CDS Metadata & Master Data Management

Question 1

What is metadata in the context of data management?

Accepted Answer

Information about data such as its source, format, and usage

Answer

The raw data used in reports

Answer

An advanced form of data encryption

Answer

The storage format of archived data

Question 2

Why is master data important in an organization?

Accepted Answer

It serves as a single source of truth for key business entities

Answer

It is only used in legacy systems

Answer

It eliminates the need for reporting

Answer

It is primarily used for social media tracking

Question 3

Which of the following best describes metadata management?

Accepted Answer

Maintaining and organizing metadata for effective use

Answer

Managing large data files for backups

Answer

Controlling access to software licenses

Answer

Analyzing internet traffic logs

Question 4

What role does master data play in data integration?

Accepted Answer

It helps align data definitions and avoid inconsistencies

Answer

It causes duplication across departments

Answer

It is unrelated to data integration

Answer

It is only used for email campaigns

Question 5

Which tool is commonly used in managing metadata?

Accepted Answer

Metadata repositories or data catalogs

Answer

Antivirus software

Answer

Firewall configuration tools

Answer

Video editing software

Question 6

What is the relationship between master data and transactional data?

Accepted Answer

Master data supports and contextualizes transactional data

Answer

They are the same type of data

Answer

Transactional data overrides master data

Answer

Master data is deleted after each transaction

Question 7

Why is a data dictionary important?

Accepted Answer

It ensures standardized definitions and formats across systems

Answer

It encrypts data during transmission

Answer

It stores images and videos

Answer

It tracks website traffic

Question 8

Which challenge is common in master data management?

Accepted Answer

Data duplication and inconsistency

Answer

Too few data sources

Answer

Excess metadata formats

Answer

Limited user interface options

Question 9

How can organizations ensure effective metadata and master data management?

Accepted Answer

Establish data governance and leverage supporting tools

Answer

Avoid documenting data processes

Answer

Isolate data teams from business units

Answer

Use manual spreadsheets for large data sets