The Organizational Function That Is in Charge of Policies and Procedures

question 62

True/False

The organizational function that is in charge of policies and procedures for managing internal data resources is called data administration.

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Definitions:

Interest Rate

The percentage charged on the total amount of borrowed money or paid on deposited funds, influencing the cost of loans and savings.

Initial Amount

The starting sum or value in financial transactions or calculations.

Stock Ownerships

The holding of shares in a company, which represents a claim on the company's assets and earnings.

Savings Accounts

Financial accounts that offer safe storage for customers' money with an interest-earning benefit, typically offered by banks and financial institutions.