What Term Refers to the Actions of a Party Who

question 16

Multiple Choice

What term refers to the actions of a party who processes data to make efforts to prevent routine destructions and preserve electronically stored data?

• A) court order
• B) litigation hold
• C) restraining order
• D) subpoena duces tecum

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Definitions:

Market Rule

A guideline or principle applied to assess the acceptability, pricing, or regulation of goods and services in a market.

Lower Of Cost

An accounting principle requiring that inventory is recorded at the lower of its historical cost or current market value.

Market Value

The prevailing market rate at which a commodity or service is traded.

Retail Inventory Method

An accounting technique used to estimate inventory value by converting retail prices to cost prices.