Geoff Is the Payroll Clerk for a Firm That Maintains

question 70

Multiple Choice

Geoff is the payroll clerk for a firm that maintains its payroll through computerized records on a centralized server.One of his responsibilities is employee file maintenance,including the destruction of records after the retention time has elapsed.His method of purging employee records is to delete the file from the database.What other record destruction procedures should Geoff follow?

• A)None.His method is acceptable.
• B)He should check all other employees' computers to ensure that the record is deleted.
• C)He should purge the record from the server.
• D)He should send an interoffice request to have someone in the information technology department remove the record from the server.

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Definitions:

Market Portfolio

A theoretical bundle of investments that includes every asset in the market, weighted by market capitalization; often used as a benchmark in the capital asset pricing model (CAPM).

Risk-Free Return

The return on an investment with no loss of principal, often associated with government bonds.

Geometric Average Return

The average rate of return on an investment per year, compounded annually, representing the compounded growth rate over time.

Yearly Return

The annual profit or loss generated by an investment, usually expressed as a percentage of the investment's initial value.