Question 1

Which is not a type of Master Data Architecture is?

Accepted Answer

Compound

Answer

Virtualized

Answer

Registry

Answer

Repository

Question 2

Typical MDM components include transformation, sourcing, and caching and synchronization.

Accepted Answer

true

Answer

false

Question 3

MDM products may provide either a service library or the means for creating master data services as master object models are integrated or enhanced.

Accepted Answer

true

Answer

false

Question 4

When discussing Master Data Match Rules, the scenario of “Match-Merge Rules” deals with: Identifying and cross-referencing records that appear to relate to a master record without updating the content of the cross-referenced record. These rules are easier to implement and much easier to reverse.

Accepted Answer

false

Answer

true

Question 5

Each master data subject area should typically have its own system of record.

Accepted Answer

true

Answer

false

Question 6

Reference and master data include the reconciliation and maintenance of core critical shared data in order to?

Accepted Answer

Enable consistent use across the systems of the most timely and relevant version of essential data

Answer

Inspect all data that is in production and get the business areas to certify that the data is correct

Answer

Make it easier to store data for the programmers and users

Answer

Save space in the databases and keep only the most recent data

Question 7

The goals of Master Data Management (MDM) are?

Accepted Answer

All of the above

Answer

Reducing risks associated with ambiguous identifiers (more than one instance of an entity)

Answer

Ensuring the availability of accurate and current values

Answer

Reducing risks associated with the ambiguity of more than one entity

Question 8

Subsets of the master data must be delivered “just in time” as the business projects need to use them.

Accepted Answer

true

Answer

false

Question 9

It’s not necessary to align MDM initiatives, processes, and recommendations for technology with corporate and business unit strategy. MDM stands by itself within the data ecosystem.

Accepted Answer

false

Answer

true

Question 10

At any given point, master data values should represent what?

Accepted Answer

The organization's best understanding of what is accurate and current

Answer

The organization's best understanding of its transaction data

Answer

The organizations best understanding of everything in the data repository

Answer

The organization's best understanding of the enterprise data model

Question 11

All organizations have master data even if it is not labeled master data?

Accepted Answer

true

Answer

false

Question 12

What statement is most accurate about master data metadata?

Accepted Answer

Provides the who, what, and where context about master data content

Answer

Includes a sample of content

Answer

Can either be related to technical or business perspectives of content, but not both

Answer

Secures the content

Question 13

Reference data?

Accepted Answer

Is used to categorize and classify other data

Answer

Has obvious definitions

Answer

Has limited value

Answer

Is always supplied by outside vendors

Question 14

Plant equipment is an example of?

Accepted Answer

Master data

Answer

Inverted data

Answer

Reference data

Answer

Transaction data

Question 15

Master Data Management?

Accepted Answer

Controls the definition of business entities

Answer

Allows applications to define business entities as needed and manages the mappings between common data in a central location

Answer

Is synonymous with reference Data Management

Answer

Is time-consuming with questionable impact on Data Quality

Question 16

Master data differs from reference data in which following way?

Accepted Answer

Unlike reference data, master data is not usually limited to predefined domain values

Answer

Master data does not require a data steward

Answer

Master data should be held to a higher Data Quality standard than reference data

Answer

Master data do not require business definitions

Question 17

The biggest challenge to implementing Master Data Management will be?

Accepted Answer

The disparity between sources

Answer

Complex queries

Answer

Defining requirements for master data within an application

Answer

The inability to get the DBAs to provide their table structures

Question 18

Is the data model important in establishing Master Data Management?

Accepted Answer

Yes, Master Data Management needs consistent logical definitions

Answer

No, not if the data model is physically instantiated in multiple platforms

Answer

Only if Master Data Management needs to know the processing steps for all data

Answer

No, within a given source, data representing the same entity can be different

Question 19

In computer programming, data types can be divided into two categories. What are they?

