Data Management Strategies Quiz
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Questions and Answers

What is the purpose of a Single Source of Truth (SSOT) in data management?

  • To maintain separate repositories for customers, suppliers, and product details
  • To create multiple versions of truth (MVOTs) for different business units' needs
  • To contain one authoritative copy of crucial data for accurate and reliable use in defensive and offensive activities (correct)
  • To store diverse and conflicting versions of crucial data to allow for flexibility
  • What is the role of data governance in relation to SSOT?

  • To restrict access to crucial data to specific departments
  • To encourage the existence of multiple versions of truth (MVOTs) for flexibility
  • To create data silos for different business units' needs
  • To ensure accuracy and timeliness of data for reliance in defensive and offensive activities (correct)
  • How is the concept of multiple versions of truth (MVOTs) related to SSOT?

  • MVOTs should be based on SSOT but adapted to different business units' needs (correct)
  • MVOTs should contain conflicting and inaccurate data for flexibility
  • MVOTs are the primary source of data for defensive and offensive activities
  • MVOTs are used to create a single source of truth for all data
  • What is the consequence of not having a Single Source of Truth (SSOT) in an organization?

    <p>The organization may lack understanding of customer and supplier relationships, and may have incorrect details about customers, suppliers, and products</p> Signup and view all the answers

    What is the purpose of Master Data Management (MDM) in relation to SSOT?

    <p>To facilitate the implementation of SSOT by introducing a system to manage crucial data</p> Signup and view all the answers

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