Standardising of Data Elements Allows For

question 9

Multiple Choice

Standardising of data elements allows for:

• A)Marketing, sales, inventory and billing
• B)Data mart 1, data mart 2 and data mart 3
• C)Competitor and industry information, mailing lists and stock market analysis
• D)Marketing information, sales information and stock market analysis

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Definitions:

Fair Market Value

Fair market value is the price at which a willing buyer and a willing seller, both having reasonable knowledge of the relevant facts, would engage in a transaction.

Moral Hazard

The possibility that individuals who are insulated from risk sometimes behave differently than they would if not insulated.

Risk Insulation

Strategies or practices employed to protect an entity from potential financial losses or liabilities.

Risk Management

The transfer and distribution of risk.