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Dama CDMP-RMD Exam - Topic 3 Question 45 Discussion

Within the Corporate Information Factory, what data is used to understand transactions?
C) Master Data. Reference Data, and External Data
A) Master Data and Unstructured Data
B) Internal Data. Physical Schemas
D) Reference Data and Vendor Data
E) Security Data and Master Data

Dama CDMP-RMD Exam - Topic 3 Question 45 Discussion

Actual exam question for Dama's CDMP-RMD exam
Question #: 45
Topic #: 3
[All CDMP-RMD Questions]

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

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Suggested Answer: C

In the context of the Corporate Information Factory, understanding transactions involves integrating various types of data to get a comprehensive view. Master Data (core business entities), Reference Data (standardized information), and External Data (information sourced from outside the organization) are essential for providing context and enriching transactional data.


DAMA-DMBOK: Data Management Body of Knowledge (2nd Edition), Chapter 3: Data Architecture and Chapter 11: Reference and Master Data Management.

'Building the Data Warehouse' by W.H. Inmon, which introduces the Corporate Information Factory concept.

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Abel
4 days ago
I remember practicing a question similar to this, and I think it was about the importance of master data. Could it be A?
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Audria
9 days ago
I think the answer might be C, but I'm not entirely sure if external data is really necessary for understanding transactions.
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