Dama DMF-1220 Exam Questions
Data Management Fundamentals (Page 16 )

Updated On: 13-Mar-2026

Data stewardship is the least common label to describe accountability and responsibility for data and processes to ensure effective control and use of data assets.

  1. TRUE
  2. FALSE

Answer(s): B



Please select the correct types of data stewards:

  1. Executive Data Steward
  2. Chief Data Steward
  3. Enterprise Data Steward
  4. Business Data Steward
  5. A Data Seller
  6. All of the above

Answer(s): A,B,C,D



Data asset valuation is the process of understanding and calculating the economic value of data to an organisation. Value comes when the economic benefit of using data outweighs the costs of acquiring and storing it, as

  1. TRUE
  2. FALSE

Answer(s): A



Some ways to measure value of data include:

  1. Replacement cost
  2. Market value
  3. Selling Data
  4. Risk cost
  5. Identified opportunities
  6. All of the above

Answer(s): F



Please select the correct General Accepted Information Principles:

  1. Asset Principle
  2. Audit Principle
  3. Due Diligence Principle
  4. Going Concern Principle
  5. Ethical Principle
  6. All of the above

Answer(s): A,B,C,D



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