Which of the following is NOT an example of Master Data?
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)'
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