An Organization Lacks a Data Retention Policy

question 336

Multiple Choice

An organization lacks a data retention policy. Of the following, who is the BEST person to consult for such requirement?

• A) Application Manager
• B) Database Administrator
• C) Privacy Officer
• D) Finance Manager

---

Definitions:

Measurement (Cost) Principle

A principle that states accounting information is based on actual cost incurred in transactions, which includes the initial purchase price plus any additional costs necessary to get the asset ready for use.

Accounting Principles

Fundamental concepts or guidelines that govern the field of accounting, such as consistency, relevance, reliability, and comparability.

Actual Cost

The direct costs incurred in the production of goods, including labor and materials.

Revenue Recognition Principle

An accounting principle that dictates that revenue should be recognized in the accounting period in which it is earned and realizable.