Question

Reference data can also be used in the following manner: (Select all that apply).

a. Reference data is restricted to one code value per asset
b. Align product codes to the products within the organization
c. Hierarchies can be built to demonstrate code value impact
d. All of the above

Answer 1

Reference data can be used for multiple purposes, including aligning product codes and building hierarchies to showcase code value impact.

Step-by-step explanation:

Reference data can be used in multiple ways:

1. Reference data is not restricted to one code value per asset. It can have multiple code values for cross-referencing and categorization purposes.
2. Aligning product codes to the products within an organization is another use of reference data. This ensures consistency and standardization in product identification.
3. Hierarchies can be built with reference data to demonstrate the impact of code values. This helps in understanding the relationships and dependencies between different code values.

Therefore, the correct answers are b. Align product codes to the products within the organization and c. Hierarchies can be built to demonstrate code value impact.