Discuss data governance and what needs to be included in a data governance program
What will be an ideal response?
Data governance is a set of processes and procedures aimed at managing the data within an organization with an eye towards availability, integrity and compliance with regulations. Data governance oversees security by providing data access policies. It also provides a mandate for dealing with data issues. A data governance program generally includes the following:
1. Sponsorship from senior management and business units
2. A data steward manager
3. Data stewards
4. A governance committee
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A furniture corporation manufactures two models of furniture—Standard and Deluxe. The total estimated manufacturing overhead costs are $64,300. The following estimates are available:
Standard Deluxe Direct materials cost per unit $240 $280 Direct labor cost per unit $120 $135 Number of units 250 500 The company uses direct labor costs as the base to allocate manufacturing overhead. Calculate the predetermined overhead rate. (Round your answer to two decimal places.) A) 32.15% B) 33.84% C) 190.52% D) 65.95%
Which of the following observations concerning the Fed's discount window is true?
A. The facility is provided to meet DIs' permanent liquidity needs. B. Four lending programs are offered through the Fed's discount window. C. Primary credit is available to sound depository institutions on a very short-term basis. D. Secondary credit is available only to depository institutions that are eligible for primary credit. E. Eligible institutions for seasonal credit are big banks located in urban areas.