A Master File Stores Core Information That Is Important to the Business

question 14

True/False

A master file stores core information that is important to the business, is normally kept for long periods of time, and is regularly updated.

---

Definitions:

Consumer Products

Items produced for purchase and use by the general public, ranging from household goods to personal electronics.

Substantial Harm

Significant damage or injury, often used legally to describe the severity of an action's impact on a person or property.

Section 5

A provision within a specific law or regulation, typically requiring context to determine its specific application or meaning.

Advisory Opinions

Opinions provided by courts or regulatory agencies on legal issues, often without the presence of an actual case or controversy.