Free Dama DMF-1220 Exam Braindumps (page: 20)

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



Data governance program must contribute to the organization by identifying and delivering on specific benefits.

  1. TRUE
  2. FALSE

Answer(s): A






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