Master data management (MDM) is the practice of gathering data and ensuring that it is uniform, accurate, consistent, and complete, including such entities as customers, suppliers, products, sales, employees, and other critical entities that are commonly integrated across organizational systems. MDM is commonly included in data governance.
Answer the following statement true (T) or false (F)
True
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Firms such as General Motors and McDonald's actively collect information about customer preferences and try to address them in their new products. General Motors and McDonald's are actively trying to adapt to
A. shareholder, customer, and market changes. B. social and political pressures. C. human resource concerns. D. managers' behavior. E. technological advancements.
Different cost concepts and classifications are used for different purposes.
Answer the following statement true (T) or false (F)
If you find a red-circle rate in a particular pay level, you should probably:
A. not allow the person to get any new raises because they are already being paid too much. B. recheck your figures because you have a miscalculation in your salary computations. C. move the person up to at least the bottom of the pay level for their job. D. broadband the pay scale to put them in the boundary for that job. E. promote the individual because it is obvious that they work harder than others in their department.
Which specialized part of the practice deals with an organization's "number one public" and its "most important asset"?
A. Product publicity D. Product advertising B. Sales promotion E. Issues management C. Internal relations