

What is 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?

• A)information inconsistency
• B)information integrity issues
• C)data governance
• D)master data management

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Definitions:

Efficiency

The ability to achieve maximum productivity with minimum wasted effort or expense.

Effectiveness

The degree to which objectives are achieved and the extent to which targeted problems are solved.

Liquidity

A measure of the ease with which an asset can be converted into cash without significantly affecting its value.

Solvency

The ability of a company or individual to meet long-term financial obligations, indicating they possess more assets than liabilities over the long term.