Exam DMF topic 1 question 17 discussion

Data that is shared across multiple business processes, areas, and systems falls under Reference Data and Master Data: Reference Data: Defines standard values used across systems, such as country codes, currency codes, and product categories. Master Data: Represents core business entities like customers, products, employees, and suppliers, ensuring consistency across systems.

Data that is shared across multiple business processes, areas, and systems falls under Reference Data and Master Data: Reference Data: Defines standard values used across systems, such as country codes, currency codes, and product categories. Master Data: Represents core business entities like customers, products, employees, and suppliers, ensuring consistency across systems. Why the other options are incorrect: A. Event Data → Incorrect. Event data is transactional data generated from business activities (e.g., sales transactions, logs). B. A Data Mart → Incorrect. A Data Mart is a subset of a data warehouse, not data required across business processes. C. Static Data → Incorrect. While static data does not change often, it does not necessarily mean it is shared across business areas. E. Important Data → Incorrect. This is not a technical term in data management.