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Which of the following is NOT an example of Master Data?
Suggested Answer: C
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Planned control activities are not considered master data. Here's why:
Master Data Examples:
Categories and Lists: Master data typically includes lists and categorizations that are used repeatedly across multiple business processes and systems.
Examples: Product categories, account codes, country codes, and currency codes, which are relatively stable and broadly used.
Planned Control Activities:
Process-Specific: Planned control activities pertain to specific actions and checks within business processes, often linked to operational or transactional data.
Not Repeated Data: They are not reused or referenced as a stable entity across different systems.
Data Management Body of Knowledge (DMBOK), Chapter 7: Master Data Management
DAMA International, 'The DAMA Guide to the Data Management Body of Knowledge (DMBOK)'
42 comments · newest first
JO
Jose
11 months ago
I’m surprised that categorization is considered Master Data.
ES
Estrella
11 months ago
Wait, are currency codes really not Master Data?
RY
Ryan
11 months ago
Planned control activities? Not Master Data for sure!
YU
Yuriko
12 months ago
I think a list of account codes counts too.
EV
Evangelina
12 months ago
A categorization of products is definitely Master Data.
AL
Alfred
12 months ago
I feel like all of these could be important, but I can't recall if categorization of products is really classified as master data.
YA
Yasuko
1 year ago
I practiced a similar question, and I think currency codes are considered master data. So maybe planned control activities are the odd one out?
LE
Leota
1 year ago
I think a list of account codes is definitely master data, but I'm a bit confused about the categorization of products.
GO
Goldie
1 year ago
I remember that master data usually includes key business entities, but I'm not sure if planned control activities fit that definition.
AL
Alberto
1 year ago
Ah, I see what they're getting at here. Planned control activities wouldn't be considered master data since that's more related to internal controls, not the core reference data. I'll go with that as my answer.
KA
Kate
1 year ago
Okay, let me think this through. Master data is typically reference data that's used across the organization, like product codes, customer info, and employee records. I'll try to eliminate the options that fit that description.
TA
Tamie
1 year ago
Hmm, I'm a bit unsure about this one. I know master data is the core data that's critical to an organization, but I'm not totally clear on the specific types that would be considered master data.
DA
Davida
1 year ago
This looks like a straightforward question on master data. I'll focus on identifying the key characteristics of master data to determine which option is not an example.
RO
Roosevelt
1 year ago
Ah, I got this! The answer is A - "tkg apply -c containerName" is the correct syntax to deploy a vSphere Pod.
BA
Barrie
1 year ago
Hmm, I'm a little unsure about this one. I know SSH is used for secure remote access, but I'm not sure if that applies to web traffic. Let me think this through...
JA
Janey
1 year ago
Okay, I think I've got this. The key is to navigate to the right sections, find the Financial Reporting account, and set the Reporting currency exchange rate type to Current. As long as I follow the steps carefully, I should be able to complete this task without any issues.
TA
Tawna
1 year ago
I remember we discussed how overfitting can happen when the model performs too well on the training data but fails on new data. Maybe we should consider regularization methods?
DE
Deangelo
2 years ago
Wait, are they testing our knowledge of accounting terms or just our common sense? Planned control activities, really?
HE
Helaine
2 years ago
I'm torn between A and B, but I think A is the best answer. Product categorization is definitely master data.
EL
Eliz
2 years ago
Yeah, I think planned control activities is the correct answer.
CA
Carman
2 years ago
I agree, product categorization is definitely master data.
LO
Loren
2 years ago
Planned control activities are more related to operational data that changes frequently, unlike Master Data which is more static and reference-like.
WI
Willow
2 years ago
I'm not sure about this. Can someone explain why C) Planned control activities is not considered Master Data?
VI
Viva
2 years ago
I agree with Alfred. Master Data is more about static reference data like A) categorization of products or D) A list of country codes.
CA
Catherin
2 years ago
Hmm, E seems like the obvious choice. Currency codes are classic master data, used in finance and accounting.
LA
Lavelle
2 years ago
I see your point, but I still think E is the odd one out. Currency codes are definitely considered Master Data.
RE
Refugia
2 years ago
Actually, I believe the correct answer is C. Planned control activities are not part of Master Data.
CA
Carmen
2 years ago
I think C is the answer, planned control activities are not typically considered Master Data.
NE
Nenita
2 years ago
I agree, E is definitely not the correct answer.
LU
Luis
2 years ago
I'm going with D. Country codes are definitely master data, they're essential for business operations.
LI
Linwood
2 years ago
I agree with you, C seems like the right choice.
MA
Maryann
2 years ago
I think C is the correct answer. Planned control activities are not considered Master Data.
AL
Alfred
2 years ago
I think C) Planned control activities is not an example of Master Data.
IE
Iesha
2 years ago
Option C seems a bit out of place here. Planned control activities? That's more like an internal control, not master data.
LY
Lynelle
2 years ago
Yeah, I would go with option C as well. It doesn't fit the definition of master data.
VI
Vincent
2 years ago
Definitely, planned control activities are not typically considered master data.
GL
Glen
2 years ago
I agree, option C does seem out of place. It's more related to internal controls.
IS
Isaac
2 years ago
E) Currency codes
FR
Francoise
2 years ago
D) A list of country codes
WE
Wenona
2 years ago
C) Planned control activities
EN
Enola
2 years ago
B) A list of account codes
ER
Eric
2 years ago
A) A categorization of products