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Reference And Master Data Management Exam Question and Answers

Reference And Master Data Management Exam

Last Update Dec 14, 2024
Total Questions : 100

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Questions 1

Management of Reference and Master data is aimed to reduce cost and risk of having disparate data mainly caused by:

Options:

A.  

Organicgrowth of systems and data, isolated systems, mergers and acquisitions

B.  

High number of legacy applications and lack of expertise to evolve or replace them

C.  

Lack of appropriate processes to assure data availability and accuracy

D.  

Migration to new technology platforms and evolution of landscape

E.  

Poor or non-existent data documentation available for developers and business analysts

Discussion 0
Questions 2

All of the following methods arc a moans to protect and secure master data In a production environment except for which of the following?

Options:

A.  

Encryption ciphers

B.  

Static masking

C.  

Trust Model Technologies

D.  

Usage Agreements

E.  

Dynamic Masking

Discussion 0
Questions 3

Within the Corporate Information Factory, what data is used to understand transactions?

Options:

A.  

Master Data and Unstructured Data

B.  

Internal Data. Physical Schemas

C.  

Master Data. Reference Data, and External Data

D.  

Reference Data and Vendor Data

E.  

Security Data and Master Data

Discussion 0
Questions 4

The 'consumer of master data content received from a MDM platform can also be referred to as a:

Options:

A.  

Metadata repository

B.  

System of record

C.  

Single version of the truth

D.  

Subscriber

E.  

MDM platform

Discussion 0
Questions 5

Can Reference data be used for financial trading?

Options:

A.  

No because customer data is not considered reference data

B.  

No. reference data is static, financial data trading is dynamic

C.  

No. since financial trades change every second they cannot use reference data

D.  

Yes. but only less than 1096 can be used

E.  

Yes. an estimated 70% of data being used in financial transactions is reference data

Discussion 0
Questions 6

The MDM program's governance scope should include:

Options:

A.  

Internal data subscribers to the master data

B.  

Master Data authored in the MDM user interface

C.  

External third parties using Master Data

D.  

Data sources of the master data Q All of the above

Discussion 0
Questions 7

What data architecture component is typically used for ingesting raw source system data?

Options:

A.  

Integration Zone

B.  

Landing Zone

C.  

Curation Zone

D.  

Presentation Zone

E.  

Analytics Zone

Discussion 0
Questions 8

Reference and Master data ran be stored in separate repositories:

Options:

A.  

True

B.  

False

Discussion 0
Questions 9

_____ are a primary supplier of master data content to a MDM program.

Options:

A.  

Configuration management database (CMDB)

B.  

Systems of record

C.  

Business intelligence applications

D.  

Data catalog

E.  

Point of sale systems

Discussion 0
Questions 10

Depending on the granularity and complexity of what the Reference Data represents. it may be structured as a simple list, a cross-reference or a taxonomy.

Options:

A.  

True

B.  

False

Discussion 0
Questions 11

The Data Architecture design of an MDM solution must resolve where to leverage what type of relationships?

Options:

A.  

Traceable relationships and/or lineage relationships

B.  

Data Acquisition relationships

C.  

Affiliation relationships and/or parent-child relationships

D.  

Hub and spoke relationships

E.  

Ontology relationships and/or epistemologyrelationships

Discussion 0
Questions 12

MOM is most accurately and comprehensively defined in which of the following definitions?

Options:

A.  

Processes that maintain master data

B.  

The integration of systems of record that can be leveraged by a governance program

C.  

The creation of a single instance of an attribute across the enterprise as the version of the truth

D.  

A technology foundation for the management of key business entities

E.  

Governed processes enabled by people and technologies providing Master Data that is understood, trusted, controlled, and fit-for-purpose

Discussion 0
Questions 13

Which of these metrics can be used to measure metadata documentation quality?

Options:

A.  

Random survey based on Enterprise definition of quality

B.  

Currency of metadata in the repository

C.  

Collision Logic on two sources measuring how much they match

D.  

All of these

E.  

Percentage of attributes that have definitions

Discussion 0
Questions 14

The Master Data hub environment that serves as the system of record tor Master Data is:

Options:

A.  

SOA

B.  

Two-Speed Hub

C.  

Consolidated Hub

D.  

Source Hub

E.  

Registry

Discussion 0
Questions 15

The Reference Data Change Request Process does NOT include which of the following subprocesses:

Options:

A.  

Decide and Communicate

B.  

Identify Stakeholder

C.  

Receive Change Request

D.  

Identify Impact

E.  

Monitor Database Change

Discussion 0
Questions 16

What is a Canonical Data Model?

