Mailing Addresses of Individuals in a Database Should Be Updated

question 170

True/False

Mailing addresses of individuals in a database should be updated at least once every two years and more often if they are used for frequent contacts.

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Definitions:

Store of Wealth

An asset or commodity that retains value over time and can be used to preserve or store purchasing power for the future.

Pay Cycle

The regular interval at which an employee receives their salary or wages from their employer.

Equation of Exchange

An economic formula representing the relationship between the money supply, its velocity (rate of circulation), the price level, and the number of transactions over a period.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts, influencing inflation and economic activity.