Accepted Answer

Value types and reference types

Answer

Coded types and value types

Answer

Technical types and reference types

Answer

Structured types and reference types

Question 20

Master and reference data are forms of?

Accepted Answer

Data Integration

Answer

Data Security

Answer

Data Quality

Answer

Data Architecture

Question 21

Which of the following statements regarding a value domain is FALSE?

Accepted Answer

Value domains are defined by external standard organizations

Answer

More than one set of reference data value domains may refer to the same conceptual domain

Answer

Conforming value domains across the organization facilitates Data Quality

Answer

A value domain is a set of allowed values for a given code set

Question 22

The "consumer" of master data content received from a Master Data Management platform can also be referred to as a?

Accepted Answer

Subscriber

Answer

System of record

Answer

Master Data Management platform

Answer

Single version of the truth

Question 23

A ____________ is used for detailing collaboration principles, escalation, and dispute resolution process between Master Data Management and its data suppliers?

Accepted Answer

Operational level agreement

Answer

Warranty

Answer

Business requirements document

Answer

Metadata catalog

Question 24

According to the DMBoK, the system that contains the “best version” of the master data is the?

Accepted Answer

System of record

Answer

Source system

Answer

Golden record

Answer

Consuming system

Question 25

Reference data _________?

Accepted Answer

Usually has fewer attributes than master data

Answer

Is also known as external data

Answer

Is more difficult to govern than master data

Answer

Usually has more attributes than master data

Question 26

What is a common motivation for Reference & Master Data Management?

Accepted Answer

The need to improve Data Quality and data integrity across multiple data sources

Answer

The need to build a data dictionary of all core data entities and attributes

Answer

Regulatory acts such as BCBS239, GDPR, and SOX

Answer

The need to consolidate all data into one physical data base

Question 27

Which of these is a valid definition of master data?

Accepted Answer

Data about the business entities that provide context for business transactions

Answer

Data that rarely, if ever, changes

Answer

Data that is only held in one data source

Answer

Data that if missing or incorrect will cause transactions and processes to fail

Question 28

Which of the following is NOT a primary Master Data Management area of focus?

Accepted Answer

Producing read-only versions of key data items

Answer

Identifying duplicate records

Answer

Generating a golden record\best version of the truth

Answer

Providing access to golden data records

Question 29

A strong argument for pursuing a Reference Data and/or Master Data Management initiative is:

Accepted Answer

By centralizing the management of reference and master data, the organization can conform critical data needed for analysis

Answer

Job security for the data people

Answer

It will not require a lot of time or effort

Answer

They are essential functions in the Data Management framework

Question 30

A common driver for initiating a Reference Data Management program is:

Accepted Answer

It will improve Data Quality and facilitate analysis across the organisation

Answer

It can be a one-time-only project

Answer

Managing codes and descriptions requires little effort and low cost

Answer

It will consolidate the process of securing third party code sets

Question 31

Reference Data Management includes defining relationships within and across the organization.

Accepted Answer

true

Answer

false

Question 32

Which one of the following statements is true?

Accepted Answer

Master Data Management requires techniques for splitting or merging an instance of a business entity.

Answer

Managing reference data requires the same activities and techniques as does managing master data.

Answer

Reference data management involves identifying the 'best' or 'golden' record for each domain.

Answer

Business Data Stewards maintain analysis of valid data for master data instances.

Question 33

The term 'Trusted source' refers to 'the best version we have' of the Master Data.

Accepted Answer

true

Answer

false

Question 34

Which step is missing in the Key Processing Steps for MDM image?

Accepted Answer

Data Acquisition

Answer

Data Augmentation

Answer

Date Recovery

Answer

Data Indentification

Question 35

Different types of product Master Data solutions support different business functions. In this context MES stands for....

Accepted Answer

Manufacturing Execution Systems

Answer

Manufacturing Enterprise Solutions

Answer

Mechanical Engineering Services

Answer

Monitoring and Evaluation System

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