Companies in Some Industries Are Required by Law to Retain

question 144

Multiple Choice

Companies in some industries are required by law to retain financial documents for at least seven years. In large companies, being able to locate and retrieve documents from previous years can be extremely challenging, not to mention the logistical challenge associated with warehousing large amounts of paper. Increasingly, companies that face these challenges are turning to _______________.

• A) Digital Document Systems DDS)
• B) Regulated Document Storage Systems RDSS)
• C) Document Filing Systems DFS)
• D) Document management systems DMS)

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Definitions:

Distress

Negative stress experienced as a result of challenging situations, often leading to discomfort or emotional pain.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a comprehensive classification of mental health conditions and criteria for diagnosis.

Self-Indulgence

Engaging in one's desires and impulses excessively, often at the expense of others or one's own wellbeing.

Research

A methodical exploration and examination of materials and sources aimed at discovering truths and formulating new insights.