Chapter 5: DATA MANAGEMENT QUIZ

1. Data Management is the process of collecting, organizing, maintaining and storing data?
a. True
b. False
2. It is a key component of data management where data is securely stored in a centralized database.
a. Data Collection
b. Data Storage
c. Data Organization
d. Data Maintenance
3. It is a key component of data management where data are categorized into sales reports, customer
profiles, and product inventory.
a. Data Collection
b. Data Storage
c. Data Organization
d. Data Maintenance
4. A user who use data to make a decision about the whole business.
a. Corporate Executive
b. Business Manager
c. End User
d. Start User
5. A user who work in different parts of the company.
a. Corporate Executive
b. Business Manager
c. End User
d. Start User
6. It is an open-source data base system that is useful to small and medium sized businesses.
a. Microsoft SQL Server
b. PostgreSQL
c. Oracle
d. MySQL
7. It is highly scalable and performant commercial database system.
a. Microsoft SQL Server
b. PostgreSQL
c. Oracle
d. MySQL
8 - 10. Give 3 ways on ow to safe guard your data.
a. Regular Data Backups
b. Data Redundancy
c. On-Site and Off-Site Backups
d. Cloud Backup Solutions
e. Disaster Recovery Plan
f. Test Restores
g. Ransomware Protection
h. Data Classification
i. Encrypted Backups
j. Backup Monitoring and Alerts
11. It is a type of data management system that is designed to enable and support business intelligence
(BI) activities, especially analytics.
a. Amazon Redshift
b. Snowflakes
c. Data Warehousing
d. Firewall
12. It enables data storage, processing, and analytic solutions that are faster, easier to use, and far more
flexible than traditional offerings.
a. Amazon Redshift
b. Snowflakes
c. Data Warehousing
d. Firewall

13. It describes the process of creating and storing copies of data that can be used to protect organizations
against data loss. This is sometimes referred to as operational recovery.
a. Data Security
b. Data Recovery
c. Data Management and Recovery
d. Data Management

14 - 15. Give 2 causes of data loss.

a. Hardware or software failure
b. Human caused event
c. Data corruption
d. Accidental deletion
16. It is a data management practice of merging data from different sources to effectively understand the
overall trend.
a. Data Cleaning
b. Data Integration
c. Data Security
d. Data Recovery

17. It is a data management practice of getting rid of mistakes like duplicate customer information.
a. Data Cleaning
b. Data Integration
c. Data Security
d. Data Recovery

18 - 20. Explain the importance of data management in business. (Possible answer but not limited to)
Effective data management is crucial in business, particularly in accountancy, as it forms the
backbone of informed decision-making and financial stability. In the realm of accountancy, accurate and
timely data is essential for preparing financial statements, assessing the financial health of a company,
and complying with regulatory requirements. Proper data management ensures the integrity and reliability
of financial information, reducing the risk of errors and fraud. Additionally, it facilitates efficient auditing
processes, enabling businesses to demonstrate transparency and accountability. Beyond compliance, well-
managed data provides valuable insights for strategic planning, budgeting, and forecasting. In a digital
age where vast amounts of data are generated daily, businesses that prioritize robust data management
systems gain a competitive edge by enhancing their agility, adaptability, and overall organizational
performance.