When Implementing a Data Classification Program, Why Is It Important

question 259

Multiple Choice

When implementing a data classification program, why is it important to avoid too much granularity?

• A) The process will require too many resources
• B) It will be difficult to apply to both hardware and software
• C) It will be difficult to assign ownership to the data
• D) The process will be perceived as having value

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Definitions:

Petty Cash Fund

A small amount of cash kept on hand for making immediate payments for miscellaneous, small expenses.

Expense Accounts

Categories within financial accounting where expenses are recorded and tracked.

Outstanding Check

A check that has been written and recorded in the issuer's accounting records but has not yet been cashed or cleared by the bank.

Bank Reconciliation

Bank reconciliation is the process of matching and comparing the account records held by a company with the bank statements to ensure accuracy and consistency in financial records.