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One of Kate Sandberg's clients,Electro Tech,has grown significantly in the last 10 years from a makeshift laboratory in an engineer's basement,to an electronics manufacturer employing over 200 people.Every week,the operations of the company produce hundreds of electronic documents including contracts,internal memoranda,financial records,and research data,in addition to the hundreds of e-mails written by employees.All of these documents are archived in a central file server at the Electro Tech headquarters.Maintaining these archives is costly,and Electro Tech is increasingly concerned about the possibility of litigation.Electro Tech has asked Kate to help them develop a retention policy.What should be the basic elements of this retention policy?
Asset Turnover
A metric that evaluates how effectively a business utilizes its assets to produce sales income.
Net Sales
The revenue from sales after subtracting returns, allowances for damaged or missing goods, and discounts.
Decision Makers
Individuals or groups responsible for making choices and forming strategies within an organization.
Financial Statements
Summaries that detail a company's financial operations and status, incorporating the balance sheet, income statement, and statement of cash flows.
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