Data Management Practices and Responsibilities
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Questions and Answers

What is the primary principle applied by the solution team concerning Personally Identifiable Information (PII)?

  • PII should only be collected after identifying the client’s complete financial background.
  • Collect as much data as possible for future analyses.
  • Only collect PII that is essential for completing payment management services. (correct)
  • All information should be collected regardless of necessity.
  • What action is required if the solution team identifies missing financial contacts from documentation?

  • Send an initial info email request to the authorized recipients. (correct)
  • Delay the task until all contacts are provided.
  • Immediately archive the task and start anew.
  • Contact unrelated departments for assistance in completing the documentation.
  • What is the time frame stipulated for completing a task ID?

  • 60 days maximum. (correct)
  • 30 days maximum.
  • 90 days maximum.
  • No specific timeline is required.
  • Which approach is important for ensuring the correctness of email recipients?

    <p>Double-checking to verify all recipients are authorized.</p> Signup and view all the answers

    Who is responsible for setting up the data entry and ensuring all applicable data is entered?

    <p>Solution team.</p> Signup and view all the answers

    Study Notes

    Solution Team Responsibilities

    • Data entry setup and shell creation
    • Complete data entry for full setup
    • Adheres to data minimization principles
    • Collects only necessary Personally Identifiable Information (PII) for payment management services
    • 60-day timeline for task completion
    • Contacts stakeholders for missing information
    • Implements a double-check policy to verify recipient authorization

    Data Minimization and PII

    • Collect only essential PII for payment management
    • Avoid unnecessary data collection

    Task Completion

    • 60 days maximum for task completion (task ID)
    • Solution team proactively identifies and addresses missing information

    Communication and Verification

    • Double-check policy required for email recipients
    • Initial information email only needed if financial contacts are missing from documentation

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    Description

    This quiz covers essential practices regarding data entry setup, data minimization principles, and the importance of collecting only necessary personally identifiable information (PII) for payment management services. You will also learn about task completion timelines and communication protocols to ensure verification and authorization. Test your knowledge on effective data management strategies.

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