ERM Systems Consist of Hardware and Software That Manage and Archive

question 46

True/False

ERM systems consist of hardware and software that manage and archive electronic documents and image paper documents;then index and store them according to company policy.

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Definitions:

Information

Data that has been processed, organized, or presented in a manner that makes it meaningful or useful to the person receiving it.

Accounting Data

Information related to financial transactions and status, used for analysis, planning, and decision-making in business.

Qualitative Terms

These are descriptive, non-numerical characteristics or attributes used to assess aspects of operations, strategies, or market conditions.

Quantitative Terms

Relates to, measuring, or measured by the quantity of something rather than its quality.