Differentiate Between Master Data and Transaction Data

question 58

Short Answer

Differentiate between master data and transaction data.
Section reference 1: Data Governance

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Definitions:

Recall

The process of retrieving information or memories from one's mind, or a formal request to return a defective product.

Attributes

Characteristics or qualities that define an object, individual, or data.

Reputations

The beliefs or opinions that are generally held about someone or something's character, achievements, and qualities.

Word-Of-Mouth

The process of information or recommendations being passed from person to person, especially as a method of informal advertising.