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DAMA Reference And Master Data Management Exam Sample Questions (Q47-Q52):

NEW QUESTION # 47
A division of power approach to master data governance provides the benefit of:

A. Centralizing responsibility
B. Better alignment of decisions based on varying levels of organizational data sharing
C. Spreads the blame for bad decisions
D. Lower expense
E. Facilitating a decision by committee model

Answer: B

Explanation:
* Division of Power in Data Governance:This approach distributes decision-making authority across different levels or areas within the organization.
* Benefits:
* Better alignment of decisions:By distributing power, decisions can be made that are better suited to the specific needs and contexts of different parts of the organization. This ensures that decisions about data management are relevant and effective for each particular area.
* Avoids centralization issues:Centralized decision-making can often be disconnected from the needs of different departments or functions.
* Improved responsiveness:
Decentralized governance can enable faster and more contextually appropriate responses to data management issues.
* Other Options Analysis:
* Spreads the blame for bad decisions:This is not a strategic benefit but rather a negative consequence.
* Centralizing responsibility:This contradicts the concept of division of power.
* Lower expense:While decentralization might lead to better decision-making, it doesn't inherently mean lower costs.
* Facilitating a decision by committee model:This can lead to slower decision-making processes and isn't the primary benefit of a division of power.
* Conclusion:The key benefit of a division of power approach in master data governance is the better alignment of decisions based on varying levels of organizational data sharing.
References:
* DMBOK Guide, sections on Data Governance and Organizational Structures.
* CDMP Examination Study Materials.

NEW QUESTION # 48
Managing master data elements can be performed at which of the following points?

A. Third-party Provider (e.g. D&B)
B. Application Suite (e.g. ERP)
C. Enterprise
D. All Answers are correct

Answer: D

Explanation:
Managing master data elements can be performed at multiple levels within an organization. This includes third-party providers such as Dun & Bradstreet (D&B) which can supply enriched and standardized master data. At the enterprise level, organizations manage master data centrally to ensure consistency and quality across all systems and processes. Within application suites suchas ERP (Enterprise Resource Planning) systems, master data management ensures that data is consistent and accurate within and across different applications. Therefore, master data elements can be managed at all these points.
References:
* DAMA-DMBOK2 Guide: Chapter 10 - Master and Reference Data Management
* "The Data Warehouse Toolkit: The Definitive Guide to Dimensional Modeling" by Ralph Kimball

NEW QUESTION # 49
Which of the following is NOT an example of Master Data?

A. A list of account codes
B. A categorization of products
C. Currency codes
D. Planned control activities
E. A list of country codes

Answer: D

Explanation:
Planned control activities are not considered master data. Here's why:
* Master Data Examples:
* Categories and Lists: Master data typically includes lists and categorizations that are used repeatedly across multiple business processes and systems.
* Examples: Product categories, account codes, country codes, and currency codes, which are relatively stable and broadly used.
* Planned Control Activities:
* Process-Specific: Planned control activities pertain to specific actions and checks within business processes, often linked to operational or transactional data.
* Not Repeated Data: They are not reused or referenced as a stable entity across different systems.
* References:
* Data Management Body of Knowledge (DMBOK), Chapter 7: Master Data Management
* DAMA International, "The DAMA Guide to the Data Management Body of Knowledge (DMBOK)"

NEW QUESTION # 50
Master Data is similar to a physical product produced and sold by a company except for which of the following characteristics?

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

Answer: B

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 # 51
MOM Harmonization ensures that the data changes of one application:

A. include changes to the configuration of the database as well as the data
B. Has a data steward to preview the data for quality
C. Are synchronized with all other applications who depend on that data
D. Are recorded in the repository or data dictionary
E. Agree with the overall MDM architecture

Answer: C

Explanation:
Master Data Management (MDM) Harmonization ensures that the data changes of one application are synchronized with all other applications that depend on that data.
* MDM Harmonization Definition:This process involves aligning and reconciling data from different sources to ensure consistency and accuracy across the enterprise.
* Synchronization:Ensuring that changes in one application are reflected across all dependent applications prevents data inconsistencies and maintains data integrity.
References:
* DAMA-DMBOK: Data Management Body of Knowledge, 2nd Edition.
* CDMP Study Guide

NEW QUESTION # 52
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