Regarding Retention Policies, Firms Need to ________

question 31

Multiple Choice

Regarding retention policies, firms need to ________.

• A) implement strong and clear backup policies
• B) specify how long data will be retained
• C) ensure implementation is compliant with policies through periodic audits
• D) All of the above

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Definitions:

Moral Hazard

The risk that a party insulated from risk may behave differently than if they were fully exposed to the risk.

Underpricing

Underpricing refers to setting the initial sales price of a new product or service below market value, often used to attract customers quickly.

Standby Basis

A term referring to a state of readiness without being actively engaged in a task, often used in reference to equipment or services available on-demand.