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DAMA Reference And Master Data Management Exam Sample Questions (Q50-Q55):

NEW QUESTION # 50
What item listed will be determined by Reference & Master Data governance processes?

* A. None of these
* B. Total cost of ownership
* C. Data sharing volume and usage
* D. Service level agreements
* E. Data change activity
Answer: E

Explanation:
Reference and Master Data Management (RMDM) governance processes are designed to manage and ensure the accuracy, consistency, and quality of critical data assets across an organization. These processes focus on defining, maintaining, and governing the shared data entities and attributes that are essential for various business processes. One of the key aspects governed by RMDM is "Data change activity."
* Reference and Master Data Definition:
* Reference data is a subset of master data used to classify or categorize other data within an organization. It typically includes codes and descriptions.
* Master data refers to the critical business information regarding the core entities around which business is conducted, such as customers, products, employees, and suppliers.
* Data Change Activity:
* This involves tracking and managing the changes made to master and reference data over time.
The governance processes ensure that any changes to this data are properly authorized, recorded, and communicated to relevant stakeholders.
* Managing data change activity includes monitoring modifications, updates, additions, and deletions of reference and master data.
* Importance in Governance:
* Effective governance of data change activity ensures that the integrity and quality of master data are maintained. It prevents unauthorized changes that could lead to data inconsistencies and inaccuracies.
* It supports audit trails and compliance with regulatory requirements by providing transparency and accountability for data changes.

NEW QUESTION # 51
Which of the following is a method of deterministic matching?

* A. Phonetic
* B. Editing Distance
* C. Exact string match
* D. Sorted Neighborhood
* E. Regional Frequency
Answer: C

Explanation:
Deterministic matching is a method of record linkage that relies on exact matching criteria. This means that records are considered a match if certain key fields (e.g., name, Social Security Number) have exactly the same values. Exact string match is a straightforward example of deterministic matching, where the strings in specific fields must be identical for a match to be declared. Other methods like sorted neighborhood, regional frequency, editing distance, and phonetic matching are probabilistic or heuristic approaches that allow for some degree of variation or error in the data.
References:
* DAMA-DMBOK2 Guide: Chapter 10 - Master and Reference Data Management
* "Entity Resolution and Information Quality" by John R. Talburt

NEW QUESTION # 52
Authoritative listings of Master Data entities such as companies, people, and products are known as:

* A. Reference directories
* B. Entity directories
* C. Industry directories
* D. Source directories
* E. Canonical directories
Answer: A

Explanation:
Authoritative listings of master data entities are essential for ensuring data accuracy and consistency across an organization.
* Canonical Directories:
* This term refers to standardized data models but is not typically used to describe authoritative listings of master data entities.
* Entity Directories:
* While this term could be used, it is not the most accurate or commonly used term for authoritative listings.
* Reference Directories:
* Reference directories are authoritative lists of master data entities such as companies, people, and products. They provide standardized, trusted, and verified data that organizations can rely on.
* These directories ensure that everyone in the organization uses consistent and accurate data, supporting data quality and governance efforts.
* Industry Directories:
* These directories provide information specific to an industry but are not necessarily authoritative lists of master data entities.
* Source Directories:
* This term does not specifically refer to authoritative master data listings.

NEW QUESTION # 53
Master Data is similar to a physical product produced and sold by a company except for which of the following characteristics?

* A. Must fit the consumers' required use
* B. Unavailability may impact the business
* C. Need for information about its characteristics
* D. Depletes when pulled from inventory
* E. Has a useful life span
Answer: D

Explanation:
Master Data, similar to a physical product, must meet certain requirements such as fitting consumers' needs, needing information about its characteristics, impacting business when unavailable, and having a useful lifespan. However, unlike physical products, Master Data does not deplete when pulled from inventory.
Master Data remains available for use even after being accessed multiple times, as it is digital information that can be replicated and shared without loss.
References:
* DAMA-DMBOK: Data Management Body of Knowledge (2nd Edition), Chapter 11: Reference and Master Data Management.
* "Master Data Management and Data Governance" by Alex Berson and Larry Dubov.

NEW QUESTION # 54
What MDM style allows data to be authored anywhere?

* A. Coexistence
* B. Consolidation
* C. Persistent
* D. Registry style
* E. Centralized style
Answer: A

Explanation:
Master Data Management (MDM) styles define how and where master data is managed within an organization. One of these styles is the "Coexistence" style, which allows data to be authored and maintained across different systems while ensuring consistency and synchronization.
* Coexistence Style:
* The coexistence style of MDM allows master data to be created and updated in multiple locations or systems within an organization.
* It supports the integration and synchronization of data across these systems to maintain a single, consistent view of the data.
* Key Features:
* Data Authoring: Data can be authored and updated in various operational systems rather than being confined to a central hub.
* Synchronization: Changes made in one system are synchronized across other systems to ensure data consistency and accuracy.
* Flexibility: This style provides flexibility to organizations with complex and distributed IT environments, where different departments or units may use different systems.
* Benefits:
* Enhances data availability and accessibility across the organization.
* Supports operational efficiency by allowing data updates to occur where the data is used.
* Reduces the risk of data silos and inconsistencies by ensuring data synchronization.

NEW QUESTION # 55
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