Which One of the Following Is NOT a Step in Developing

question 1154

Multiple Choice

Which one of the following is NOT a step in developing a record retention program?

• A) conducting an inventory of the facility's records
• B) determining the format and location of storage
• C) assigning all records the same retention period
• D) destroying records that are no longer needed

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Definitions:

Employee Participation

A workplace practice where employees are involved in decision-making processes, potentially improving satisfaction and productivity.

Phantom Stock Plan

A type of employee benefit plan that gives selected employees many of the benefits of stock ownership without giving them any company stock, often tied to the performance or value of the company's stock.

Company Stock

Shares of ownership in a corporation, representing a claim on part of the corporation's assets and earnings.

Performance-Based Pay

A compensation system where an employee's pay is directly tied to their performance metrics, aimed at incentivizing high levels of job performance.