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Dama CDMP-RMD Exam - Topic 8 Question 38 Discussion

The following are examples of entities for which you need to manage master data:
D) Customer, Product, Employee
A) Employee Assignment. Employer. Transaction
B) Party, Account Balance, Order
C) Customer, Transaction, Product
E) Product, Order, Inventory

Dama CDMP-RMD Exam - Topic 8 Question 38 Discussion

Actual exam question for Dama's CDMP-RMD exam
Question #: 38
Topic #: 8
[All CDMP-RMD Questions]

The following are examples of entities for which you need to manage master data:

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Suggested Answer: D

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.


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

CDMP Study Guide

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Gertude
30 days ago
I think B is just as important, especially with account balances.
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Georgene
1 month ago
Definitely A and C are key for master data management.
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Carolann
2 months ago
I remember that 'Customer' and 'Product' are key entities in many scenarios, so I’m leaning towards option D, but I need to double-check my notes on this.
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Kathrine
2 months ago
I believe option B might be correct since it includes 'Party' and 'Account Balance,' which seem important for data management, but I'm not entirely confident.
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Mable
2 months ago
I practiced a similar question about master data management, and I feel like options C and D both have relevant entities, but I can't recall which one is more comprehensive.
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Nina
2 months ago
I think I remember that managing master data is crucial for maintaining consistency across different entities, but I'm not sure which option has the best examples.
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