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:

Replenishment Lead Time

The interval between the placement of an order and its delivery, significant in inventory management and planning.

Product Availability

The degree to which products are in stock and accessible to customers when they want to purchase them.

Manufacturing Cost

Refers to the total expenses involved in the production of goods, including raw materials, labor, and overhead costs.

VMI

Vendor-managed inventory, a supply chain practice where the supplier takes full responsibility for maintaining an agreed inventory level at the buyer's premises.