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The following are examples of entities for which you need to manage master data:
Suggested Answer: D
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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.
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18 comments · newest first
VI
Viva
2 months ago
All options have merit, but C feels complete.
NI
Nieves
2 months ago
Agreed, but how can we manage without employee data?
SU
Sunshine
2 months ago
Right, but customer relationships matter most.
VI
Viva
3 months ago
But products and orders are essential for sales.
NI
Nieves
3 months ago
Exactly! Employees drive the transactions.
SU
Sunshine
3 months ago
True, but without customers, there's no business.
VI
Viva
3 months ago
Option E makes sense too. Inventory needs accurate data.
NI
Nieves
3 months ago
I prefer option D. Employees are key in data management.
SU
Sunshine
3 months ago
I think option C is the best. Customer data is crucial.
PA
Paulene
4 months ago
Not sure about E, inventory feels less critical than the others.
JO
Joseph
4 months ago
Totally agree with D, customers and products are crucial!
LI
Lilli
4 months ago
Wait, why isn't Supplier mentioned in any of these? Seems odd!
GE
Gertude
5 months ago
I think B is just as important, especially with account balances.
GE
Georgene
6 months ago
Definitely A and C are key for master data management.
CA
Carolann
6 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.
KA
Kathrine
7 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.
MA
Mable
7 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.
NI
Nina
7 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.