Benefits of Electronic Data Management (EDM) Include All of the Following

question 30

Multiple Choice

Benefits of electronic data management (EDM) include all of the following except

• A) reduced cost of handling and storing paper
• B) improved staff productivity
• C) faster processing
• D) less disk storage

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Definitions:

Web-Enabled

Refers to applications or services that are accessible or functional through the internet using web browsers.

Data Entry

The process of inputting information into electronic formats by typing or scanning, typically used in databases and computer systems.

FAIS

An acronym standing for Financial Advice and Intermediary Services, regulations aimed at protecting consumers by governing the provision of financial advice and intermediary services.

Information Silos

Isolated islands of data or information managed separately within an organization, leading to inefficiency and lack of synergy.