Question 1

What is master data management?
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.

Accepted Answer

Master data management (MDM) is the practice of gathering data and ensuring that it is uniform, accurate, consistent, and complete, including entities such as customers, suppliers, products, sales, employees, and other critical entities that are commonly integrated across organizational systems. MDM helps organizations achieve data consistency and accuracy across different systems and processes.

Question 2

What is a data steward?
A)The time it takes for data to be stored or retrieved.
B)The management and oversight of an organization's data assets.
C)The person responsible for ensuring policies and procedures are implemented across the organization.
D)When a company examines its data to determine if it can meet business expectations, while identifying possible data gaps.

Accepted Answer

A data steward is a person responsible for ensuring that policies and procedures related to the management and oversight of an organization's data assets are implemented across the organization. This involves ensuring that data is collected, processed, stored, and used in a way that is consistent with applicable laws, regulations, and internal policies, and that data quality and security are maintained. The data steward is often a highly specialized role, requiring deep knowledge of the organization's data assets, as well as strong analytical, communication, and problem-solving skills.

Question 3

What is a data steward responsible for?
A)Acting as a liaison between the MIS department and the business.
B)Ensuring policies and procedures are implemented across the organization.
C)Both A and B)
D)None of these.

Accepted Answer

A data steward is responsible for both acting as a liaison between the MIS department and the business, as well as ensuring policies and procedures are implemented across the organization. They serve as a point of contact for all data-related issues and ensure that data is accurate, consistent, and in compliance with regulations.

Question 4

What occurs when a system produces incorrect, inconsistent, or duplicate data?
A)Information inconsistency
B)Information integrity issues
C)Data governance
D)Master data management

Accepted Answer

Incorrect, inconsistent, or duplicate data can compromise the integrity of the information, making it unreliable and potentially leading to bad decisions and negative consequences. Ensuring information integrity is a key responsibility of data management.

Question 5

What is the term for the time it takes for data to be stored or retrieved?
A)Data governance
B)Data latency
C)Data validation
D)Data gap analysis

Accepted Answer

The term for the time it takes for data to be stored or retrieved is data latency.

Question 6

Some of the serious business consequences that occur due to using low-quality information to make decisions are all of the following except:
A)Inability to accurately track customers.
B)Inability to identify selling opportunities.
C)The success of the organization depends on appreciating and leveraging the low-quality information.
D)Lost revenue opportunities from marketing to nonexistent customers.

Accepted Answer

The other options listed are all negative consequences that can result from relying on low-quality information to make business decisions. However, relying on or appreciating low-quality information as a means of success is not a consequence but rather a flawed approach to decision-making.

Question 7

What is data validation?
A)The time it takes for data to be stored or retrieved.
B)The management and oversight of an organization's data assets.
C)The tests and evaluations used to determine compliance with data governance policies to ensure correctness of data.
D)When a company examines its data to determine if it can meet business expectations, while identifying possible data gaps.

Accepted Answer

Data validation refers to the process of ensuring that data is accurate, complete, and consistent, and this involves a series of tests and evaluations to determine compliance with data governance policies, to ensure the correctness of data. Therefore, option C is the best choice. The other options (A, B, and D) do not accurately describe data validation.

Question 8

What is 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?
A)Information inconsistency
B)Information integrity issues
C)Data governance
D)Master data management

Accepted Answer

Master data management is 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. This ensures that there are no information integrity issues or information inconsistency, and is closely related to data governance.

Question 9

What is data latency?
A)The time it takes for data to be stored or retrieved.
B)The management and oversight of an organization's data assets.
C)The person responsible for ensuring policies and procedures are implemented across the organization.
D)When a company examines its data to determine if it can meet business expectations, while identifying possible data gaps.

Accepted Answer

Data latency refers to the delay that occurs between the time data is generated and the time it becomes available for use or analysis. It is the time it takes for data to be stored or retrieved.

Question 10

What is the overall management of the availability, usability, integrity, and security of company data?
A)Data intelligence
B)Data governance
C)Data forbearance
D)Data forecasting

Accepted Answer

The overall management of the availability, usability, integrity, and security of company data is referred to as data governance. It involves defining policies, procedures, and standards for data management, ensuring compliance with regulations and industry best practices, and establishing roles and responsibilities for data custodians, stewards, and users. Data governance is essential for business success, as it helps to ensure that data is accurate, consistent, and trustworthy, and that it can be used effectively to support decision-making and achieve organizational objectives. Data intelligence, data forbearance, and data forecasting are not relevant to the management of data availability, usability, integrity, and security.

