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 (A)</p> Signup and view all the answers