Which of the following is not typically a component of a company's major master data?

Which of the following is not typically a component of a company's major master data?

• A. Items
• B. Employees
• C. Customers
• D. Prices

Answer: (B)

In the context of a company's major master data, key components generally revolve around core business operations, which primarily include items, customers, and prices. Master data is typically defined as the critical data that is essential for operations in a company, often encompassing data about products, customers, suppliers, and pricing structures. Items represent the products or goods a company sells, making this data crucial for inventory management and sales processes. Customers are equally vital as they represent the entities or individuals who purchase the company’s products or services, fundamentally impacting revenue generation. Prices are also a critical component, as they dictate how much customers will pay for items, influencing profitability and competitive positioning. While employees are essential for a company's operations, they usually fall under transactional or operational data rather than master data. Master data primarily focuses on entities that interact directly with the business's core offerings or services, such as product lines and customer demographics. Because of this distinction, employees do not typically constitute a major component of master data in the same way items, customers, and prices do.

In the context of a company's major master data, key components generally revolve around core business operations, which primarily include items, customers, and prices. Master data is typically defined as the critical data that is essential for operations in a company, often encompassing data about products, customers, suppliers, and pricing structures.

Items represent the products or goods a company sells, making this data crucial for inventory management and sales processes. Customers are equally vital as they represent the entities or individuals who purchase the company’s products or services, fundamentally impacting revenue generation. Prices are also a critical component, as they dictate how much customers will pay for items, influencing profitability and competitive positioning.

While employees are essential for a company's operations, they usually fall under transactional or operational data rather than master data. Master data primarily focuses on entities that interact directly with the business's core offerings or services, such as product lines and customer demographics. Because of this distinction, employees do not typically constitute a major component of master data in the same way items, customers, and prices do.