The following are examples of entities for which you need to manage master data:
A . Employee Assignment. Employer. Transaction
B . Party, Account Balance, Order
C . Customer, Transaction, Product
D . Customer, Product, Employee
E . Product, Order, Inventory
Answer: D
Explanation:
Entities such as Customer, Product, and Employee are typical examples of master data that need to be managed.
Master Data Entities: These are the key data objects around which business transactions are
conducted.
Examples:
Customer: Central to sales and service operations.
Product: Essential for inventory and sales management.
Employee: Critical for HR and payroll systems.
Reference: DAMA-DMBOK: Data Management Body of Knowledge, 2nd Edition.
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