Options:

A.  

Used for data replication

B.  

Data that is not used frequently is moved to the Canonical model

C.  

A common data modelwhich standardizes the format in which data will be shared

D.  

An alternate data structure which is less costly to the organization

E.  

Used in a transactional operating environment

Discussion 0
Questions 17

Can the kinds of information treated as master data vary from one industry to another and even from one company to another within the same industry?

Options:

A.  

Yes. each industry and/or company has their own core master data

B.  

No. master data for an industry is always standardized

C.  

No. master data is always the same kind of information

Discussion 0
Questions 18

Which of the following is NOT a possible outcome of a probabilistic matching algorithm?

Options:

A.  

Likely Match

B.  

Non- match

C.  

None of answers are correct (

D.  

Underminable match

E.  

Match

Discussion 0
Questions 19

Master Data Curation is used for improving the overall quality of the data throughout the business by doing the following:

Options:

A.  

Providing a look up service for definitions

B.  

Recording who owns the data

C.  

Performing a data audit

D.  

Creating a map of the enterprise data stores

E.  

De-duplication of data.

Discussion 0
Questions 20

Sharing of Reference and Master data across an enterprise requires which of the following?

Options:

A.  

A staging area as an intermediate data store

B.  

Maintaining and storing history records

C.  

Collaboration between multiple parties internal to the organization

D.  

Identification of the business key and surrogate keys

E.  

Creation of foreign keys to support dimensions

Discussion 0
Questions 21

Does anorganizationhave to agree to a single definition for Master Data?

Options:

A.  

No. master data can have many definitions

B.  

Yes. the key thing is to agree on a standard definition

C.  

No. technical data may have many definitions depending on the vendor

D.  

No. each department can have their own definitions for master data

E.  

No. financial data is master data but the definition is always changing

Discussion 0
Questions 22

Which of the following is a method of deterministic matching?

Options:

A.  

Sorted Neighborhood

B.  

Regional Frequency

C.  

Editing Distance

D.  

Phonetic

E.  

Exact string match

Discussion 0
Questions 23

The following is a technique thatyou can find useful when implementing your Reference and Master program:

Options:

A.  

Business key cross references

B.  

Root Cause Analysis

C.  

Process Management

D.  

None of the answers is correct

E.  

Extract Transformation Load (ETL)

Discussion 0
Questions 24

The ISO definition of Master Data quality is which of the following?

Options:

A.  

Data meets the objective dimensions but not the subjective dimensions

B.  

Data meets all common requirements of all data users

C.  

Data is compliant to all international, country, and industry standards

D.  

The degree to which the data's characteristics fulfill individual users' requirements

E.  

Identifies the company that created and owns the Master Data

Discussion 0
Questions 25

What is the critical need of any Reference & Master Data effort?

Options:

A.  

Funding

B.  

Metadata

C.  

Project Management

D.  

Executive Sponsorship

E.  

ETL toolset

Discussion 0
Questions 26

Matching or candidate identification is the process called similarity analysis. One approach is called deterministic which relies on:

Options:

A.  

Statistical techniques for assessing the probability that any pair of records represents the same entity

B.  

Taking data samples and looking at results for a subset of the records

C.  

Being able to determine the similarity between two data models

D.  

Algorithms for parsing and standardization and on defined patterns and rules for determining similarity

E.  

Finding two references that are linked with a single entity

Discussion 0
Questions 27

Managing master data elements can be performed at which of the following points?

Options:

A.  

Third-party Provider (e.g. D&B)

B.  

Enterprise

C.  

Application Suite (e.g. ERP)

D.  

All Answers are correct

Discussion 0
Questions 28

These are two metrics you must produce totrackthe effectiveness of your Reference and Master Data Program:

Options:

A.  

Data model Validation and Measurement

B.  

Value and sustainability

C.  

Data Quality and Security Incident Metrics

D.  

Data Quality and Data Consumption

Trends in implementation and Access Control

Discussion 0
Questions 29

MOM Harmonization ensures that the data changes of one application:

Options:

A.  

Are synchronized with all other applications who depend on that data

B.  

Are recorded in the repository or data dictionary

C.  

Agree with the overall MDM architecture

D.  

include changes to the configuration of the database as well as the data

E.  

Has a data steward to preview the data for quality

Discussion 0
Questions 30

A division of power approach to master data governance provides the benefit of:

Options:

A.  

Better alignment of decisions based on varying levels of organizational data sharing

B.  

Spreads the blame for bad decisions

C.  

Centralizing responsibility

D.  

Lower expense

E.  

Facilitating a decision by committee model

Discussion 0