Question 11

What is data stewardship?
A)The time it takes for data to be stored or retrieved.
B)The management and oversight of an organization's data assets.
C)The person responsible for ensuring policies and procedures are implemented across the organization.
D)When a company examines its data to determine if it can meet business expectations, while identifying possible data gaps.

Accepted Answer

Data stewardship refers to the management and oversight of an organization's data assets, including ensuring data quality, security, and compliance with regulations. It involves responsible data management practices that enable the organization to make informed decisions based on accurate and reliable data.

Question 12

What are information integrity issues?
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.

Accepted Answer

B) Information integrity issues occur when a system produces incorrect, inconsistent, or duplicate data, leading to unreliable information that can affect decision-making and operations.

Question 13

What is the term for when a company examines its data to determine if it can meet business expectations, while identifying possible data gaps or where missing data might exist.
A)Data steward
B)Data stewardship
C)Data validation
D)Data gap analysis

Accepted Answer

The term for examining company data to determine if it can meet business expectations while identifying possible data gaps or where missing data might exist is known as data gap analysis. Data steward and data stewardship refer to roles and responsibilities related to managing data, while data validation is the process of ensuring that data is accurate and reliable.

Question 14

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.

Accepted Answer

Data governance refers to the overall management of the availability, usability, integrity, and security of company data. It involves creating policies, procedures, and standards to ensure that data is managed efficiently, effectively, and securely throughout an organization. It encompasses all aspects of data management, including data quality, metadata management, data security, data architecture, and data strategy.

Question 15

What is information inconsistency?
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.

Accepted Answer

Information inconsistency occurs when the same data element has different values. For example, a customer's name may be spelled differently in different databases, leading to inconsistent information.

Question 16

What is the term for the tests and evaluations used to determine compliance with data governance policies to ensure correctness of data?
A)Data steward
B)Data stewardship
C)Data validation
D)Data gap analysis

Accepted Answer

Data validation refers to the process of checking and verifying data to ensure its accuracy and compliance with data governance policies. This may include running automated tests, performing manual reviews, and comparing data to established standards. Data validation helps to identify and correct errors, inconsistencies, and other issues that can undermine the integrity and usefulness of data. Data stewardship and gap analysis are related concepts but not specifically focused on the testing and evaluation of data for compliance.

Question 17

What is the term for the management and oversight of an organization's data assets to help provide business users with high-quality data that is easily accessible in a consistent manner?
A)Data steward
B)Data stewardship
C)Data gap analysis
D)Data governance

Accepted Answer

The answer of What is the term for the management...

Question 18

What is the term for 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.
A)Data governance
B)Master data management
C)Data validation
D)Data gap analysis

Accepted Answer

The term for the practice described is master data management, which focuses on the management of the most critical data entities across an organization to ensure consistency, accuracy, and completeness. Data governance refers to the overall management of an organization's data-related policies, standards, and procedures. Data validation involves the process of checking data for accuracy and completeness. Data gap analysis is a process used to identify gaps in data collection and management processes.

Question 19

What refers to the overall management of the availability, usability, integrity, and security of company data?
A)Information inconsistency
B)Information integrity issues
C)Data governance
D)Master data management

Accepted Answer

Data governance refers to the overall management of the availability, usability, integrity, and security of company data. It includes policies, procedures, and controls to ensure that data is managed effectively and meets the needs of the organization. A and B refer specifically to data quality issues, while D refers to the management of critical data elements across an organization.

Question 20

What occurs when the same data element has different values?
A)Information inconsistency
B)Information integrity issues
C)Data governance
D)Master data management

Accepted Answer

When the same data element has different values, it creates information inconsistency, meaning that the data is not accurate or reliable. This can lead to problems with decision-making and can cause issues in the organization's operations.

Quiz 6: Valuing and Storing Organizational Information Databases

What is master data management?

What is a data steward?

What is a data steward responsible for?

What occurs when a system produces incorrect, inconsistent, or duplicate data?

What is the term for the time it takes for data to be stored or retrieved?

Some of the serious business consequences that occur due to using low-quality information to make decisions are all of the following except:

What is data validation?

What is 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?

What is data latency?

What is the overall management of the availability, usability, integrity, and security of company data?

What is data stewardship?

What are information integrity issues?

What is the term for when a company examines its data to determine if it can meet business expectations, while identifying possible data gaps or where missing data might exist.

What is data governance?

What is information inconsistency?

What is the term for the tests and evaluations used to determine compliance with data governance policies to ensure correctness of data?

What is the term for the management and oversight of an organization's data assets to help provide business users with high-quality data that is easily accessible in a consistent manner?

What is the term for 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.

What refers to the overall management of the availability, usability, integrity, and security of company data?

What occurs when the same data element has different values?