Data Stewards Ensure That People Adhere to the Definitions for the Master

question 122

True/False

Data stewards ensure that people adhere to the definitions for the master data in their organizational units.

---

Definitions:

Materials Price Variance

The difference between the actual cost of direct materials and the expected cost, based on standard price and actual quantity purchased.

Materials Purchased

The total value of raw materials bought by a company for use in production during a specific time period.

Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost, reflecting how efficiently labor resources are used.

Skilled Workers

Individuals who possess specialized training, expertise, or significant experience in a particular field or job.