Any Data-Centric Effort Should Involve Input Not Only from Business

question 93

True/False

Any data-centric effort should involve input not only from business and technical staff, but from the firm's legal team, as well.

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Definitions:

Nonpayment

The failure to fulfil a financial obligation, such as not making a required payment to a lender or vendor by the due date.

Insurance Company

A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.

Insured Party

An individual or entity that is covered under an insurance policy and is entitled to receive compensation for loss, damage, or liability.

Insurance Contract

An agreement between an insurer and an insured where the insurer agrees to compensate the insured for specific losses in exchange for premiums.