SOFA-CFE · Question #247
What function within an insurance organization determines the standards, policies, and procedures for managing data?
The correct answer is A. data administration. Data administration is the function responsible for establishing and enforcing the standards, policies, and procedures that govern how an organization manages its data assets - including data quality, access, retention, and governance. Option B (processing system) refers to the…
Question
What function within an insurance organization determines the standards, policies, and procedures for managing data?
Options
- Adata administration
- Bprocessing system
- Ccompleteness
- Dsystem development
How the community answered
(26 responses)- A81% (21)
- B12% (3)
- C4% (1)
- D4% (1)
Explanation
Data administration is the function responsible for establishing and enforcing the standards, policies, and procedures that govern how an organization manages its data assets - including data quality, access, retention, and governance. Option B (processing system) refers to the technical infrastructure that handles data transactions, not policy-setting. Option C (completeness) is a data quality attribute - a measure of whether all required data is present - not an organizational function. Option D (system development) covers building and maintaining software systems, which is a technical discipline separate from data governance.
Memory tip: Think of data administration like HR for data - just as HR sets the rules for how people are managed in an organization, data administration sets the rules for how data is managed.
Community Discussion
No community discussion yet for this question.