What Is the FIRST Step Required in Establishing a Records

question 20

Multiple Choice

What is the FIRST step required in establishing a records retention program?

• A) Classify records based on sensitivity
• B) Identify and inventory all records storage locations
• C) Identify and inventory all records
• D) Draft a records retention policy

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Definitions:

Wages And Salaries

Payments to employees for their labor, either calculated by time worked or a fixed monthly rate.

Customers Served

The number of customers who have received service from a business over a particular period.

Revenue And Spending Variances

The differences between actual revenues and expenditures compared to budgeted or forecasted amounts, often analyzed to manage and improve financial performance.

Wells Serviced

The number of oil, gas, or water wells that have undergone maintenance, repair, or evaluation activities within a given period.