Master Data Management resolves uncertainty by clearly stating that;

Master Data Management resolves uncertainty by clearly stating that;
A . To have master data you must focus resources properly
B . Some entities [master entities) are more important than others
C . Only those entities in the Enterprise Data Model are considered Master Data.
D . All entities arc equal across an enterprise and need to be managed
E . Data elements must be stored in a repository before they are considered master data

View Answer

Answer: B

Explanation:

Master Data Management (MDM) aims to establish a single, reliable source of key business data (master data). The correct answer here is B, which states that "Some entities [master entities) are more important than others."

Definition of Master Data: Master data refers to the critical data that is essential for operations in a business, such as customer, product, and supplier information.

Significance in MDM: MDM focuses on identifying and managing these key entities because they are vital for business processes and decision-making. This is why these entities are considered more important than others.

Resolution of Uncertainty: By emphasizing the importance of master entities, MDM reduces ambiguity around which data should be prioritized and managed meticulously, ensuring consistency and accuracy across the enterprise.

Reference: DAMA-DMBOK: Data Management Body of Knowledge, 2nd Edition.

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