Discuss Dama CDMP-RMD Exam Topic 3 Question 45

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

AMaster Data and Unstructured Data

BInternal Data. Physical Schemas

CMaster Data. Reference Data, and External Data

DReference Data and Vendor Data

ESecurity Data and Master Data

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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12 comments · newest first

Bobbie 1 month ago

B seems solid. Internal Data is key for understanding transactions.

Earlean 2 months ago

I lean towards A. Unstructured Data can reveal transaction insights.

Maryrose 2 months ago

I think C is the best choice. Master Data and Reference Data are crucial.

Viki 2 months ago

B) Internal Data and Physical Schemas is also a valid point!

Filiberto 2 months ago

I agree with techSavvy, C makes the most sense.

Bulah 2 months ago

Wait, are we sure about that? Seems like a lot to track!

Paris 2 months ago

I think it's C) Master Data, Reference Data, and External Data.

Chauncey 3 months ago

Definitely A) Master Data and Unstructured Data.

Glory 3 months ago

I vaguely recall that internal data is crucial for transactions, so B could be a contender, but I’m not confident.

Mammie 3 months ago

I feel like I should know this, but I keep mixing up reference data and master data. Maybe it's D?

Abel 3 months ago

I remember practicing a question similar to this, and I think it was about the importance of master data. Could it be A?

Audria 3 months ago

I think the answer might be C, but I'm not entirely sure if external data is really necessary for understanding transactions.

Dama CDMP-RMD Exam - Topic 3 Question 45 Discussion