ISO 55000/ 55001/ 550012/ 550013 For Data as Asset

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Questions 1–10 of 10

1. What do the ISO 55000 series standards provide guidance on?
Question 1A. Country codes for international transactionsB. Managing assets effectively within an organisation, including treating data as a valuable assetC. Bank capital adequacy requirementsD. Metadata registration for data elementsE. Network security protocols
2. How does ISO 55000 encourage organisations to view data?
Question 2A. As a strategic asset that enhances decision quality, mitigates risk and optimises asset performanceB. As a disposable by-product of operationsC. As something to be deleted after each reporting cycleD. As relevant only to IT departmentsE. As a liability to be minimised
3. What does ISO 55001 provide?
Question 3A. A list of country names and codesB. A set of encryption algorithmsC. A comprehensive framework to establish, implement and continually improve asset management systemsD. A standard for chatbot infrastructureE. Rules for bank stress testing
4. Across which span of the asset lifecycle does ISO 55001 call for systematic data management?
Question 4A. Only during acquisitionB. Only during disposalC. Only during annual auditsD. From acquisition to disposalE. Only while the asset is under warranty
5. What is the focus of the new ISO 55012 guidance?
Question 5A. Country codesB. Metadata registriesC. Bank capital ratiosD. Digitising paper archivesE. People involvement and competence, including how people manage data, information and knowledge in asset management
6. What is the title of the new ISO 55013 guidance?
Question 6A. Guidance on the Management of Data AssetsB. Guidance on Country CodesC. Guidance on Metadata RegistrationD. Guidance on Banking SupervisionE. Guidance on Digital Transformation
7. Which of the following is one of the primary clauses of ISO 55013?
Question 7A. Calculating Capital AdequacyB. Delivering Value from Asset DataC. Assigning Alpha-2 CodesD. Registering Data ElementsE. Scanning Analogue Documents
8. In the ISO 55000 series, how is efficiency distinguished from effectiveness in data management?
Question 8A. Efficiency means storing more data, effectiveness means storing lessB. Efficiency applies to hardware, effectiveness applies to softwareC. Efficiency means handling data right, effectiveness means using the right dataD. Efficiency is measured annually, effectiveness monthlyE. There is no distinction between them
9. Which of the following is NOT listed as a reason the ISO 55000 series matters for data?
Question 9A. Efficiency, reducing waste and unnecessary costsB. Risk management for reliable and secure data operationsC. Consistency through standardised practices and terminologyD. Guaranteeing that data never needs to be deletedE. All of these are listed reasons
10. In the video game analogy for the ISO 55000 series, what do the guidelines help creators do?
Question 10A. Set the price of the gameB. Design the game's charactersC. Choose a publisherD. Advertise the game to playersE. Take care of the game's data from creation until it is no longer used, including fixing bugs and deciding when to update or replace it