__________________________ Is a Set of Processes That Aid Organizations in Integrating

question 67

Multiple Choice

__________________________ is a set of processes that aid organizations in integrating data from various sources or enterprise applications to create and maintain a more unified view of a customer, product, or other core data entity that is shared across systems.

• A) Universal data management UDM)
• B) Unified data management UDM)
• C) Master data management MDM)
• D) Integrated data management IDM)

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Definitions:

Gain Recognized

The profit realized from the sale or exchange of an asset, which must be reported for tax purposes.

Involuntary Conversion

Involuntary conversion is the process whereby property is destroyed, stolen, condemned, or disposed of under the threat of condemnation, and the owner receives compensation or insurance recovery.

Reinvested

The act of using dividends, interest, or profits from an investment to purchase additional shares or units of that investment.

Installment Method

The installment method is a tax provision allowing taxpayers to spread out income recognition over several years when reporting sales or transfers of property, helping to manage tax liability.